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31. Public Debt and the Income Share of the Top 1% in the US, 1960-2019

Author:
Aggela Papadopoulou
Publication Date:
01-2025
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
This study theorizes the relationship between sovereign debt and income inequality and shows that increases in public indebtedness are robustly associated with increases in the income share of the top one percent in the US since the 1960s. First, the paper outlines the mechanisms through which public debt is linked to the top one percent income share, via interest payments and capital gains from bond trading. Subsequently, it scrutinizes the evolution of public debt and the income share of the top one percent in the US, in parallel with the historical development of political and economic institutions. Building on the historical analysis, it demonstrates econometrically that interest payments and total returns on domestic and foreign public debt are positively associated with the income share of the top one percent in the US for the period 1960 to 2019.
Topic:
Income Inequality, Public Debt, and Top One Percent
Political Geography:
North America and United States of America

32. Black Intergenerational Mobility, Libertarian Capitalism, and Authoritarian Government, 1877–1941: A Case Study

Author:
Patrick L. Mason
Publication Date:
01-2025
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
There are persistent multigenerational Black-white gaps in occupational attainment. These racial differences in intergenerational mobility are not caused by differences in family values and behavior (Mason, 2007). For three decades, I have gathered evidence on my family’s intergenerational transition from enslavement to present social and economic circumstances. Charles and Susan Rollins were 32 and 29 years-old, respectively, as enslavement ended in 1865. During Reconstruction, they accumulated wealth, established a successful dairy and other farming, helped found a church and religious organizations, helped found multiple civic organizations, served on boards affiliated with the local university and high school, were elected to County and State public office, had savings and bank accounts for the entire family, and were leaders among an extensive social network. Jim Crow in the South and anti-black racism in the north stymied upward mobility for the Rollins family for the three generations after Charles and Susan, despite the fact that their descendants obtained greater education than their ancestors, displayed a willingness to relocate 100s of miles away from their home, possessed a culture of achievement (hard work, future orientation, married couple families, etc.), were blessed with exceptional social capital, and, perhaps, the relative advantage of being mulattoes.
Topic:
History, Authoritarianism, Capital, Libertarianism, and Social Mobility
Political Geography:
North America and United States of America

33. Fracking or No Fracking? How a Green Transition Can Work for Workers

Author:
Robert Pollin and Jeannette Wicks-Lim
Publication Date:
02-2025
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
Throughout the 2024 U.S. Presidential campaign, the only climate-related issue to achieve prominence was the question of whether to ban fracking operations in the United States. Donald Trump is a long-time climate denier, and therefore had no qualms in supporting fracking and all other techniques for extracting fossil fuels from the ground. By contrast, Kamala Harris had supported a nationwide ban on fracking during her 2019 presidential campaign. This was due to the severe negative environmental and public health impacts of this natural gas extraction technique and because burning natural gas to produce energy generates CO2 emissions that cause climate change. But Harris opposed a fracking ban in 2024 on the assumption that the ban would impose major costs to the economy of Pennsylvania, which has the second-largest fracking operations among U.S. states, after Texas only. Such negative economic outcomes in Pennsylvania would indeed result if fracking were banned in the U.S. and no large-scale alternative economic activities were introduced into Pennsylvania’s economy. But banning fracking must be understood as one component of a much larger program to advance a viable climate stabilization program, in Pennsylvania, and everywhere else. We find that building a clean energy-dominant infrastructure in Pennsylvania—focused on investments in energy efficiency and renewable energy sources—will generate approximately 160,000 jobs in the state. Meanwhile, phasing down fracking and all other fossil fuel activities by 50 percent between 2026 – 35 will entail job losses in the range of 1,700 per year within the state. We argue that these 1,700 displaced fossil fuel workers should receive just transition policies that include pension, employment and income guarantees, in addition to, as needed, retraining and relocation support. We estimate that such a just transition program for these workers will cost in the range of $240 million per year. This amounts to about 0.02 percent of Pennsylvania’s current GDP. Thus, we show how, between 2026 – 2035, Pennsylvania could phase out 50 percent of all its fossil fuel production activities—including fracking operations—while also providing generous support for workers to transition out of their fossil fuel industry jobs and into activities that both raise public health and environmental standards in the state and contribute toward a viable global climate stabilization project.
Topic:
Climate Change, Elections, Green Transition, and Fracking
Political Geography:
North America and United States of America

34. Employment in Child Care and Early Education in the U.S. 2000-2021

Author:
Aritra Basu and Nancy Folbre
Publication Date:
02-2025
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
Accurate assessment of trends in the availability and affordability of childcare services in the U.S. hinges on accurate assessment of a paid labor force that is difficult to precisely measure, because it spans a wide range of informal and formal institutional arrangements. This paper calls attention to these measurement problems and traces significant changes in the composition of child care and early education employment from 2000 to 2021 based on data from the American Community Survey (ACS). It shows that employment in the Child Day Care Services industry has become an increasingly poor measure of the number of those employed in Child Care and Preschool/Kindergarten occupations, due to increased provision in both Private Household Services and Elementary and Secondary Education industries. Comparisons of worker characteristics and median annual earnings across occupations and industries highlight the effects of institutional context, including differences in the composition of demand for paid care services. Consideration of these issues points to the need for specific improvements in labor force survey design.
Topic:
Labor Issues, Employment, Survey, and Child Care
Political Geography:
North America and United States of America

35. KGB Operations against the USA and Canada in Soviet Ukraine, 1953-1991

Author:
Nebahat Akkoç
Publication Date:
01-2025
Content Type:
Journal Article
Journal:
Uluslararasi Iliskiler
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
Professor Zhuk’s “KGB Operations against the USA and Canada in Soviet Ukraine, 1953- 1991” focuses on the post-Stalin Cold War period, when Soviet Ukraine was gradually opened to American and Canadian visitors and combines counter-intelligence documents in the 1st (and 16th) fund of Security Service of Ukraine (SBU) archive with the Committee for State Security’s (KGB) official correspondence and reports to the political leadership of Soviet Ukraine.
Topic:
Cold War, History, Book Review, and KGB
Political Geography:
Russia, Europe, Ukraine, and United States of America

36. The Tech Revolution and Irregular Warfare: Leveraging Commercial Innovation for Great Power Competition

Author:
Seth G. Jones
Publication Date:
01-2025
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
The U.S. government has not adequately leveraged the commercial sector to conduct irregular warfare against China, Russia, Iran, and other competitors because of significant risk aversion, slow and burdensome contracting and acquisitions processes, and a failure to adequately understand technological advances. There is an urgent need to rethink how the United States works with the commercial sector in such areas as battlefield awareness, placement and access, next-generation intelligence, unmanned and autonomous systems, influence operations, and precision effects.
Topic:
Defense Policy, Science and Technology, Innovation, Competition, and Irregular Warfare
Political Geography:
Russia, China, Iran, and United States of America

37. Fueling the Future: Recommendations for Strengthening U.S. Uranium Security

Author:
Gracelin Baskaran and Meredith Schwartz
Publication Date:
02-2025
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
Uranium is a crucial mineral for energy and national security—it fuels the nuclear energy that underpins today’s economy and is key to propelling future growth to meet the surge in energy demand from artificial intelligence. However, supply chain vulnerabilities and dependencies on foreign adversaries challenge U.S. leadership in the sector and create national and energy security risks. Russia and China are rapidly expanding their offtake of mined uranium from international partners, uranium enrichment capabilities, and nuclear infrastructure. To strengthen uranium and nuclear fuel supply chains, the United States must work with allies, implement conducive trade and tariff policies, and invest in both domestic enrichment capacity and uranium ore production abroad.
Topic:
Security, Defense Policy, Geopolitics, Economic Security, Uranium, Nuclear Energy, and Critical Minerals
Political Geography:
Russia, Central Asia, North America, and United States of America

38. Mining for Defense: Unlocking the Potential for U.S.-Canada Collaboration on Critical Minerals

Author:
Christopher Hernandez-Roy, Henry Ziemer, and Alejandra Toro
Publication Date:
02-2025
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
China’s near monopolistic control of many critical minerals, which are essential for both for consumer products and defense production, represents an unacceptable risk to the national security of the United States at a time of heightened geopolitical tension. Canada, which already supplies the United States with large quantities of certain essential metals, is well positioned as an alternative source for many of the critical minerals controlled by China, thus contributing to North American national and economic security. Bolstering cooperation on critical minerals for the defense industry furthermore offers a way for both countries to find common ground amid frustrations surrounding trade and security.
Topic:
Defense Policy, Bilateral Relations, Mining, Collaboration, and Critical Minerals
Political Geography:
Canada, North America, and United States of America

39. Russia’s Shadow War Against the West

Author:
Seth G. Jones
Publication Date:
03-2025
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
Russia is conducting an escalating and violent campaign of sabotage and subversion against European and U.S. targets in Europe led by Russian military intelligence (the GRU), according to a new CSIS database of Russian activity. The number of Russian attacks nearly tripled between 2023 and 2024. Russia’s primary targets have included transportation, government, critical infrastructure, and industry, and its main weapons and tactics have included explosives, blunt or edged instruments (such as anchors), and electronic attack. Despite the increase in Russian attacks, Western countries have not developed an effective strategy to counter these attacks.
Topic:
Security, Defense Policy, Intelligence, Geopolitics, Russia-Ukraine War, and Transnational Threats
Political Geography:
Russia, Europe, and United States of America

40. Foreign Malign Influence Targeting U.S. and Allied Corporations

Author:
Daniel Byman
Publication Date:
03-2025
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
U.S. corporations are regular targets of foreign governments seeking to undermine the United States. These hostile states have both commercial and strategic motives, and they use disinformation, malinformation, and artificial promotion to tarnish the reputations of U.S. companies. U.S. corporations and the U.S. government should take steps to mitigate this threat, including improving corporate counterintelligence, building networks of advocates for use in crisis situations, and sharing more information on the scope and scale of the problem.
Topic:
Terrorism, International Security, Geopolitics, Corporations, and Irregular Warfare
Political Geography:
Russia, China, and United States of America