AIER, Great Barrington – Week 12 – Saying Goodbye

Callum Hudson

Monday marked the beginning of my final week at the American Institute for Economic Research (AIER).  This week I was busy working alongside senior research fellow Max Gulker, finalising our article on the high cost of child care in the United States.  Democrats have been calling for increased government funding to cover the high cost of childcare, whilst opponents ask the question “what has caused the cost of child care to be so high”.  Our article, The High Cost of Regulating Child Care, was published on AIER’s website this Friday.  The release of this article was timely, with Senator Elizabeth Warren earlier this week calling for the federal government to subsidise childcare costs greater than 7% of a family’s income. 

Throughout the week I spent some additional time entering some more IRS tax data for senior research fellow Phil W. Magness.  Phil W. Magness is in the final stages of releasing his paper, Trends in Income Inequality in the Interwar United States: Testing Reliability with State Income Tax Data, of which I spent many hours inputting data from federal and state tax records.  It is great to see the end result of the work I completed during my time at AIER and it was a pleasure to help Mr Magness.  I also spent some time this week rounding off a few side projects that I had been working on over the last two months. 

The AIER office is part of a local library, with books, computers and other resources open to the public.  During my time at AIER I had become introduced to Joe Grochmal, a retired investment banker who spent the majority of his life working on Wall Street and now uses the library on a regular basis.  Before leaving AIER Joe insisted that I and a few of the other interns came over for drinks and dinner.  I had a great time listening to Joe’s many stories from his successful life and career.  Joe is one of the many incredible people that I have met during my time in the States. 

It is hard to believe that my three months in the United States is up – it went by so quickly.  I am going to miss AIER, all of the staff, the evening drinks at the Stone House, the lunchtime games of pool or table tennis, but mostly I will miss the opportunity to learn.  I have learned an immense amount about economics, work ethic and public policy over the past three months and I hope I can continue doing so in the future.  I am incredibly grateful to the Mannkal Economic Education Foundation for the opportunity to participate in their Washington DC Leadership Development program and intern at AIER for two months.