Baker

Dean Baker

Affiliations
Co-Director, Center for Economic and Policy Research
Areas of Expertise:
  • Economic Security
  • Inequality & the Middle Class
  • Social Security
  • Unemployment Insurance
  • Jobs & Workers
  • Public Budgets & Taxes

About Dean

Baker has done considerable work on the finances of Social Security and retirement income, and has also done collaborated with colleagues to study the impact of labor market protections on unemployment. He has also examined the ways in which the rules of the market have been structured to redistribute income upward. This includes analysis of Federal Reserve Board policy, trade policy, and patent policy, especially with respect to prescription drugs. He has worked with a large number of labor unions, advocacy groups (on retirement issues: AARP and the National Committee to Protect Social Security and Medicare), and community based organizations (e.g. Center for Community Action, National People’s Action, ACORN).

Podcast

Publications

Getting Back to Full Employment (with Jared Bernstein) (Center for Economic and Policy Research, 2013).
Explores un- and underemployment in the United States, debunking misleading beliefs about economic growth and making policy recommendations that will aid in achieving full employment.
Social Security: The Phony Crisis (with Mark Weisbrot) (University of Chicago Press, 2000).
Shows that the problems facing Social Security were hugely exaggerated, and that plans to privatize the system would likely make the situation for seniors worse by making their benefits uncertain and increasing administrative costs by an order of magnitude.
"Asset Returns and Economic Growth," Brooking Papers on Economic Activity, December 31, 2004.
Argues that the long-run rate of return on equities will depend on the current price to earnings ratio in stock markets and the growth path of profits. This means that analysts should have assumed low stock returns when price to earnings ratios were at unusually high level in the 1990s and 2000s.
"Are Protective Labor Market Institutions at the Root of Unemployment? A Critical Review of the Evidence" (with David Howell, Andrew Glyn, and John Schmitt). Capitalism and Society 2, no. 1 (2007): 1-73.
Examines the evidence that unions and other protections for workers led to higher rates of unemployment. Shows that the evidence for this link is weak or non-existent, depending on the specific protection.

In the News

Dean Baker quoted in Irina Ivanova, "5 Issues Luring in the GOP's Tax Reform Plan" CBS News, September 18, 2017.
Dean Baker quoted in Michael E. Kanell, "Equifax Breach Could Shake Consumer Confidence, Cut Spending" The Atlanta Journal-Constitution, September 19, 2017.
Dean Baker quoted in Marc Hay, "Trump's Quiet Campaign Against Government Workers" VIce, September 22, 2017.
Dean Baker quoted in Alex Smith, "Uncertainty over Health Care Law's Future Hobbles Entrepreneurs" National Public Radio, September 23, 2017.
Dean Baker quoted on larger deficits in the context of a weak economy in Max Ehrenfreund, "Why Trump Just Might be Able to Solve a Nasty Problem Facing the U.S. Economy" The Washington Post, November 11, 2016.
Dean Baker quoted on debating Trump in Michael Tomasky, Jack Meserve, and Sophia Crabbe-Field, "How to Debate Trump" Democracy Journal, September 23, 2016.
Dean Baker quoted on expanding Social Security in Michael Hiltzik, "Obama's Call for Expanding Social Security Could be a Game-Changer" Los Angeles Times, June 3, 2016.
"Scamming the Country’s Veterans: Efforts to Privatize VA Health System," Dean Baker, Huffington Post, April 25, 2016.
"Will ObamaCare End 'Job Lock'," Dean Baker, Los Angeles Times, April 11, 2016.
Dean Baker quoted on job prospects for the laid-off in Don Lee, "Laid-Off Americans are Finally Returning to the Labor Market: Will They Find Jobs?" Los Angeles Times, April 1, 2016.
"The Jobs Tradeoffs in the TPP Trade Deal," Dean Baker, Los Angeles Times, February 25, 2016.
Dean Baker quoted on Bernie's proposed productivity growth in Matt Yglesias, "Top Democratic Economists Don't Think Much of Bernienomics. He Doesn’t Care." Vox, February 18, 2016.
Dean Baker quoted on trade deficits in Tatiana Darie, "How a Stronger Dollar Could Play Havoc with Politics in 2016" Chicago Tribune, February 3, 2016.
Dean Baker quoted on Sanders' Social Security plan in Daniel Marans, "Bernie Sanders' Social Security Plan Gets A Huge Boost" Huffington Post, January 5, 2016.
Dean Baker quoted on Piketty's success in Nelson D. Schwartz, "Economists Take Aim at Wealth Inequality" New York Times, January 3, 2016.
Dean Baker quoted on tightening financial regulations in Max Ehrenfreund, "Hillary Clinton May be Ready to Break Up the Big Banks" The Washington Post, October 9, 2015.
Guest to discuss drug pricing on CounterSpin, Dean Baker, October 1, 2015.
Dean Baker quoted on eliminating corporate tax loopholes in David Weigel, "Trump’s Tax Plan Calms Conservatives Worried about a Populist Moment" The Washington Post, September 28, 2015.
"Will President Obama Stand Up to the Drug Thugs?," Dean Baker, Truth Out, September 21, 2015.
Dean Baker quoted on the impact of living longer on health care cost increases in Helaine Olen, "Chris Christie Said Social Security is Going Insolvent. Oh, Come On." Slate, September 17, 2015.
Guest to discuss the outlook for Fed monetary policy on Bloomberg Business: What'd You Miss?, Dean Baker, September 3, 2015.
Dean Baker quoted on individual economic decision making in Bryce Covert, "If Social Security Had Been in Private Accounts the Stock Market Drop Could Have Been a Disaster" Think Progress, August 24, 2015.
"Is There Anything Progressive about Hillary's Economic Plan?," Dean Baker, Counter Punch, August 14, 2015.
Dean Baker quoted on ObamaCare's effect on jobs in Julie Verhage, "There's a Big Economic Benefit to Obamacare That Isn't Getting Much Attention" Bloomberg, August 7, 2015.
Guest to discuss ObamaCare’s effect on the job market on Bloomberg: What'd You Miss?, Dean Baker, August 6, 2015.
Guest to discuss the effect of interest rate hikes by the Federal Reserve and the job market on Bloomberg: What'd You Miss?, Dean Baker, August 6, 2015.
Dean Baker quoted on middle class economics in Michael Hiltzik, "Conservatives are Trying to Prove Income Inequality is a Myth - and Failing" Los Angeles Times, August 4, 2015.
Dean Baker quoted on the economic rationale for the fast-food-only policy in Josh Barro, "A $15 Minimum Wage. But Why Just for Fast-Food Workers?" New York Times, July 28, 2015.
"Wage Growth Continues to be the Key to Social Security Solvency," Dean Baker, Center for Economic and Policy Research, July 22, 2015.
Dean Baker quoted on the right-wing push to amend the U.S. Constitution by requiring a balanced federal budget in Jonas Persson and and Mary Bottari, "ALEC Wants to Educate High Schoolers on Balanced Budgets and Austerity" San Diego Free Press, July 20, 2015.
Guest to discuss the Trans Pacific Partnership deal on CC-TV America: The Heat, Dean Baker, July 15, 2015.
Dean Baker quoted on full-time versus part-time employment in Josh Barro, "Should Americans Work More? To Hit 4 Percent Growth, We Would Have To" New York Times, July 14, 2015.
Dean Baker quoted on reducing inequality in Amy Chozick, "Hillary Clinton Offers Her Vision of a ‘Fairness Economy’ to Close the Income Gap" New York Times, July 13, 2015.
"The Return of Irrational Economic Exuberance," Dean Baker, Counter Punch, July 8, 2015.
Dean Baker quoted on whether Southern cities similar to Louisville could also raise the minimum wage in Ashley Lopez, "Louisville’s Minimum Wage Hike Could be an Example through the South" WFPL NPR News, July 1, 2015.
"Growth is Sacrosanct - When It Benefits the Rich," Dean Baker, Al Jazeera America, June 23, 2015.
"The TPP Gang That Can’t Shoot Straight," Dean Baker, Gilmer Mirror, June 10, 2015.
"Growth is Not Necessarily Bad for the Environment," Dean Baker, Al Jazeera America, June 8, 2015.
Dean Baker quoted on the Republican push for requiring a balanced federal budget in Jonas Persson and Mary Bottari, "ALEC Wants to Educate High Schoolers on Balanced Budget and Fiscal Austerity " Center for Media and Democracy , May 28, 2015.
Dean Baker quoted on "voluntary" workers as a misnomer in Cora Lewis, "Many Women are Hidden from Unemployment Numbers, Study Says" BuzzFeed, May 21, 2015.
"The Arguments for the TPP are Transparently Weak," Dean Baker, Al Jazeera America, May 11, 2015.
"Wisconsin One of Many States at Risk in ObamaCare Court Case," Dean Baker, Wisconsin State Journal, May 10, 2015.
"The Job-Killing-Robot Myth," Dean Baker, Los Angeles Times, May 6, 2015.
Dean Baker quoted on foreign direct investment and outsourcing in William Mauldin, "Economists Say White House Argument on Outsourcing Falls Flat" Wall Street Journal, May 1, 2015.
Dean Baker quoted on the lack of economic opportunity in Baltimore in JJ Feinauer, "The Role of Poverty in Baltimore's Unrest" Desert News National, April 29, 2015.
Dean Baker quoted on America's rising inequality in John W. Schoen, Amber Payne, and Erin McClam, "Violence Scarred a City Dealing With Decline for Decades" CNBC, April 29, 2015.
Dean Baker quoted on Hillary's campaign strategy in Amy Chozick, "Campaign Casts Hillary Clinton as the Populist It Insists She Has Always Been" New York Times, April 21, 2015.
"The Case for Divesting from Fossil Fuels," Dean Baker, The Phoenix, April 16, 2015.
"The End of the U.S. Boom," Dean Baker, OpEd News, April 13, 2015.
Dean Baker quoted on wage gaps in Gretchen Morgenson, "Despite Federal Regulation, C.E.O. - Worker Pay Gap Data Remains Hidden" New York Times, April 10, 2015.
"A Key to Healing U.S. Economy? Curbing Currency Manipulation," Dean Baker, Los Angeles Times, April 7, 2015.
"Tyler Cowen's Three-Card Monte on Inequality," Dean Baker, Center for Economic and Policy Research, April 5, 2015.
Dean Baker quoted on forecasting the Fed's action in response to job growth in Don Lee, "U.S. Job Growth Slows Sharply in March to 126,000" Los Angeles Times, April 3, 2015.
Dean Baker quoted on what a flat tax rate would mean for the middle class in Tom Bailey, "Flat Taxes: Could They Help the American Economy?" World Finance, April 1, 2015.
Dean Baker quoted on the impact Obama's trade agreement will have on jobs in Robert W. Patterson, "U.S. Loses Millions of Job through Trade" Providence Journal, March 28, 2015.
"The Economy, Like Arithmetic, is Not Complicated; Even if Robert Samuelson Does Not Understand It," Dean Baker, Center for Economic and Policy Research, March 25, 2015.
Dean Baker quoted on the debate surrounding the Trans-Pacific Partnership deal in Noah Smith, "A Trade Agreement That Even Liberals Can Live With" Chicago Tribune, March 17, 2015.
"The Biggest Threat to the U.S. Budget: A Fed Rate Hike?," Dean Baker, Fortune, March 11, 2015.
Dean Baker quoted on the relationship between unemployment benefits and unemployment in Matthew Jelalian, "Cutting Unemployment Benefits Reduces Unemployment, Study Shows" Deseret News National , March 2, 2015.
Dean Baker quoted on income growth in the U.S. in Jim Zarroli, "Study Suggests Recession, Recovery Have Not Left the Rich Richer" National Public Radio, February 17, 2015.
"The Sharing Economy Must Share a Level Playing Field," Dean Baker, Cato Unbound, February 11, 2015.
"Obama Versus Obamacare," Dean Baker (with Joseph E. Stiglitz and Arjun Jayadev ), Project Syndicate, February 10, 2015.
Guest to discuss the Syriza party in Greece on Democracy Now, Dean Baker, February 4, 2015.
Dean Baker quoted on the effectiveness of Croatia's debt forgiveness program in Rick Noack, "Croatia Just Canceled the Debts of Its Poorest Citizens" The Washington Post, January 31, 2015.
Dean Baker quoted in Matt Mercuro, "Uber, Lyft, Head to Court this Week over Driver Benefits" Auto World News, January 29, 2015.
"Did Cutting the Duration of Unemployment Benefits Lead to Faster Job Growth in 2014?," Dean Baker, Center for Economic and Policy Research, January 26, 2015.
Dean Baker quoted on the data used to refute Obama's job growth policies in Danny Vinik, "Obama is Finally Getting Credit for the Recovery" New Republic, January 28, 2015.
Dean Baker quoted on ObamaCare's impact on part-time hours in Louis Jacobson, "CEO of Carl's Jr. says 'ObamaCare Has Caused Millions of Full-Time Jobs to Become Part-Time'" Politifact, January 23, 2015.
"Democrats Take on Wall Street with Financial Transactions Tax," Dean Baker, Huffington Post, January 19, 2015.
"What Congress Isn't Seeing When the Government Spends," Dean Baker, Forbes, January 14, 2015.
Guest to discuss the current state of the U.S. economy on Boom Bust, Dean Baker, January 8, 2015.
"Coach Harbaugh's Big Tax Subsidy," Dean Baker, Chicago Tribune, January 6, 2015.
Dean Baker quoted on default rate for mortgages with low down payments in James Surowiecki, "The Mortgage Mistake" The New Yorker, January 6, 2015.
"The Profit on the TARP and Bernie Madoff," Dean Baker, OpEd News, January 5, 2015.
"New Year’s Resolutions: Ten Ways to Combat Upward Redistribution of Income," Dean Baker, Moyers and Company, January 1, 2015.
Dean Baker quoted on strong currency provisions in Mark Landler and Jonathan Weisman, "Obama’s Trade Chief, Undaunted by Odds, Pushes for Trans-Pacific Partnership" New York Times, December 30, 2014.
Guest to discuss on the Fed raising short-term interest rates on All Things Considered, Dean Baker, December 25, 2014.
Dean Baker quoted on the implications a trade deal may have on U.S. jobs in Lydia DePillis, "The U.S. Might Sign a Huge Trade Deal This Year. Could It Actually Work for the Middle Class?" The Washington Post, December 30, 2014.
"Fear over Overregulation is Unfounded, Exaggerated," Dean Baker, The Free Lance-Star, December 28, 2014.
"The Trade Agreement Pinatas," Dean Baker, Truth Out, December 22, 2014.
Dean Baker quoted on trade issues in Vicki Needham , "Labor Warns Obama on Trade Policy" The Hill, December 11, 2014.
"Benefits of ObamaCare: More People are Able to Work Less," Dean Baker, OpEd News, December 9, 2014.
"Good News for the Affordable Care Act in Jobs Reports," Dean Baker, PBS Newshour, December 8, 2014.
Dean Baker quoted on measuring job growth in Simone Path, "What’s the Most Reliable Indicator of Monthly Job Gains?" PBS Newshour, December 5, 2014.
Dean Baker quoted on shutting down coal plants in Barnini Chakraborty, "'Game We Can’t Win': Coal States Brace for Growing Number of Plant Closures over EPA Rules" Fox News, December 5, 2014.
"The Paid Vacation Route to Full Employment," Dean Baker, Huffington Post, December 1, 2014.
Guest to discuss wage gains and consumer debt issues on Boom Bust, Dean Baker, November 25, 2014.
Dean Baker quoted on the tech worker shortage in Josh Eidelson, "The Tech Worker Shortage Doesn't Really Exist" Bloomberg Businessweek, November 24, 2014.
Dean Baker quoted on regulations to cutting carbon dioxide emissions in Cynthia Shahan, "67% of Americans Support Federal CO2 Regulations" Clean Technica, November 24, 2014.
Dean Baker quoted on the Peterson Foundation in Alex Wayne, "Improving Health Care is Billionaire Peterson’s Next Mission" Bloomberg, November 21, 2014.
Regular contributionsDean Baker to Huffington Post.
Guest to discuss Obama's upcoming executive order on immigration on CNBC News Obama Knows GOP Will React Negatively: Pro, Dean Baker, November 20, 2014.
"Gripes about Excessive Regulations and Taxes Often are Baseless," Dean Baker, The Island Packet, November 20, 2014.
Dean Baker quoted on the effects of U.S. oil production in Jordan Weissman, "Liberals Were Wrong: Drilling for Oil Really Did Bring Down Gas Prices" Slate, November 18, 2014.
"The Problem of 'Stupid' in Economics," Dean Baker, OpEd News, November 18, 2014.
Dean Baker quoted on investing in renewable energy in Carrie Scherpelz, "Who Will Win Energy Race - U.S. or China?" The Cap Times, November 18, 2014.
Dean Baker quoted on refinancing in Ruth Mantell, "Why Cash-Out Refinancing, Which is on the Rise, Has Its Place " Market Watch, November 17, 2014.
Dean Baker's research on initiatives that would reduce U.S. income inequality discussed in Dylan Matthews. Dean Baker, "The Government is the Only Reason U.S. Inequality is So High," Washington Post, December 5, 2013.
Guest to discuss the fiscal debate and entitlements on MPR News, Dean Baker (with Lawrence Jacobs and Kevin Hassett), December 3, 2012.
"Work-Sharing Could Work for Us," Dean Baker (with Kevin Hassett), Los Angeles Times, April 5, 2010.
"How Global Trade Can Rein in Health Costs," Dean Baker (with Jagdish Bhagwati), CNNMoney, September 16, 2011.
"The Spurious Case against a Financial Transactions Tax," Dean Baker, International Relations and Security Network, November 2, 2011.
"Greece, Home of Democracy, Deprived of a Vote," Dean Baker, The Guardian, November 8, 2011.