12/15 Lunch: Jeffrey Kling, Associate Director for Economic Analysis, Congressional Budget Office and Faculty Research Fellow, National Bureau of Economic Research

Jeffrey Kling, Associate Director for Economic Analysis at the Congressional Budget Office, is an economist who joined CBO in July 2009. He has conducted research on public housing, incarceration, retirement security, Medicare’s prescription drug program, unemployment insurance, and other aspects of public policy in the United States. His work has been published in the American Economic Review, Econometrica, the Quarterly Journal of Economics, and elsewhere. Previously, he was the Joseph A. Pechman Senior Fellow and Deputy Director of Economic Studies at the Brookings Institution. From 1998 to 2005, he was a faculty member at Princeton University. In earlier government service, he was a special assistant to the Secretary of Labor and an assistant to the chief economist at the World Bank. He earned his Ph.D. in economics from the Massachusetts Institute of Technology, and his A.B. from Harvard University.

His presentation will focus on CBO’s use of evidence in the analysis of budget and economic policies. The presentation will addressed numerous questions, including:

* How does CBO make projections?
* What types of evidence does CBO use?
* How does CBO characterize uncertainty?

To provide a concrete example, he will discuss CBO’s analysis of proposals to limit costs related to medical malpractice, explaining how we incorporated social science research into our analysis. He will also discuss the types of evidence that CBO would be able to use more if they were provided by the research community, such as information from critical reviews, experiments, and demonstrations, as well as data that link administrative records about government programs with information from surveys of potential participants in those programs.