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Kristen de Groot
News Officer
krisde@upenn.edu
Economics
Invested and engaged
Invested and engaged
In a Q&A, Executive Vice President Craig Carnaroli reflects on the University’s latest Economic Impact Report and the new effort to include an account of Penn’s civic engagement and impact on Philadelphia, its residents, and surrounding communities.
Guaranteed income increases employment, improves financial and physical health
Guaranteed income increases employment, improves financial and physical health
Results from the first year of the Stockton Economic Empowerment Demonstration show that guaranteed income drastically improves job prospects, financial stability and overall wellbeing of recipients.
Building diversity into the venture capital ecosystem
Building diversity into the venture capital ecosystem
A conversation with Wharton’s Stephanie Creary on the institutional roadblocks and funding gaps faced by minority and female founders.
Regardless of socioeconomic status, Black communities face higher gun homicides
Regardless of socioeconomic status, Black communities face higher gun homicides
In a Wharton study, chair of the Statistics Department Dylan Small says reasons for the disparity include institutional racism, underinvestment in communities, and housing segregation.
Where the economy falters, deaths from heart disease rise
Where the economy falters, deaths from heart disease rise
A new study finds that the diverging economic fortunes of different parts of the country is linked to differing death rates from heart disease and stroke among middle-aged Americans.
Honoring the life and legacy of a trailblazing civil rights activist
Honoring the life and legacy of a trailblazing civil rights activist
Penn Law is paying tribute to the legacy of Sadie T.M. Alexander, the first Black woman to graduate from the Law School, by launching three new full tuition scholarships created in her honor.
Evicted and infected: How the housing crisis could worsen the COVID-19 pandemic
Evicted and infected: How the housing crisis could worsen the COVID-19 pandemic
A research team found that evictions could lead to a considerable uptick in COVID-19 infections in U.S. cities. With rising eviction rates, COVID cases in Philadelphia could cause 53,000 additional infections.
Penn Wharton Budget Model analyzes cost of area school closures
Penn Wharton Budget Model analyzes cost of area school closures
The model shows students’ future wage losses in four Philadelphia-area counties far exceed cost to the community.
What Wall Street’s ‘short squeeze’ means for investors and regulators
What Wall Street’s ‘short squeeze’ means for investors and regulators
Wharton experts discuss the sharp surge in the stock prices of online video game retailer GameStop, and what comes next in the stock market.
How the U.S. Capitol attack is changing corporate values
How the U.S. Capitol attack is changing corporate values
The violent attack on the U.S. Capitol on January 6 was a “watershed moment” for businesses, forcing many to reconsider their civic responsibilities alongside their corporate values, says Wharton management professor Michael Useem.
Media Contact
In the News
The Atlantic
Stockton’s basic-income experiment pays off
Research by Amy Castro Baker of the School of Social Policy & Practice found that guaranteed income did not dissuade recipients from working, instead enabling stability and helping people get out of the cycle of poverty.
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The New York Times
Where have all the houses gone?
Benjamin Keys of the Wharton School spoke about the pandemic’s impact on the housing market. “The supply side is really tricky,” he said. “Who wants to sell a house in the middle of a pandemic? That’s what I keep coming back to. Is this a time you want to open your house up to people walking through it? No, of course not.”
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The Hill
Texas outages shed light on a different kind of infrastructure: Human
Dan Treglia of the School of Social Policy & Practice co-authored an op-ed calling for policymakers to invest in the U.S.’s human infrastructure: economy-sustaining low-wage workers. “Going back to the pre-COVID-19 status quo, in which nearly half of U.S. households and many of our essential workers were already struggling, cannot be the goal,” they wrote. “The recovery needs to restructure our economy so that it prioritizes the economic security, health, and safety of all people.”
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The New York Times
For women in economics, the hostility is out in the open
Ioana Marinescu of the School of Social Policy & Practice spoke about her experiences in giving talks at economics conferences. “The questions were incessant, but they were awesome questions from the top people in the profession,” she said.
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CNBC
Short sellers help stocks find their true values and expose fraud, despite the hate they receive
Sasha Indarte of the Wharton School weighed in on the practice of short selling, which has been sometimes blamed for drops in the stock market. “I think the main reason people dislike short selling is that something just feels bad about profiting from someone else’s failures,” she said. “Short sellers gain when someone else loses. It’s like if you took out an insurance policy against your neighbor’s home, and your neighbor’s home was destroyed.”
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WNYC Radio (New York City)
Will 2021 be the year of guaranteed income?
Amy Castro Baker of the School of Social Policy & Practice spoke about growing support for universal basic and guaranteed income policies amid the pandemic. “The bigger question around universal basic income versus guaranteed income is which one is more politically palatable right now in the United States,” she said.
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