Economics

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.

Katherine Unger Baillie

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.

From Knowledge@Wharton



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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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