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Kristen de Groot
News Officer
krisde@upenn.edu
Economics
Post-pandemic retirement: Can we build more resilient systems?
Post-pandemic retirement: Can we build more resilient systems?
A report by the Penn Wharton Budget Model finds that the Social Security Trust Fund in the U.S. would run out of money in 2032 or 2034—between two to four years earlier than pre-pandemic projections.
Will coronavirus bailouts save the U.S. economy?
Will coronavirus bailouts save the U.S. economy?
A new paper by Wharton professor Tim Landvoigt weighs four policy scenarios for government relief measures in the wake of pandemic bankruptcies.
A unique recession amidst a global pandemic
A unique recession amidst a global pandemic
The U.S. economy officially entered a recession in February as the viral pandemic started its sweep across the nation. Francis Diebold and Jesús Fernández-Villaverde share why this one is unprecedented, and what to expect in the coming months.
How the COVID-19 lockdown is affecting India’s households
How the COVID-19 lockdown is affecting India’s households
The lockdown in India coincides with an already-existing period of economic distress. A new study finds that nearly a third of all households will not be able to survive beyond a week without state assistance.
Building capacity to combat COVID-19 in Africa
Building capacity to combat COVID-19 in Africa
Wharton School students, along with the Zicklin Center for Business Ethics Research, are issuing a call for proposals for a new initiative designed to aid in the fight against the coronavirus.
Already in fiscal crisis, rural hospitals face COVID-19
Already in fiscal crisis, rural hospitals face COVID-19
LDI’s Eighth virtual “Experts at Home” seminar on May 29 brought together top academic and government experts to discuss the impact of the COVID-19 pandemic on rural health and hospitals.
The politics of pandemics: Why some countries respond better than others
The politics of pandemics: Why some countries respond better than others
The capacity of a state and the degree of economic inequality among its residents will determine how it copes in a pandemic. Whether it is a democracy or a dictatorship matters relatively less.
Will the pandemic cause food shortages?
Will the pandemic cause food shortages?
Wharton’s Marshall Fisher examines what’s behind the supply chain disruptions in grocery stores, with suppliers experiencing production slowdowns due to the pandemic.
Higher education system faces the inequities COVID-19 exposes
Higher education system faces the inequities COVID-19 exposes
With pandemic budget cuts looming, Penn GSE’s Laura Perna says policymakers should prioritize low-income college students.
Penn Law’s key role in Pennsylvania 30 Day Fund for small businesses
Penn Law’s key role in Pennsylvania 30 Day Fund for small businesses
Penn Law and Wharton MBA students put their new skills to practice to help draft the Pennsylvania 30 Day Fund, which allocates forgivable loans to small businesses impacted by the pandemic’s economic downturn.
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In the News
The New York Times
We don’t see what climate change is doing to us
In an Op-Ed, R. Jisung Park of the School of Social Policy & Practice says that public discourse around climate change overlooks the buildup of slow, subtle costs and their impact on human systems.
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CNN
Here’s what would happen to the US economy if there are no rate cuts this year
Itay Goldstein of the Wharton School says stock market prices still reflect the expectation that the Federal Reserve will cut rates later this year, even with the recent selloff.
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The New York Times
Biden’s student loan repayment plan is being challenged. Here’s what to know
Kent Smetters of the Wharton School attributes $235 billion of the cost of the SAVE loan repayment plan to its increased generosity relative to existing plans.
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Inside Higher Ed
Report: Biden’s new debt relief plan estimated to cost $84 billion
According to economists at the Penn Wharton Budget Model, President Biden’s new plan to forgive some or all student loans for 26 million Americans would cost about $84 billion over 10 years.
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Kiplinger
Can money buy you happiness? Yes, it can. However…
Research by Matthew Killingsworth of the Wharton School reveals there is no monetary threshold at which money's capacity to improve well-being diminishes.
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MarketWatch
More high schools are requiring financial-literacy classes. The pandemic may have played a key role
In a co-authored journal article, Olivia Mitchell of the Wharton School explains when financial education is at its most effective.
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