Economics

Jeremy Siegel of the Wharton School says that the economy’s current stability is the reason for the Fed not to change one of its fundamentals by cutting interest rates.

An analysis from the Wharton School finds that a new fedearl law will leave households in low-income and some middle-income categories “worse off” overall.

Joseph Gyourko of the Wharton School and a colleague write that “local barriers to construction increasingly determine where America grows.”

The Penn Wharton Budget Model estimates that eliminating income taxes on Social Security benefits would lower federal revenue by $1.5 trillion over 10 years and increase the federal debt by 7% by 2054.

Jesús Fernández-Villaverde of the School of Arts & Sciences says that, as people in developing countries move from rural areas to cities, their economic opportunities expand and children become less crucial as a source of agricultural labor.

According to Susan Wachter of the Wharton School, there’s a growing Gen Z divide between those with stable jobs or financial support who can afford to buy a home in today’s expensive market and those who are priced out of homeownership and the rental market.

Britta Glennon of the Wharton School says that India has built its economy around services and software engineering, skill types that the U.S. economy tends not to have.

Manav Raj of the Wharton School says that there’s a sense of diminished job opportunities among students working on their MBAs.

Benjamin Keys of the Wharton School says that a persistent climate imprint will have a serious, long-term effect on house prices and other asset values.

The Penn Wharton Budget Model has helped develop a financial calculator that shows what each American will pay if Republican tax cut legislation passes the House.