Wharton School

How emotional contagion exacts a toll

From “Purell panic” to sold-out face masks, Wharton’s Sigal Barsade discusses how widespread panic is an emotional contagion amidst the coronavirus epidemic.

Penn Today Staff



In the News


Reuters

Delivery drivers face pandemic without sick pay, insurance, sanitizer

Matthew Bidwell of the Wharton School spoke about the pandemic-related changes to working conditions for contract employees. “It’s very sad because three weeks ago we were in a historically tight labor market,” he said. “It was forcing employers for the first time in a long time to offer more perks and more benefits. They no longer have that pressure.”

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The Washington Post

The GAO told the government in 2015 to develop a plan to protect the aviation system against an outbreak. It never happened

Howard Kunreuther of the Wharton School said good leadership is critical in preparing government agencies for catastrophic events. “You cannot deal with this at the level of just saying let each agency operate,” he said. “You need to have some way to bring them together and to indicate that this is a problem, which cannot be solved by one agency alone. That is something that leadership is going to have to suggest—‘This is the way to do it’—and we don’t have that right now.”

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The New York Times

Fed could bolster groups of businesses and localities with funds in G.O.P. bill

Peter Conti-Brown of the Wharton School said the Federal Reserve should avoid helping specific industries with emergency funding. The banking system has a “convenient set of easy tools that allow policymakers and politicians to skip the burden of their own accountability,” said Conti-Brown. “It’s the kind of set the Fed does not want to make today—which is to pick winners and losers.”

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The New York Times

Businesses face a new coronavirus threat: Shrinking access to credit

Krista Schwarz of the Wharton School spoke about how businesses are coping with the financial impact of the coronavirus pandemic. “Everyone is just trying to get by day to day at the moment,” she said. “Right now is not the time to grow the company—it’s the time to stay solvent.”

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Philadelphia Inquirer

Wharton will fast track a course on managing business during a pandemic crisis

Mauro Guillén of the Wharton School spoke about the School’s new online course Epidemics, National Disasters, and Geopolitics: Managing Global Business and Financial Uncertainty. “We’re covering every topic we think is relevant from a business or economic perspective,” he said. “The virus has become a global pandemic because we’re such an interconnected society. We’ll be looking at every possible angle.”

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