Wharton School

Could increased immigration improve the US economy?

In an opinion piece from Alexander Arnon, senior analyst with the Penn Wharton Budget Model, he examines U.S. immigration policy and concludes that the largest positive impact on employment and GDP would come from increasing the net flow of immigrants.

Penn Today Staff

The virtual assistant

Artificial intelligence has permeated many corners of life, from consumer purchasing and media consumption to health care—sometimes in ways we don’t even know.

Michele W. Berger

Can artificial intelligence help answer HR’s toughest questions?

Wharton's Peter Cappelli and Prasanna Tambe discuss the challenges companies face when they outsource their Human Resources departments to AI, allowing algorithms to remedy imperfect human decision-making for hiring, firing, scheduling, and promoting.

Penn Today Staff

No evidence that testosterone reduces cognitive empathy

In the largest study of its kind, researchers found that testosterone administration did not affect cognitive empathy, a measure of the ability to recognize another’s feelings and motivations. The finding calls into question the theory that the symptoms of autism are caused by a hyper-masculinized brain.

Katherine Unger Baillie

Prepare for a slowdown, not a recession

According to Wharton finance professor Jeremy Siegel, a recession is inevitable, but when? Historic indicators of a recession are present, but demographic shifts make predictions less reliable.

Penn Today Staff



In the News


ABC News

US Federal Reserve cuts interest rates, here’s what that means for you

Krista Schwarz of the Wharton School said the last time the Federal Reserve lowered interest rates was in July. Since then, “the 30-year fixed rate has come down about .2%,” she said.

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The New York Times

Personality tests are the astrology of the office

Adam Grant of the Wharton School weighed in on the lack of evidence behind personality tests like the Myers-Briggs Type Indicator. Myers-Briggs and analogs create “the illusion of expertise about psychology,” he said.

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MarketWatch

Dear Mr. President, why is it a good thing if a 10-year Treasury note is worth less than a bag of dirt?

Jeremy Siegel of the Wharton School said the Federal Reserve should lower its rates but not to zero or a negative number, as President Trump has proposed. Negative rates, Siegel said, would mean that a recession was inevitable.

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Fortune

With states and the feds investigating Google and Facebook, the legal pressure is ramping up

PIK Professor Herbert Hovenkamp commented on states’ involvement in antitrust lawsuits against tech giants. “It’s ... not because the federal government isn’t doing enough,” he said. The states “want to get in the action, too.”

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Quartz at Work

What happens to tech workers when their skills become obsolete?

Prasanna Tambe of the Wharton School is contributing to research on how workers adapt when their specific skills are no longer in high demand.

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