Economics

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

The politics of health inequality

The eight major Democratic candidates for president agree that Americans need expanded and more affordable health care. According to Julia Lynch, none of their proposed plans will solve the problem of heath inequality in the U.S.

Kristen de Groot

Vincent Reina on housing, barriers, and what we need from housing policy

New challenges to the housing market and its policies are “unprecedented,” say the Penn Design professor. He outlines potential improvements to the country’s largest affordable rental housing programs and the possibility of retrofitting housing to help reduce utility cost burdens.

Penn Today Staff



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In the News


MarketWatch

Man who called Dow 20,000 at end of 2015 says these are the 4 steps needed for a bona fide stock-market recovery

Jeremy Siegel of the Wharton School said the stock market may have hit its bottom last week. Indicators of recovery include fiscal stimulus, flattening the curve, vaccine developments, and deadlines for economic normalcy.

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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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Newsweek

Coronavirus paid sick leave bill ‘does not go far enough’ and leaves many workers unprotected, economists warn

Ioana Marinescu of the School of Social Policy & Practice spoke about the role of paid sick leave in preventing the spread of COVID-19. “Not paying sick leave may allow some businesses to stay afloat, instead of laying off everybody and therefore lowering employment,” she said. “But on the other hand this would spread the epidemic more, further compromising the economy and threatening the same businesses.”

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WHYY (Philadelphia)

Coronavirus cash: Is now the time to ‘go big’ with a basic income relief package?

Amy Castro Baker of the School of Social Policy & Practice spoke about the cash-assistance program proposed by the Trump administration. “There has been a body of research that’s being built up in the policy space for a long time around the idea of cash transfers,” she said. “We know that’s the most efficient way to respond to natural disasters.”

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CBS News

Driverless trucks being tested right now on public roads

Steve Viscelli of the School of Arts and Sciences spoke about the impact of driverless trucks on the trucking industry. “I’ve identified two segments that I think are most at-risk. And that’s refrigerated and dry van truckload. And those constitute about 200,000 trucking jobs,” he said. “And then what’s called line haul, and they’re somewhere in the neighborhood of 80,000-90,000 jobs there.”

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Vice

This is how we’ll live when the government gives us all a basic income

Ioana Marinescu of the School of Social Policy & Practice compared the effects of a system of universal basic income to the lives of lottery winners, who often receive their winnings in installments. “Whether in the U.S. or Sweden, most of [the winners] kind of keep doing what they were doing before but feel more comfortable. Most people keep working, take a bit more vacation, feel more financially secure, and that’s about it,” she said. “It suggests that the changes are not enormous, except for the fact of feeling more financially secure.”

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