Economics

Exacerbating the health care divide

With rates of diagnoses and death disproportionately affecting racial minorities and low-income workers, experts from the School of Arts & Sciences address how COVID-19 has further exposed already dire health outcome inequalities.

From Omnia

Latin American Green New Deal

Daniel Aldana Cohen, an assistant professor of sociology in the School of Arts & Sciences, organized and moderated an event on the Latin American Green New Deal, rethinking recession recovery and carbon emissions reduction.

Kristina García



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In the News


The New York Times

There’s a way Biden can raise more from the rich without higher taxes

Natasha Sarin of the Law School and the Wharton School said investing in the I.R.S. would generate a greater payoff to the treasury. “The I.R.S. doesn’t have the resources it needs to go after the big fish,” she said. “That puts undue burden on everyone else.”

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Bloomberg

Should Biden go big on public housing?

Daniel Aldana Cohen of the School of Arts & Sciences made an argument for a significant investment in public housing infrastructure, which would create jobs and relieve inequity. “There is no doubt that there is a lack of high-quality, healthy, affordable housing in disadvantaged communities,” he said.

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Los Angeles Times

Good vaccine news and a flurry of stock sales by executives. There’s a pattern, study finds

Daniel Taylor of the Wharton School said it’s rare for corporate executives to cash out their stocks prior to releasing a highly anticipated product, as the CEOs of Pfizer and Moderna did last month. “They’re selling a vaccine that people are already skeptical of,” Taylor said. “There is a point when the actions of the executives will affect what people think of the vaccines themselves.”

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The Wall Street Journal

‘Just a start’

Sylvain Catherine of the Wharton School and a University of Chicago colleague argued that “untargeted” student debt forgiveness wouldn’t do much to benefit low-income earners. “Households in the top 30% of the earnings distribution receive almost half of all dollars forgiven,” they wrote.

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The New York Times

The quiet architect of Biden’s plan to rescue the economy

Rich Prisinzano of the Penn Wharton Budget Model said economist Ben Harris’ experience with budget models has helped him develop tax plans for a Biden administration that would raise revenue without relying on wealth taxes. “They tax the same people and the same income as Warren and Sanders, they just do it through the existing tax code,” Prisinzano said.

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Bloomberg

A Hoover study claiming Biden would harm the economy has critics

Richard Prisinzano of the Penn Wharton Budget Model said a study from the Hoover Institution attributes post-2026 tax increases to Joseph Biden, when in actuality the increases are already a part of existing laws. “I’m trying not to be overly partisan, but I think they’ve put their thumb on the scale in that way,” he said.

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