Economics

What’s the future of cities?

Before COVID-19, major U.S. urban centers were enjoying a resurgence. Now decreased occupancy has downtown economies and municipal budgets feeling the pinch. Wharton faculty research suggests that how cities navigate the next few years could be crucial.

Janine White for Wharton Magazine

First Fed rate cuts in four years

Wharton’s Peter Conti-Brown, a financial historian focused on central banking and policy, discusses the Fed’s recent, and likely last, key decision before the presidential election.

Nathi Magubane



In the News


Fortune

A former JPMorgan employee has accused the bank of obscuring the true size of its trading business to evade capital requirements

Itay Goldstein and David Zaring of the Wharton School comment on the Federal Reserve’s supervisory relationship with banks.

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CNBC

Trump’s plan to eliminate income taxes on Social Security benefits would help high-income households, report finds

According to a new analysis by the Penn Wharton Budget Model, eliminating taxes on Social Security benefits may reduce U.S. government revenues by $1.5 trillion over 10 years and increase the federal debt by 7% by 2054.

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USA Today

Wages are rising faster than inflation. Why are consumers still feeling the pinch?

Jesús Fernández-Villaverde of the School of Arts & Sciences says that the real wage of a person that spends much of their income on food and housing might not have kept up with their personal inflation.

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Newsweek

Donald Trump gets bad news about his Social Security taxes plan

A study by Kent Smetters of the Penn Wharton Budget Model and colleagues estimates that cutting taxes on Social Security benefits could cost the federal government $1.5 trillion during the next decade and exacerbate Social Security’s projected funding shortfalls.

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CNN

Forget 21 days. Most healthy new habits take at least two months to stick

Katy Milkman of the Wharton School explains how best to achieve goals and maintain new habits.

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Good Housekeeping

Six health resolutions that are actually good for your mind & body

Katy Milkman of the Wharton School says that combining something tempting with something that feels like a chore helps to do more of that chore.

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