Economics

Protesters and riot police stand on a street in Almaty, Kazakhstan, as smoke rises in the background

Kazakhstan unrest, explained

Philip M. Nichols of the Wharton School and the Russia and East European Studies program in the School of Arts & Sciences offers some background on the protests and violence and why what happens in Kazakhstan matters to the region and the world.

Kristen de Groot ・

Rideshare driver driving a passenger, both are wearing face masks.

Drivers in the gig economy

Lindsey Cameron, assistant professor of management at Wharton School, discusses key findings from her research on how drivers in the gig economy create ‘workplace games’ to find control and meaning in their work.

From Wharton Stories ・

Person sitting on a couch feeding a baby with a bottle.

Partnered, but still poor

Regina Baker, an assistant professor of sociology, challenges literature that touts marriage as a cure for poverty.

From OMNIA ・



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Kristen de Groot

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In the News


Newsweek

To win on inflation, Biden may first need two fix supply chain crisis and worker shortage

Itay Goldstein of the Wharton School said labor and supply chain issues caused by the pandemic are driving inflation. "At the end of the day, when you have a shortage of supply, prices also go up because a lot of people want to buy the same thing, but if it's not available, then prices start to go up," he said.

FULL STORY →

Newsweek

Stock market dips may be on horizon as Feds look to interest rate hikes to curb inflation

Itay Goldstein of the Wharton School spoke about the Federal Reserve’s efforts to curb inflation by increasing interest rates. "The steps that they need to take in order to bring inflation down are going to hurt the stock market and then potentially directly hurt the real economy with hiring, investments, and so on. It's really just finding the path that is going to cause the least accumulative damage," he said. "It's a highly sort of treacherous road ahead."

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Quartz

Can the White House actually do anything about high meat prices?

PIK Professor Herbert Hovenkamp said government subsidies for new industry entrants are usually not “a market solution” to high prices. “Eventually, you want to establish firms that can stand on their own two feet,” he said.

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Fortune

2022 will be ‘even crazier’ for crypto, a Wharton professor says

Kevin Werbach of the Wharton School says people shouldn’t be pushing to jump into holding crypto without better understanding it. 

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Technical.ly Philly

Crypto became ‘normalized’ in 2021. Here’s what to expect for the economy in 2022

Kevin Werbach, Susan Wachter, and Chris Geczy of the Wharton School are quoted on what’s to come in cryptocurrencies, plus real estate and inflation. 

FULL STORY →

Axios

College students have advice for Jerome Powell

Liza Brover, a senior in the College of Arts and Sciences, said the College Fed Challenge “is a window for the Fed to see how young people look at the economy. To that extent, people should care what we have to say about inflation and employment.”

FULL STORY →