Economics

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

Why low interest rates hurt retirees

Low interest rates means lower returns for retirement accounts, underfunded pensions, and early Social Security draws for retirees, according to Wharton’s Olivia Mitchell.

From Knowledge@Wharton

What drives household bankruptcy?

Wharton’s Sasha Indarte on her research on the roles of moral hazard and liquidity in household bankruptcy.

From Knowledge@Wharton

How immigrants expand the U.S. economy

Wharton’s J. Daniel Kim discusses his research, which draws on census data to draw an accurate picture of immigration and entrepreneurship in the U.S.

From Knowledge@Wharton



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In the News


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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The New York Times

The Fed’s $4 trillion lifeline never materialized. Here’s why

Peter Conti-Brown of the Wharton School said that if economic conditions worsen the Federal Reserve would “stop pointing to the fact that it has a fire hose. It’s going to take it out and turn it on.”

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CNBC

As the presidential election approaches, experts warn ‘risks are definitely on the horizon for investors’

Nikolai Roussanov of the Wharton School spoke about how November’s election will affect the stock market. “I only see more uncertainty ahead, because this election is probably going to be close and the result is not going to be settled for quite some time,” he said. “I would say the risks are definitely on the horizon for investors.”

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Bloomberg

Stay-at-home orders more effective on virus than closing businesses

Research by the Wharton School’s Kent Smetters, Alexander Arnon, and John Ricco found that shelter-in-place orders did more to combat the coronavirus than business closures and at a lower economic cost.

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CNBC

$300 unemployment benefits end in at least 9 states as stimulus hopes fade

Ioana Marinescu of the School of Social Policy & Practice spoke about the absence of a second stimulus detail and its impact on unemployed Americans. “This is going to be hardest on more disadvantaged, lower-income individuals and communities of color because they’ve been disproportionately impacted by job loss,” she said. “Also, a dollar means more to a poor person than a rich person. Losing those precious dollars is really a meaningful loss for those people.”

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CBS News

Trump alma mater says Biden plan would lead to more economic growth

A new analysis by the Wharton Budget Model found that Joseph Biden’s proposals on education, infrastructure, and health care would boost the U.S. economy and largely pay for themselves. "If you got the U.S. on this path, you would lower the debt and raise GDP," said Richard Prisinzano. "It is productive spending that Mr. Biden is proposing."

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