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Kristen de Groot
News Officer
krisde@upenn.edu
Economics
A Wharton expert examines $900 billion coronavirus pandemic relief bill
A Wharton expert examines $900 billion coronavirus pandemic relief bill
Penn Wharton Budget Model expert Richard Prisinzano breaks down what’s in the newly passed stimulus bill, what it means, and explains why many experts don't think that'll be enough to stave off an economic slide in the long run.
Exacerbating the health care divide
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.
Engaging Minds showcases Penn’s very best bringing theory to practice
Engaging Minds showcases Penn’s very best bringing theory to practice
Alumni tuned in from across the world to hear Daniel Gillion discuss the power of protests, Amy Castro Baker give a crash course on the impact of guaranteed income, and Ezekiel Emanuel detail the intricacies of distributing a COVID-19 vaccine.
A new vision for the Population Aging Research Center
A new vision for the Population Aging Research Center
For more than 25 years, PARC has been a hub for work on disparities in aging and mortality. Co-directors Hans-Peter Kohler and Norma Coe, who took over in July, want to expand its reach.
Black borrowers are hit hardest by the student debt crisis
Black borrowers are hit hardest by the student debt crisis
Released by the NAACP, a report by Penn GSE’s Jalil Mustaffa Bishop argues for the cancellation of student debt and reinvesting in institutions that serve the most Black students.
An analysis of President-elect Biden’s tax proposals
An analysis of President-elect Biden’s tax proposals
The Penn Wharton Budget Model takes a post-election look at the platform of President-elect Joe Biden and forecasts its potential effects on the economy.
Inside the pandemic’s health provider financial crisis
Inside the pandemic’s health provider financial crisis
In an LDI virtual seminar, experts from top hospital, health center, and primary care positions detailed the fiscal disruption and uncertain future created by the COVID crisis.
Disaster relief: Why the poor need higher priority
Disaster relief: Why the poor need higher priority
Wharton’s Carolyn Kousky discusses why low-income families struggle most following disasters, and outlines how to simplify receiving aid that truly helps.
Latin American Green New Deal
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.
Calculating the costs of school closures, reopenings
Calculating the costs of school closures, reopenings
The Penn Wharton Budget Model released a report that describes the anticipated loss of future wages for K-12 students as a result of lower-quality education from school closures.
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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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