4/22
Kristen de Groot
News Officer
krisde@upenn.edu
Economics
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.
Why low interest rates hurt retirees
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.
What drives household bankruptcy?
What drives household bankruptcy?
Wharton’s Sasha Indarte on her research on the roles of moral hazard and liquidity in household bankruptcy.
How the pandemic is affecting working mothers
How the pandemic is affecting working mothers
Wharton’s Janice Bellace discusses how unemployment during the coronavirus pandemic is affecting women so disproportionately.
How foreign purchases of U.S. homes impact prices and supply
How foreign purchases of U.S. homes impact prices and supply
According to a new paper authored by Wharton researchers, a lack of affordable housing in cities with job growth is exacerbated by foreign buyers.
Media Contact
In the News
The New York Times
We don’t see what climate change is doing to us
In an Op-Ed, R. Jisung Park of the School of Social Policy & Practice says that public discourse around climate change overlooks the buildup of slow, subtle costs and their impact on human systems.
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CNN
Here’s what would happen to the US economy if there are no rate cuts this year
Itay Goldstein of the Wharton School says stock market prices still reflect the expectation that the Federal Reserve will cut rates later this year, even with the recent selloff.
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The New York Times
Biden’s student loan repayment plan is being challenged. Here’s what to know
Kent Smetters of the Wharton School attributes $235 billion of the cost of the SAVE loan repayment plan to its increased generosity relative to existing plans.
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Inside Higher Ed
Report: Biden’s new debt relief plan estimated to cost $84 billion
According to economists at the Penn Wharton Budget Model, President Biden’s new plan to forgive some or all student loans for 26 million Americans would cost about $84 billion over 10 years.
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Kiplinger
Can money buy you happiness? Yes, it can. However…
Research by Matthew Killingsworth of the Wharton School reveals there is no monetary threshold at which money's capacity to improve well-being diminishes.
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MarketWatch
More high schools are requiring financial-literacy classes. The pandemic may have played a key role
In a co-authored journal article, Olivia Mitchell of the Wharton School explains when financial education is at its most effective.
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