Economics

A study by R. Jisung Park of the School of Social Policy & Practice and colleagues finds that the rate of transition from “dirty” to green jobs is rapidly rising but older and blue-collar workers are being left behind.

Alex Arnon of the Wharton School says that the Inflation Reduction Act hasn’t been a significant factor in bringing down inflation.

Joseph Gyourko of the Wharton School says that high interest rates for mortgages are a burden on young people who don’t have the higher salaries of some older Americans.

Nina Harari of the Wharton School speculates on the connection between extreme heat from climate change and trends of civil conflict or violence.

Nikolai Roussanov of the Wharton School says that shelter rent inflation was lagging behind other categories a year ago because it’s slow to adjust.

Jeremy Siegel of the Wharton School notes a great deal of resilience in the U.S. economy and says that further rate hikes by the Federal Reserve aren’t necessary.

Pinar Yildirim of the Wharton School says that Threads’ parent company Meta has billions of users around the world and an ability to understand its customers through data collection.

Angel Alvarado of the School of Arts & Sciences says that remittances from abroad are crucial for the survival of Venezuelans under the autocratic and bankrupt government of President Nicolás Maduro.

Olivia Mitchell of the Wharton School explains why it’s difficult to judge the extent to which American seniors are falling behind in achieving a secure retirement.

R. Jisung Park of the School of Social Policy & Practice says that hotter temperatures appear to muck up the gears of the economy in many more ways than expected.