Education, Business, & Law

How gender and racial biases are hurting economics

Following a survey released this month by the American Economic Association that reveals a disturbingly high level of gender bias in the field, Wharton’s Olivia S. Mitchell discusses the effects of gender and racial biases in the field of economics.

Penn Today Staff

In Ethiopia, new perspectives on the challenges of development

PIK Professor Ezekiel Emanuel and Assistant Professor Heather Schofield led a group of Wharton students on a four-day trip to Ethiopia, for a close-up look at the African nation’s health, agricultural, business, and political sectors.

Gwyneth K. Shaw

Nostalgia is not enough: Why consumers abandon legacy brands

Legacy brands like Sears, Payless ShoeSource, and Toys “R” Us are shuttering their doors as customers abandon longstanding consumer mainstays. Despite customers having emotional connections to certain stores, “It is more like these brands are breaking up with the customers,” says Santiago Gallino of the Wharton School.

Penn Today Staff



In the News


Bloomberg

Wharton professor on turning responsible investing interest into sales

Cait Lamberton of the Wharton School discussed the decision-making behind sustainable investing. “At the end of the day, the question for the consumer has to be, ‘If I do this, what changes in the world? What will be different because I took this action?’ And it doesn’t even have to be something large; it has to be something concrete,” she said.

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Science

Medical groups push to save institute that helps doctors and patients choose the right treatment

PIK Professor Ezekiel Emanuel said PCORI, a government-funded research institute, wasn’t “bold enough” in dealing with drug companies and went “way overboard” with its patient engagement efforts.

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The Washington Post

Corporate debt nears a record $10 trillion, and borrowing binge poses new risks

Krista Schwarz of the Wharton School said that the current state of affairs, in which corporations have taken on significant high-risk debt, will amplify any economic downturn. “It’s going to make everything happen faster, larger, worse,” she said. “The recession would just be that much deeper.”

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Quartz India

Can Paytm make every cent of its $1 billion funding round really count?

Kartik Hosanagar of the Wharton School said that Vijay Shekhar Sharma, founder of India’s fintech company Paytm, “likely has low equity holding on a percentage basis. But the company’s valuation is very high so his stake in Paytm is still worth a lot on paper.”

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Quartz

Three MBA admissions heads explain why record numbers of women are going to business school

Blair Mannix of the Wharton School spoke about the business school’s supportive environment. “People on the outside of the community and culture think it’s a competitive environment, but if you speak to anyone who’s a member of it, it’s extremely collaborative,” she said.

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