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Economics

How price shocks in formative years scar consumption for life
Car parked between pumps at a gas station in the 1970s beneath a sign reading STANDARD OIL COMPANY.

How price shocks in formative years scar consumption for life

Teens who experienced gas price shocks of the 1970s drive less in later years, according to experts at Wharton and the Federal Reserve Bank of Philadelphia.

From Knowledge at Wharton

Trailblazing Penn alumna Sadie T.M. Alexander gets posthumous honor
Sadie Tanner Mossell Alexander outside Houston Hall in the early 20th century.

Sadie T.M. Alexander, seen here outside Houston Hall in the early 20th century, has been posthumously named a 2022 Distinguished Fellow by the American Economic Association. (Image: Courtesy of University Archives)

Trailblazing Penn alumna Sadie T.M. Alexander gets posthumous honor

The American Economic Association named Alexander, who earned economics and law degrees at Penn a century ago, a 2022 Distinguished Fellow.

Kristen de Groot

Can the U.S. avoid a recession?
Arrow pointing downward superimposed over a graph of data points.

Can the U.S. avoid a recession?

Many economists are warning of a recession, while Wall Street bulls are saying those fears are overblown. Wharton experts weigh in on what’s ahead for the U.S. economy.

From Knowledge at Wharton

A Wharton initiative championing global change
Screen shot of virtual meeting with various people on camera and some off-camera.

The Zicklin Center for Business Ethics Research at the Wharton School, Penn, and its many partners issued a call for proposals for an initiative: Building Capacity to Combat COVID-19 in Africa: Ideas and Innovations from Young Entrepreneurs. (Image: Ideas for Action, The Wharton School)

A Wharton initiative championing global change

The Ideas for Action Wharton undergraduate student club is a joint initiative with the Zicklin Center for Business Ethics Research to engage youth around the world in developing solutions to global challenges.

Dee Patel

Penn Wharton Budget Model looks at immigration and macroeconomics
Outside of  a U.S. & Immigration building.

Penn Wharton Budget Model looks at immigration and macroeconomics

New research from the Penn Wharton Budget Model finds increasing legal immigration in the U.S. leads to long term fiscal benefits, while policies which legalize unauthorized immigrants increase government debt.

Dee Patel