Economics | Penn Today

Notice taped to front door that reads FINAL NOTICE TO VACATE IMMEDIATELY.

How to strengthen housing safety nets

U.S. homeowners and renters need stronger safety nets than existing social insurance programs provide to prevent housing insecurity during economic downturns.

Biden's corporate tax plan takes aim at income inequality

Alexander Arnon of the Penn Wharton Budget Model commented on the Biden administration’s proposed 21% tax on multinationals’ foreign earnings. The tax “effectively spells the end of the tax haven as we have come to know it,” said Arnon.

Two senior citizens look at a calculator while seated at a table covered in paperwork.

Why older Americans are taking on more debt

Older Americans are accumulating more debt as they near retirement, according to research from the Wharton School that reveals a troubling trend in personal finance among people in their 50s and early 60s.

Gloved hand administering a blood sugar finger test to a hand of an African American person.

Racial, gender, and socioeconomic factors linked to likelihood of getting diabetes treatment

Penn Medicine researchers show Black, Asian, female, and lower-income patients with diabetes receive less sodium-glucose cotransporter 2 inhibitors compared with overall trends.

Penn Wharton Budget Model examines President Biden’s American Jobs Plan

The Plan proposals, if passed, are expected to raise $2.1 trillion in revenue by 2030 and decrease the federal debt by 6.4% by 2050.

Unemployment is high. Why are businesses struggling to hire?

Ioana Marinescu of the School of Social Policy & Practice co-authored a study that found that every 10% increase in unemployment benefits received corresponds to a 3% decline in jobs applied to. “Right now what seems to be happening is that job creation is outpacing the search effort that workers are putting forth,” she said.

Understanding and addressing barriers to COVID vaccine acceptance

Different communities have different reasons for wanting to wait on this shot. Getting to the heart of those concerns can help meet people where they are.

Biden says he’s willing to compromise on his infrastructure plan but will not tolerate ‘doing nothing’

An analysis by the Penn Wharton Budget Model estimates that President Biden’s tax plans, which eliminate subsidies for fossil fuel companies, would raise $2.1 trillion over 10 years. The plan would also spend $2.7 trillion in that time frame and invest in programs that would help the economy function better.

Wharton’s Olivia S. Mitchell on financial well-being

Leading economist and Wharton professor Olivia S. Mitchell discusses key findings from her new research on financial well-being among Black and Hispanic women.

Landlords are waiting for rent payments—and some can’t hold on much longer

A survey conducted by Vincent Reina of the Stuart Weitzman School of Design found that property owners are dealing with late rent payments and trouble filling vacancies amid the pandemic, challenging their ability to pay mortgages, property taxes, and maintenance expenses.

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