Economics | Penn Today

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.

As the presidential election approaches, experts warn ‘risks are definitely on the horizon for investors’

Nikolai Roussanov of the Wharton School spoke about how November’s election will affect the stock market. “I only see more uncertainty ahead, because this election is probably going to be close and the result is not going to be settled for quite some time,” he said. “I would say the risks are definitely on the horizon for investors.”

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.

Aging couple looking at financial papers and a laptop with concern at a kitchen table.

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.

Parent at a coffee table looking at a laptop while holding a calculator, two small children sit on a couch behind them.

What drives household bankruptcy?

Wharton’s Sasha Indarte on her research on the roles of moral hazard and liquidity in household bankruptcy.

Parent holding a baby in one arm while sitting at a table with a laptop.

How the pandemic is affecting working mothers

Wharton’s Janice Bellace discusses how unemployment during the coronavirus pandemic is affecting women so disproportionately.

Stay-at-home orders more effective on virus than closing businesses

Research by the Wharton School’s Kent Smetters, Alexander Arnon, and John Ricco found that shelter-in-place orders did more to combat the coronavirus than business closures and at a lower economic cost.

$300 unemployment benefits end in at least 9 states as stimulus hopes fade

Ioana Marinescu of the School of Social Policy & Practice spoke about the absence of a second stimulus detail and its impact on unemployed Americans. “This is going to be hardest on more disadvantaged, lower-income individuals and communities of color because they’ve been disproportionately impacted by job loss,” she said. “Also, a dollar means more to a poor person than a rich person. Losing those precious dollars is really a meaningful loss for those people.”

Trump alma mater says Biden plan would lead to more economic growth

A new analysis by the Wharton Budget Model found that Joseph Biden’s proposals on education, infrastructure, and health care would boost the U.S. economy and largely pay for themselves. "If you got the U.S. on this path, you would lower the debt and raise GDP," said Richard Prisinzano. "It is productive spending that Mr. Biden is proposing."

cartoon of exaggerated crowded city with different kinds of buildings

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.

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