Our projects are designed to empower policy makers to create positive change. With a focus on collaboration and outreach, we provide original, standards-based research on key policy issues.
SCEPA joined with the Economic Policy Institute on Capitol Hill to brief congressional staff and policy experts on tax expenditures, or incentives given through the tax code without scrutiny by Congress.
SCEPA economists are working on the prospects for a more progressive economic order to emerge from the shock of the recession. They have published papers and documents that place current events in a longer-term context as well as policy proposals to deal with short-term concerns. They are also documenting the emerging discussion of how the discipline of economics is reacting to the Great Recession and the questioning of conventional economic analysis.
Lance Taylor, a SCEPA Faculty Fellow, presents an overview of his new book, Maynard’s Revenge, in a Google Tech Talk.
The book, published this November by Harvard University Press, is a timely analysis of mainstream macroeconomics, posing the need for a more useful and realistic economic analysis that can provide a better understanding of the ongoing global financial and economic crisis.
The government spends $143 billion through tax breaks in an effort to expand pension coverage and security. Yet, over half of the American workforce does not have a pension. Retirement insecurity hurts business plans, workers’ lives and retiree well-being. Reform is needed.
SCEPA’s Guaranteeing Retirement Income Project, sponsored by the Rockefeller Foundation and in collaboration with Demos and the Economic Policy Institute, has a plan to guarantee safe and secure retirement income for all Americans.
- Published on Monday, June 11, 2012
The Labor and Employment Relations Association (LERA) will publish a paper by SCEPA RA Lauren Schmitz in their 64th Annual Preceedings. The publication is based on Schmitz's presentation of the paper at the organization's annual meeting in January. LERA is a distinguished assocation of labor and employment relations professionals working to share ideas and learn about new developments, issues, and practices in the field.
Schmitz's paper, "How Policymakers and State Pension Funds Can Help Prevent the Coming Retirement Income Crisis," describes an impending crisis in U.S. workers' ability to retire and describes SCEPA's State GRA plan as a solution. Analysis in this paper reveals that 43% of U.S. workers currently ages 25-64 will not have the adequate resources they need to retire with dignity at age 65. SCEPA proposes that state legislatures mitigate this shortfall by giving workers who lack access to a retirement plan through work the opportunity to invest in a professionally managed, portable, individual cash-balance account with the state pension fund. At retirement, workers would have the option of converting their savings into an annuity—a guaranteed stream of income for life—to supplement other benefits
- Published on Monday, June 04, 2012
Jeff Madrick, a senior fellow at SCEPA, reviews three recent books on Obama's health care law in the New York Review of Books. In "Obama & Health Care: The Straight Story," he uses the three narratives - from a professor at Princeton, a grassroots activist, and a former Kennedy advisor - to provide an analysis of the history of health care reform efforts and the battle to pass the historic Affordable Care Act (ACA). These three prospectives take us through Obama's negotiating tactics, Tea Party town hall infiltrations, and Republican strategy memos to provide support for Madrick's conclusion that the ACA can - and must - survive if the U.S. Supreme Court overturns the mandate that appears to hold all the details together.
Madrick writes, "On balance, the ACA is a significant legislative achievement. Many thought Obama should postpone his campaign for health reform when he took office in order to deal with the collapsing economy. The authors of these three books disagree. Even without the individual mandate, Medicaid under the ACA will be expanded dramatically to enroll another 15 million or so Americans. Those under twenty-six would still be able to stay on their parents' health plan. The state exchanges may entice more people to sign up for insurance when the advantages of policies are made clear to them, which may in turn increase competition among insurance companies."