- On Capitol Hill
- On Wall Street
- In the Press
- Policy Reform Work
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.
SCEPA Faculty Fellow Sanjay Reddy's "Randomise This! On Poor Economic" reviews the highly influential and widely read book Poor Economics by Abhijit Banerjee and Esther Duflo for the Review of Agrarian Studies. Professor Reddy writes that the book captures the dominant view in development economics - which he disagrees with - for two reasons. First, because it presents randomized clinical trials as a scientific way of identifying “what works” in development. Second, because it emphasizes that individual households can make choices to overcome poverty. Reddy writes that the book fails to present an accurate picture of poverty or posit real solutions because it aims to "fix" the problem of poverty through small, technocratic interventions while neglecting larger issues of history, politics, and society.
Two recent articles feature SCEPA research as they shed light on the unfortunate trend emerging for Americans who hope to retire: downward mobility.
On February 16, 2013, The Washington Post ran the story, Fiscal Troubles Ahead for Most Future Retirees. The article quotes SCEPA Director Teresa Ghilarducci, "This is the first time that Americans are going to be relatively worse off than their parents or grandparents in old age." The article cites SCEPA's Retirement Income Security Project and its work documenting the failure of 401(k) accounts to adequately prepare Americans for retirement. It also makes note that a diversity of organizations found similar results in retirement trends, including the conservative Heritage Foundation and the Senate's Committee on Health, Education, Labor and Pensions.
On February 19, 2013, the LA Times ran, A Crucial Step Toward Retirement Security for the Working Class. Reporter Michael Hiltzik gives a succinct overview of California's new law to help low-wage workers save for retirement as well as the political challenges to enacting this common sense solution. The new plan is modeled after SCEPA's State Guaranteed Retirement proposal. Once implemented, California will expand access to retirement saving for more than six million people.