- 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.
Joseph Tomlinson is an actuary and a financial planner with 25 years of experience working for John Hancock Financial Services. He completed his career there as vice president in charge of the annuity business. Ten years ago he decided to make a career move to work more directly with clients. He went through the education and examination process to become a Certified Financial Planner practitioner, and then set up Tomlinson Financial Planning, LLC. His focus as a planner has been on retirement planning working with retirees and others approaching retirement.
Over the past few years he has taken his extensive experience servicing his financial clients and applied it to research that helps understand the way financial products can be better formulated to help people retire securely. Many of the key features of his plans to reform retirement planning are based on the same principles that guide SCEPA Director Teresa Ghilarducci's proposed pension reform plans.
by Rick McGahey, SCEPA Faculty Fellow
Although it could change at the last minute, Republicans in Congress seem ready to bring about a shutdown of the federal government rather than compromise on spending cuts.
A short-term shutdown would probably not have huge economic effects, but a prolonged shutdown could shake up financial markets, as it would signal worse to come. The Republicans, who emphasize restoring business confidence as the key to economic recovery, are simultaneously threatening to shake the financial markets and hurt the economy through their brinkmanship over the budget.
How did we get into this mess?
The fierce battle in Wisconsin over public sector unions has renewed interest over the role of unions in society. In short, people are questioning the portrayal of unions as organizations serving only narrow special interests. And as the debate moves to other states such as Ohio, short-term victories in stripping collective rights are appearing to come with a cost: a political backlash against overreaching.
A new CBS / New York Times poll puts this issue front and center. Most Americans (by a margin of 2 to 1) disagree with efforts to curtail collective bargaining rights of public sector unions, even when almost half of those surveyed sit on fence on whether they view them favorably or unfavorably. Furthermore, a majority oppose cutting public employees' pay as a way to balance distressed state budgets.