- 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.
On October 3, 2014, SCEPA hosted a discussion with Thomas Piketty, leading economist and best-selling author of "Capital in the Twenty-First Century." This is a brief interview prior to the discussion in which Piketty shares his unique view on economic science and what it means to be an economist.
On September 30, 2014, PBS Frontline won an Emmy Award for their documentary 'The Retirement Gamble,' that aired on April 23, 2014. The piece investigates the financialization of retirement savings via 401(k)-type accounts and the resulting erosion of an individual's ability to retire.
SCEPA Director Teresa Ghilarducci and Demos Senior Policy Analyst Robert Hiltonsmith, a New School alumni, were interviewed on their work documenting the structural failure of the 401(k) and its corresponding high fees. Ghilarducci states, "The 401(k) is one of the only products that Americans buy that they don't know the price of it. It's also one of the products that Americans buy that they don't even know it's quality."
SCEPA's report 'How 401(k) Plans Make Recessions Worse' describes how the structural flaws of 401(k)-type retirement plans exacerbate recessions in comparison to annuity-backed retirement accounts. The latter, including definied benefit plans and Social Security, serve as automatic stabilizers because they stabilize the economy during both recessions and expansions.