- On Capitol Hill
- On Wall Street
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- 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.
All eyes are on Paris. The United Nations is working to secure a historic, legally binding international climate change agreement at its December meeting of the UN Framework Convention on Climate Change (UNFCCC) in the City of Lights.
But the negotiations have already begun. Governments are submitting their mitigation and adaptation plans. Scientists put forward a statement on the essential elements of a plan. And in May, Paris will host a climate summit with business interests. The anticipation for an agreement is building, and so is the pressure on the UN. How will they make the promise a reality?
Selwin Hart, Director of the UN Secretary-General's Climate Change Support Team, joined SCEPA on May 11th to present, "The Road to Paris and Beyond: Creating a Climate Change Agreement that Works." Hart shared his insider point of view on the UN's efforts to mobilize the support necessary to secure an agreement. He will also share the UN's vision to ensure it works, including a framework for a multilateral, rules-based climate regime.
The lecture was followed by a presentation on "The Oxford Handbook of the Macroeconomics of Global Warming" by SCEPA Faculty Fellow Willi Semmler and New School economic alumnus Lucas Bernard, Professor of Business at CUNY's College of Technology. The handbook analyzes the economic impact of global warming and how the responses to it - including preventative measures, adaptation policies and international agreements - affect growth, sustainability and society. With articles from over 50 different scholars, it considers how these consequences differ between developed and developing nations.
The event was hosted by SCEPA's Economics of Climate Change Project, led by New School Professor of Economics Willi Semmler, and is generously supported by the Fritz Thyssen Foundation and the Macroeconomic Policy Institute (IMK).
On April 21, 2015, William "Sandy" Darity presented "Does Racism Make You Sick?: Health, Wealth, and Race in America" at SCEPA's Annual Robert Heilbroner Memorial Lecture on the Future of Capitalism. Sandy Darity is the Samuel DuBois Cook Professor of Public Policy, African and African American Studies, and Economics and the Director of the Duke Consortium on Social Equity at Duke University. His research focuses on inequality by race, class and ethnicity.
Anwar Shaikh, Professor and Chair of the Economics Department at The New School for Social Research
Teresa Ghilarducci, Professor and Director of Schwartz Center for Economic Policy Analysis
Darrick Hamilton, Associate Professor of Urban Policy at The New School for Public Engagement
This week's Worldly Philosopher, Ismael Cid-Martinez, reveals the challenges older workers face in the labor market.
Last month the unemployment rate for workers age 55 and over dropped to 3.9% from 4.3%. This fall obscures the challenges older workers continue to face in the labor market - prolonged unemployment and underemployment. This reality means that those who can find jobs often accept lower pay, poorer working conditions and reduced benefits.
Since the Great Recession, the unemployment rate of older workers has not shown a consistent recovery. Instead, it has been up and down. In December of 2007, it was 3.2%, but four years into the recovery in December of 2013 it was 5.1%. A year later, it fell below 4%, only to climb back to 4.3% by February of this year.
Not only do workers of older ages experience inconsistent employment opportunities, they are also victim to prolonged joblessness. Last month's job numbers show jobseekers between the ages of 55 to 64 spent an average of 43.7 weeks actively looking for work and those 65 years and older 42.6 weeks. In 2014, nearly half (45%) of older workers were unemployed for 27 weeks or more, making up the second largest group among the long-term unemployed.
These long periods of unemployment are eroding the bargaining power of older workers. AARP's Public Policy Institute confirmed this in a recent survey examining how unemployment affected workers between the ages of 45 and 70 over the past five years.
AARP's results show that older workers are not finding work that reflects an extension of their careers.