Working Paper—The popular EITC program is credited with encouraging employment and reducing poverty. But a SCEPA working paper suggests it may also reduce wages for low-education workers, including older workers who do not receive EITC benefits at the same rate as younger workers.
Brief— Workers at all earnings levels would benefit from expanding Social Security. SCEPA proposes defaulting workers into “Catch-Up” contributions, where— starting at age 50— they would contribute an additional 3.1% of their salary.
Adding green bonds to current carbon taxes is the most effective strategy to achieve global environmental goals, according to research by SCEPA economist Willi Semmler and economists at the Economics Research Institute in Berlin (DIW).