Research At SCEPA
The Effect of Elder Caregiving on Labor Force Participation
RELAB WORKING PAPER | Unpaid eldercare provided by friends and family comes with costs to caregivers, including the limitations eldercare responsibilities may place on labor force participation and work hours.
Penn Station Redevelopment: Projected Tax Breaks & PILOT Revenues
WORKING PAPER | A report by SCEPA researcher Bridget Fisher and co-author Flávia Leite analyzes New York State’s proposal to redevelop Penn Station using a version of value capture financing.
Dominant Currency Shocks and Foreign Exchange Pressure in the Periphery
WORKING PAPER | This paper assesses the effects of dominant currency shocks (strong US dollar) on emerging markets by studying exchange market pressure (EMP) or foreign exchange (FX) liquidity, GDP growth, external debt, and inflation.
Hudson Yards' Commercial Subsidies: $1.1B
WORKING PAPER | New York City's Hudson Yards project includes heavily discounted property taxes for Hudson Yards developers.
Climate Shocks and Child Labor
WORKING PAPER | Lack of meaningful action to mitigate climate change will disproportionally impact the vulnerable, including children who are being sent into the labor force to make ends meet for poor households hit by climate shocks.
Are Social Security Benefits Actuarially Fair?
WORKING PAPER | Since the early 1990s, disparities in Social Security claim ages has grown, with high earners increasingly likely to delay claiming. A SCEPA working paper explores the returns and effects of claiming Social Security earlier versus delaying claiming these benefits.
The Duration of U.S. Joblessness and the Great Recession
WORKING PAPER | Time spent unemployed can have a profound impact on the quality of a worker's life, future, and family. SCEPA's latest working paper focuses on gender and racial disparities in the time it takes to find work and how these periods are impacted by unemployment insurance.
Who Does The Earned Income Tax Credit Benefit?
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.
How Risk Undermines TIF's Self-Financing Premise
WORKING PAPER | TIF’s self-financing rhetoric can be used to shift risk onto taxpayers.
TIF Case Studies: California and Chicago
WORKING PAPER | While tax increment financing (TIF) is a common tool for municipalities to fund economic development, it is responsive to the legal, political, and economic environments of the locality in which it is implemented.
Alternative Work and Reservation Wages
WORKING PAPER | 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.
Carbon Pricing Paired with Green Bonds
WORKING PAPER | SCEPA economists published a World Bank working paper arguing that both the carbon tax and green bonds are needed to mitigate climate change while sharing the cost across generations.
Social Unions Needed to Prevent Damage from Financial Crises
PRESENTATION | Economist Willi Semmler, director of SCEPA’s Economics of Climate Change project, gave a presentation in Sorbonne, Paris, as part of the Financial Regulation Lab (LabEx ReFi).
Institutionalist Review and Analysis of Immigration Effects on U.S. Jobs Markets
WORKING PAPER | Conventional economic analysis depicts the jobs market as finite, assuming immigration lowers wages and job prospects for American workers.
Economic Growth, Income Distribution & Climate Change
WORKING PAPER | This paper explores how climate damage affects the long-run evolution of the economy.
Demand Drives Growth All The Way
WORKING PAPER | How does effective demand, productivity growth, income, and wealth distributions influence and constrain the economy?
Economic Growth and Climate Change
WORKING PAPER | This working paper sheds light on the various theories which attempt to explain the relationship between economic growth and climate change.
Wages: The Baby Boomer Effect
WORKING PAPER | Do policies to keep older people working cause wage stagnation?
The Political Economy of Real Exchange Rate Behavior
WORKING PAPER | This working paper argues that the real relative unit labor cost is the main force that explains the long-run behavior of the real exchange rate.
An Entropy-Constrained Model of Induced Technical Change
WORKING PAPER | This paper proposes an entropy-constrained model of induced technical change (ITC) and estimates the innovation possibilities frontier (IPF) of the OECD countries.