Research At SCEPA
High Cost of Nudge and Efficiency of Mandatory Retirement Accounts
WORKING PAPER | This paper compares three ways to promote more retirement security through the tax code.
Errors from the “Proportionality Assumption” in Measuring Offshoring
WORKING PAPER | Offshoring has expanded rapidly in most industrialized countries. Impact on the labor markets in these countries has been the source of enormous debate in both scholarly and popular circles.
The Emperor's New Suit
WORKING PAPER | The recent revision of the World Bank’s global poverty estimates based on a new $1.25 (2005 PPP) poverty line underlines their unreliability and lack of meaningfulness.
French and U.S. Labor Market Performance and Employment Adequacy
WORKING PAPER | National labor market performance is conventionally judged on the basis of unemployment and employment rates.
Financial and Real Markets Pull Each Other Down; How Can Policy Reverse This?
WORKING PAPER | The causes of the present crisis are largely to be found in the unregulated development of new financial products and in the over-expansion of the financial sector.
Off-Shoring, Insecurity and the Protectionist Threat
POLICY NOTE | Many have made the connection between growing insecurity and globalization, and in particular, the outsourcing of jobs.
Unemployment Compensation and High European Unemployment
WORKING PAPER | Generous unemployment benefits lie at the heart of the conventional explanation for persistent high unemployment.
What is Driving Global Deflation and How Best to Fight It?
WORKING PAPER | The massive US stimulus that has just been enacted is liable to raise questions sooner or later about the viability of the dollar in financial markets.
Thresholds and Multiple Equilibria for Growth and Climate Change
WORKING PAPER | In this working paper, the authors analyze a basic growth model where they allow for global warming.
Economic Insecurity in the New Wave of Globalization
WORKING PAPER | This paper considers the effects of globalization on economic insecurity.
Re-specifying the Keynesian Income-Expenditure Model
WORKING PAPER | The paper provides a modification of the standard textbook income – expenditure model that better accounts for the effect of imports.
Global Warming and Economic Externalities
WORKING PAPER | This paper explains equilibrium concepts appropriate to modeling an un-corrected negative externality, such as climate change.
Energy Productivity, Labor Productivity, and Global Warming
WORKING PAPER | In this paper, Taylor explores the main drivers of climate change on a macro level, and also by country's level of income.
How to Solve the U.S. Housing Problem and Avoid a Recession
POLICY NOTE | The Federal Reserve pumping in more liquidity and the government’s fiscal “stimulus” plan does not directly address the housing insolvency problem for millions of U.S. households.
Shifting Sources and Uses of Profits
WORKING PAPER | This paper explores the interdependence of the processes of the globalization of production and financialization, to link the issue of corporate governance to supply-chain governance.
The Economic Fundamentals of Global Warming
ARTICLE | The costs of greenhouse gas mitigation can be shifted to future generations by reducing current investment, rather than by reducing current standards of living.
Productivity and Unemployment in the Short and Long Run
POLICY NOTE | The relationship between productivity growth and unemployment has been debated since the birth of classical economics.
The Vast Majority Income (VMI)
POLICY NOTE | GDP per capita and the Human Development Index are known measures of development, but are averages and thus conceal wide disparities in the overall population.
Exporting Processing Zones, Industrial Upgrading and Economic Development
WORKING PAPER | This paper discusses the expansion of EZPs in spite of growing international political and economic resistance and how they have transformed in the face of this resistance.
The Stagnation of Male Wages
POLICY NOTE | For typical American male workers, there has been no general rise in wages since the late 1960s, with only short periods of modest improvement.