Research At SCEPA
Capitalists, Workers, and Managers
WORKING PAPER | This paper presents a simple three-class model in the Kaleckian tradition to investigate the implications of a dominant managerial class class for the dynamics of demand and distribution.
Minimum Wage Policy and Employment in the U.S. and France
WORKING PAPER | This paper compares trends in low pay employment in the US and France.
Rethinking Microeconomics: A Proposed Reconstruction
WORKING PAPER | The purpose of this paper is to demonstrate that the central empirical findings of microeconomics can be derived from a wide range of individual decision making modes.
A Critical Survey of Dodd-Frank and What is Needed for Europe
WORKING PAPER | In the aftermath of the 2007-2008 financial crisis, President Obama signed the Dodd–Frank Act into law on July 21, 2010.
State GRAs: A Low-Cost, Secure Solution to America's Retirement Crisis
RELAB ARTICLE | Instead of contracting out the insurance of the minimum guarantee on investments to a private insurance company, the state could back the guarantee.
Economic Growth and the Transition to Renewable Energy
WORKING PAPER | This working paper analyzes when and how we should transition to green energy.
Predicting German Recessions with a Composite Real-Time Dynamic Probit Indicator
WORKING PAPER | This paper proposes a compositie indicator for real-time recession forecasting based on alternative dynamic probit models.
Adopting a Currency Transaction Tax When Avoidance is a Possibility
WORKING PAPER | In agreement with much of the literature, this paper concludes that imposition of currency taxes, even by one country unilaterally, is now feasible.
A Two-Country Model of Current Account Imbalances and Economic Growth
WORKING PAPER | This paper builds a two-country stock-flow consistent model by com- bining a debt-led economy that emits the international reserve currency with an export-led economy.
Ecological Macroeconomics
ARTICLE | Ecological economics has not paid sufficient attention to macroeconomic theory and modelling.
Globalization as Coordination Failure
WORKING PAPER | This paper presents an(other) investigation of the links between growth and distribution.
Understanding Elderly Poverty in the United States
WORKING PAPER | This report contributes to a broader understanding of elderly poverty by examining the extent of elderly poverty using different poverty measures.
More Job Growth, But Threats Remain
This morning's release of the February monthly employment report shows steady job growth in the economy, but provides no reason to cut government spending or stop calling for more economic stimulus.
New York City and State Tax Expenditures for Defined Contribution Plans
RELAB WORKING PAPER | As defined benefit plans are replaced by defined contribution, workers in New York City and in the nation have less retirement security.
New York City & State Retirement Tax Expenditures
WORKING PAPER | As traditional pensions, or defined benefit plans, are replaced by defined contribution plans, workers in New York City and in the nation have less retirement security.
Transitioning to Renewable Energy
POLICY NOTE | Part of the public skepticism towards the transition to renewable energy and implementing mitigation policies is caused by the fear of job losses.
Are New Yorkers Ready for Retirement?
REPORT | This report, published by New York City Comptroller John C. Liu, reveals that a growing number of New Yorkers don't have enough money to retire.
New York's Retirees Falling into Poverty
WORKING PAPER | If current trends persist, nearly 750,000 workers approaching retirement who live in metropolitan areas of New York State, are projected to be poor or near poor in retirement.
Unemployed Older Americans
WORKING PAPER | While the harm caused by unemployment is unique to each person, this study focuses on the staggering variety of challenges and perils shared by older people.
Hysteresis in the Kaleckian Growth Model
WORKING PAPER | This paper studies the endogeneity of the normal utilization rate and the expected secular rate of sales growth empirically for the US manufacturing sector and its sub-sectors.