Research At SCEPA
Worldly Philosopher: Policy Debates In A Post-Piketty World
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Raphaele Chappe, writes on the policy implications of Thomas Piketty's analysis on inequality.
The Triumph of the Rentier?
WORKING PAPER | Taylor builds a model of growth and income distribution that shows Piketty's gloomy prediction of an ever greater share of income going to the rich to be far from inevitable.
How 401(k) Plans Make Recessions Worse
RELAB WORKING PAPER | This study concludes that 401(k)-type retirement plans exacerbate recessions.
Worldly Philosopher: Must the Rich Grow Richer? Long-Term Trends in the Capital Share in Income
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Gregor Semieniuk, writes on the theoretical assumptions underlying Thomas Piketty's forecast of a growing share of income going to the rich.
Worldly Philosopher: A Debate on Mainstream Economics: A Gadget is a Dangerous Thing
WORLDLY PHILOSOPHER | by Worldly Philosopher Anthony Bonen
Worldly Philosopher: The Digital Revolution's Energy Costs
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Gregor Semieniuk, writes on the trade-off between increased computing power and climate change.
Worldly Philosopher: The Social Cost of Carbon as a Lower Bound for Policy
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Anthony Bonen, writes on economists' contribution to efforts to mitigate against climate change.
Wage Increases, Transfers, and the Income Distribution
WORKING PAPER | Authors examine large public financial flows that are both progressive and regressive, and construct tax and transfer programs that could be more beneficial for all.
Worldly Philosopher: Is the 'Better Off Budget' an End to Austerity as We Know It?
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Katherine Moos, writes on austerity and the social safety net.
Retirement Readiness in New York City
RELAB POLICY NOTE | This report documents the consequences of declining employer-sponsored plans in New York City.
Worldly Philosopher: Income Inequality and Demand Side Limitations
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Rishabh Kumar, writes on the wealth inequality debate.
Worldly Philosopher: The Cost of Climate Change - More Than Disasters
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Anthony Bonen, writes on the economic and social costs of unmitgated climate change.
Worldly Philosopher: Rising Wealth Inequality - New Facts
WORLDLY PHILOSOPHER | This week's Worldly Philosopher, Raphaele Chappe, writes on the increasing inequality in free-market dynamics.
Are Minnesota Workers Ready for Retirement?
RELAB WORKING PAPER | This report finds that only a bare majority of workers in Minnesota have access to retirement accounts at work.
Financial Sector and Output Dynamics in the Euro Area
WORKING PAPER | This paper analyzes the feedback mechanisms between economic downturns and financial stress for several euro-area countries.
Economic Damages from Climate Change
WORKING PAPER | This working paper clarifies one of the most important aspects in evaluating the SCC in IAMs - the damage function - which maps environmental changes to economic impacts.
The New Racial Gap: Longevity in the Retirement Years
POLICY NOTE | In 1950, the United States could claim racial equity in one important respect - both black and white American men who reached age 65 could expect to live to 77.
A Bayesian Latent Variable Mixture Model for Filtering Firm Profit Rate
WORKING PAPER | This paper examines the distribution of profit rates in the United States using firm-level data to examine the theory of the equalization of the rate of profit.
The Role of Financial Stress in Debt and Recovery
POLICY NOTE | This research contradicts the highly cited Rienhart and Rogoff study, which states that debt higher than 90% of GDP will negatively affect a country's economic growth.
Greenhouse Gas and Economic Growth
PRESENTATION | Taylor's presentation provides a long-run analysis of economic growth and CO₂ emissions.