Research At SCEPA
Since Reagan, Older Workers in Rust-Belt States Flipped from Economic Winners to Losers
BRIEF | The Bureau of Labor Statistics (BLS) today reported a 3.5% unemployment rate for workers age 55 and older in November, a decrease of 0.2 percentage points from October.
The Natural Interest Rate and Secular Stagnation
WORKING PAPER | This paper reviews literature and theory on macroeconomics' use of the "natural" interest rate.
Women are the Majority of Workers in 7 out of 10 Low-Paying Jobs for Older Workers
RELAB POLICY NOTE | The Bureau of Labor Statistics today reported an unemployment rate of 3.7% for workers aged 55 and older in October. However, the unemployment rate fails to reflect the increasing concentration of older workers in low-wage service jobs.
How Guaranteed Retirement Accounts Work
BRIEF | Guaranteed Retirement Accounts would supplement an expanded Social Security.
Debt and Sub-Saharan Africa
ARTICLE | Aleksandr Gevorkyan, assistant professor of economics at St. John’s University, and Ingrid Harvold Kvangraven, New School economics student, published an article in the Review of Development Economics.
The Financialization of GDP and its Implications for Macroeconomic Debates
WORKING PAPER | This paper builds on recent research focusing on the financialization of GDP.
Gender and Racial Disparities in Physical Job Demands of Older Workers
RELAB POLICY NOTE | Policy proposals to cut Social Security benefits by increasing the normal retirement age from 67 to as high as 76 ignore the persistent physical demands older workers face.
Real Exchange Rate, Effective Demand, and Economic Growth
WORKING PAPER | This paper seeks to assess the effects of an undervalued currency on economic growth.
Capital and the Hindu Rate of Growth
WORKING PAPER | This paper finds that a combination of policies and shocks were able to significantly depress the personal wealth of the Top 0.1% between 1961-1986.
More than 1 in 10 Older Workers Who Want a Job are Unemployed or Underemployed
RELAB POLICY NOTE | This morning’s job report from the Bureau of Labor Statistics (BLS) calculates a 3.6% unemployment rate for workers age 55 and older in September, an increase of 0.1 percentage points from August.
Financing Climate Change Mitigation: Green Bonds
WORKING PAPER | The United Nation’s 2016 Paris Agreement, negotiated by 195 countries, creates a framework for keeping global temperatures from rising more than 2 degrees celsius. The next task is determining how to pay for it in a fair way.
Informational Performance and Competitive Capital-Market Scaling
WORKING PAPER | This paper develops a systemic interpretation of the functioning of capital markets that formally accounts for the observed frequency distribution of Tobin’s q.
The Principle of Social Scaling
WORKING PAPER | This paper motivates the content and analytical significance of processes of “social scaling” in competitive economic settings.
Reading the General Theory as Economic Sociology
WORKING PAPER | This paper argues that given certain self-definitions and key defining features of economic sociology, Keynes's work can be read and interpreted as a text in economic sociology.
“Older Workers at a Glance” Provides a Full Picture of the Labor Market for Near Retirees
RELAB POLICY NOTE | The historically low headline unemployment rate for older workers - 3.5% in August according to today’s BLS jobs report - is frequently cited as evidence that people can can continue to work if they have inadequate retirement income.
Reducing Inequality Through Social Security
RELAB WORKING PAPER | This paper supports the need to focus not only on ensuring Social Security’s solvency for future generations, but building the program’s ability to support all working Americans.
Long-Term Care Insurance: A Lousy Deal
BRIEF | On August 14, 2016, Financial Times' reporter Alistair Gray describes consumer "fury" over insurance companies' efforts to increase premiums for long-term care, sometimes doubling the cost.
A Lifetime of Stagnant Wages for the Middle Class Makes it Harder to Save for Retirement
BRIEF | The July unemployment rate for workers over 55 is 3.7%, an increase of 0.2 percentage points from last month.
Unlike Prior Recoveries, Older Workers Face Wage Stagnation After the Great Recession
BRIEF | The unemployment rate for older workers was 3.5% in June, increasing by 0.1 percentage points from May.
Are Philadelphians Ready for Retirement?
RELAB WORKING PAPER | Workers across the country face a retirement crisis. However, workers in Philadelphia are faring worse than average.