Research At SCEPA
Growth, Income Distribution, and the ‘Entrepreneurial State’
WORKING PAPER | In this paper, we introduce a twofold role for the public sector in the Goodwin (1967) model of the growth cycle.
Maximum Entropy Estimation of Statistical Equilibrium in Economic Models
WORKING PAPER | In this paper we examine the class of models defined by a joint distribution of discrete individual actions and an outcome variable so that the joint distribution is underdetermined.
Labor Market Discrimination: A Bleak Outlook for Older Women
RELAB WORKING PAPER | Older women face worse age discrimination than men in the labor market.
Innovations in Protecting the Old
RELAB WORKING PAPER | Currently, there is an ideological commitment to individual asset building and an emphasis on individual wealth for retirement and superannuation.
Consequences of Financializing Pensions
RELAB WORKING PAPER | Income in retirement has become increasingly based on individual financial assets rather than from Social Security.
Regularities in Prices of Production and the Compositions of Capitals
WORKING PAPER | This paper argues that the combined effect of regularities in prices of production and the concentration of compositions of capitals produces the empirical regularities in relative prices.
Women’s History Month: Gender Pay Gap Contributes to Elderly Poverty Gap
BRIEF | The Bureau of Labor Statistics (BLS) today reported a 3.4% unemployment rate for workers age 55 and older in February, a decrease of 0.1 percentage points from January.
Republicans Move to Deny 63 Million People Coverage
BRIEF | The GOP-controlled House voted to rollback federal regulations supporting state efforts to provide retirement accounts to uncovered workers.
A Vertical Social Accounting Matrix of the U.S. Economy
WORKING PAPER | This paper offers an adaptation of the square social accounting matrix used in economic planning to the rectangular vertical transaction matrix used in post-Keynesian monetary economics.
Financial Stress, Regime Switching and Spillover Effects
WORKING PAPER | In this paper we develop a multi-regime global VAR model to study the spill-over effects in financial markets.
Lectures on the Foundations of Applied Statistical Inference
WORKING PAPER | This book aims to make explicit exactly what implicit assumptions about the informational state of the observer support frequentist analysis.
Socialist Alternatives to Capitalism I: Marx to Hayek
WORKING PAPER | This paper is the first of two following the history of thought on socialist alternatives to capitalism.
Socialist Alternatives to Capitalism II: Vienna to Santa Fe
WORKING PAPER | This paper is the second of two following the history of thought on socialist alternatives to capitalism.
Long-Run Variation in Capacity Utilization
WORKING PAPER | We develop a generic Kalecki-Robinson model of growth that illustrates the different channels through which the economy can adjust to a change in demand conditions in the long run.
Crisis and Theoretical Methods
WORKING PAPER | This talk explores methodological alternatives to macroeconomic analysis based on price-taking Walrasian intertemporal general equilibrium models.
Racial Gap in Older Workers’ Physical Demands on the Job Persists At All Wage Levels
BRIEF | The Bureau of Labor Statistics (BLS) today reported a 3.5% unemployment rate for workers ages 55 and older in January, a decrease of 0.1 percentage points from December.
Over Half of Low-Wage Older Workers Have Physically Demanding Jobs
RELAB REPORT | The Bureau of Labor Statistics (BLS) today reported a 3.6% unemployment rate for workers age 55 and older in December, an increase of 0.1 percentage points from November.
The "Magic Square" of Economic Policy
WORKING PAPER | The macroeconomic performance of eleven euro zone area countries is evaluated over time and across countries.
A Keynesian Dynamic Stochastic Disequilibrium Model
WORKING PAPER | A Dynamic Stochastic Disequilibrium (DSDE) model is proposed for business cycle analysis.
On the Possibility of an Enlarged Self-Definition of Economics
WORKING PAPER | This brief note explores the possibility of working towards an enlarged self-definition of economics through economists’ study and appreciation of economic sociology.