Research At SCEPA
Economists Weigh In On Covid-19 And Inequality
PRESENTATION | In a presentation to the Pajara Valley Saves Lives Coalition, SCEPA Director Teresa Ghilarducci describes how Covid-19 is accelerating gaps in race, income and gender inequality and has created new ones in employment, education, and life expectancy.
The Stalled Jobs Recovery Pushed 1.1 Million Older Workers Out Of The Labor Force
RELAB POLICY NOTE | After a partial recovery between May and August, older workers’ labor force participation rate fell continuously, reaching its lowest point of the recession in January.
Working Longer Cannot Solve the Retirement Crisis
RELAB POLICY NOTE | Working longer is often proposed as the solution to the retirement crisis caused by older workers’ lack of retirement assets, but new research from SCEPA's ReLab shows this assumption doesn't match older workers' real experiences in the labor market.
Trends in Retirement Plan Access and Participation Rates
RELAB REPORT | New research shows regardless of the data source, retirement plan participation is low and stagnating.
How to Reverse the EU's Division and Support Recovery
ARTICLE | How the European Union (EU) can recover its sense of common purpose after the Covid-19 crisis exacerbated division between and among member countries.
The Political Economy of Cities
BOOK | In a forthcoming book about cities and inequality, SCEPA Senior Fellow Rick McGahey examines how economists think about cities, what they typically leave out, and what this tells us about the future for urban hubs such as New York City.
A New Approach to the Business Cycle
ARTICLE | SCEPA economists published research in an influential academic journal on the Keynesian multiplier, a hotly debated issue in progressive economics on the efficacy of fiscal policy and deficit spending in a recession.
How Risk Undermines TIF's Self-Financing Premise
WORKING PAPER | TIF’s self-financing rhetoric can be used to shift risk onto taxpayers.
A Policy Agenda for the Biden Administration: Protecting Older Workers & Strengthening Retirement Security
RELAB POLICY NOTE | COVID-19 and the resulting recession has made older workers — especially older people of color and low-income seniors — even more vulnerable to the systemic flaws of our failed retirement system.
Why Carbon Reduction Should Be a Public Service
ARTICLE | As the impacts of climate change – from wildfires to flooding – become impossible to ignore, calls to adapt our economy are joined by calls to remove and store existing carbon dioxide, a process known as carbon drawdown.
Older Workers Face Higher Unemployment Than Mid-Career Workers
RELAB POLICY NOTE | Unemployment rates for workers 55 and older exceeded those of mid-career workers for the length of the pandemic — the first time since 1973 such an unemployment gap has persisted for six months or longer.
Record Demand for Germany's Debut Green Bond
ARTICLE | From SCEPA economists studying the economic impacts of climate change and mitigation policies show green bonds have great potential to help countries across the world increase environmental investments and reach emission targets.
TIF Case Studies: California and Chicago
WORKING PAPER | While tax increment financing (TIF) is a common tool for municipalities to fund economic development, it is responsive to the legal, political, and economic environments of the locality in which it is implemented.
U.S. Retirement Plan Coverage Falls Even Farther
RELAB REPORT | New research shows that even before the COVID-19 recession, only 36% of workers ages 25-64 were participating in a retirement plan at work, a five percentage point decrease from five years prior.
Over Half of Unemployed Older Workers at Risk of Involuntary Retirement
RELAB POLICY NOTE | 2.9 million older workers left the labor force since March. These workers are at risk of having to retire involuntarily due to increased health risks coupled with decreased job prospects.
Chartbook: Retirement Insecurity and Falling Bargaining Power Among Older Workers
CHARTBOOK | ReLab's chartbook documenting retirement insecurity and the decline in older workers' bargaining power is a resource for workers, employers, media, policymakers, scholars, and the broader public to answer questions about the state of older working America and retirement income security.
The Illusory Benefit of Working Longer on Financial Preparedness for Retirement
RELAB WORKING PAPER | Contrary to the predictions of theoretical models, working longer does not significantly increase the share of older workers who are financially prepared for retirement.
Recession Worsens Inequalities in Job Safety Among Older Workers
RELAB POLICY NOTE | SCEPA's latest research finds that the COVID-19 recession worsens the inequality of job safety among older workers.
What is Tax Increment Financing (TIF)?
REPORT | Tax increment financing (TIF) is a popular but controversial financial tool used by local governments to fund economic development.