ARTICLE | This article contributes to the literature on monopsony models by moving away from their emphasis on exogenous factors—worker preferences, incomplete information, and barriers— and focusing on these factors as the main drivers of monopsony power.

RELAB WORKING PAPER | Social Security “Catch-Up” contributions would allow workers to contribute an additional 3.1 percent of salary, starting at age 50, in return for enhanced benefits. The program would modestly reduce defacto elderly poverty and reduce the Social Security shortfall in the short run and be approximately actuarially neutral over 75 years.

POLICY NOTE | Tax increment financing (TIF) is a long-standing and popular public financing tool in the U.S., but it’s starting to jump its borders.

ARTICLE | The economy-climate interaction and an appropriate mitigation policy for climate protection have been treated in various types of scientific modeling. 

ARTICLE | This paper highlights the role of credit performance in shaping economic performance and sheds new light on both the Brazilian boom in the 2000s and the economic contraction since 2015. Its results suggest that an active stance on public credit would have been instrumental in speeding up the economic recovery.

RELAB POLICY NOTE | The green bond market is emerging as an impactful financing mechanism in climate change mitigation efforts. The effectiveness of the financial market for this transition to a low-carbon economy depends on attracting investors and removing financial market roadblocks.

RELAB POLICY NOTE | During the pandemic, many older workers did not leave their jobs voluntarily but got pushed out of the labor force. Since March 2020, the size of the retired population between ages 55 and 74 expanded beyond its normal trend by an additional 1.1 million people.

WORKING PAPER | This paper assesses the effects of dominant currency shocks (strong US dollar) on emerging markets by studying exchange market pressure (EMP) or foreign exchange (FX) liquidity, GDP growth, external debt, and inflation.

WORKING PAPER | New York City's Hudson Yards project includes heavily discounted property taxes for Hudson Yards developers.

RELAB REPORT | SCEPA's research finds that a significant part of the retirement boom consists of those we would otherwise expect to be working, given their employment a year earlier.

RELAB WORKING PAPER | This paper explores how Covid-19 affected the employment and retirement patterns of older workers, with special attention to the distribution of pandemic impacts on those 55 and older.

WORKING PAPER | Lack of meaningful action to mitigate climate change will disproportionally impact the vulnerable, including children who are being sent into the labor force to make ends meet for poor households hit by climate shocks.

WORKING PAPER | Since the early 1990s, disparities in Social Security claim ages has grown, with high earners increasingly likely to delay claiming. A SCEPA working paper explores the returns and effects of claiming Social Security earlier versus delaying claiming these benefits.

WORKING PAPER | Time spent unemployed can have a profound impact on the quality of a worker's life, future, and family. SCEPA's latest working paper focuses on gender and racial disparities in the time it takes to find work and how these periods are impacted by unemployment insurance.

RELAB POLICY NOTE | The Earned Income Tax Credit (EITC), a popular federal program that has been replicated in many states and lifts millions out of poverty, has historically excluded most older workers from receiving benefits at the same rate as their younger counterparts.

RELAB POLICY NOTE | SCEPA's research finds nearly 1.5 million low-income older workers would benefit from an expansion of the popular Earned Income Tax Credit (EITC) program. The report—released by our Retirement Equity Lab (ReLab)—finds without expanding the EITC, the program actually lowers wages among non-educated workers, especially those over 55.

RESEARCH | New research shows that even before the COVID-19 recession, 55.3 percent of workers age 55 and up in the bottom half of the income distribution were forced to leave the workforce and 32.4 percent in the next 40% of the income distribution – the middle class – were forced out of work in old age.

WORLD BANK REPORT | The World Bank published a reportauthored by a team of New School economists that investigates fiscal policies to help us move from a high-carbon economy to a low-carbon economy while minimizing financial instability.

POLICY NOTE | Since March 2020, the size of the retired population in the U.S. expanded beyond its normal trend by an additional 1.7 million people.¹

WORKING PAPER | The popular EITC program is credited with encouraging employment and reducing poverty. But a SCEPA working paper suggests it may also reduce wages for low-education workers, including older workers who do not receive EITC benefits at the same rate as younger workers.