Research

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Paper | This paper models economic output jointly with health outcomes as they pertain to the COVID pandemic, finding that a continuously varying control (i.e. the lockdown intensity) fares better than sporadically taken discrete-time decisions with lockdown intensity staying constant over some time intervals. 

This paper proposes a new type of tax to help finance (and accelerate) the green transition.

Article | Value capture schemes sound simple in theory – future revenues pay debt issued to cover upfront costs. But in practice, these financing mechanisms are highly complex and, as a result, can have unintended consequences on municipal finances. Research from SCEPA’s Critical Public Finance project published in the Journal of the American Planning Association (JAPA) offers a new frame to evaluate TIF projects based on the tool’s potential to create, capture, & destroy value.

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. Employers have compelling profit reasons to create monopsony conditions and create labor market frictions.

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.