Brief— 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.
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—A group of professors, graduate students, and fellows at The New School for Social Research's Department of Economics assess economic research and teaching in the United States and identify three major barriers to the successful adoption of alternative economic theories in academia and the public discourse.
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.
Brief— 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.
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.
Research note— 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.