Research
Is There a Future for Heterodox Economics?
Paper | This paper assesses economics research and teaching frameworks in the United States by examining how knowledge is produced and ranked, the flaws and strengths of heterodox economic theory; and how students are trained, especially for careers in economic policy.
Policy Note | Unpaid care work — the vast majority of such work in the United States — is primarily shouldered by economically vulnerable people. The costs associated with unpaid care work compound existing economic insecurity, leading to higher rates of poverty in old age. It is essential to support informal caregivers by recognizing caregiving as work and expanding their access to social safety net programs and providing paid family care leave.
Policy Note | Up to 40 percent of middle-income workers are at risk of downward mobility into poverty or near-poverty in retirement because of an inefficient retirement system that disproportionately benefits those with high incomes. Universal retirement accounts and providing workers with more equitable and better targeted tax incentives are among the best methods to supplement Social Security and prevent downward mobility in retirement.
In this paper, we introduce a twofold role for the public sector in the Goodwin (1967) model of the growth cycle.
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.
Income in retirement has become increasingly based on individual financial assets rather than from Social Security.
Currently, there is an ideological commitment to individual asset building and an emphasis on individual wealth for retirement and superannuation.
Older women face worse age discrimination than men in the labor market.
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.
