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In The News

  • Penn Wharton PPI Faculty Affiliate, Professor Joseph Gyourko
    Professor Joseph Gyourko’s research from 2003 on land zoning and land use was used in the L.A. Times to explain the housing crisis in San Diego.

    “[Gyourko] reasoned that in a competitive market with low barriers to new supply, the price of a new house should be very close to the marginal, physical cost of construction, with older houses costing less than an industry index of construction costs (materials and labor).”
  • Ethan Mollick is the Edward B. and Shirley R. Shils Assistant Professor of Management at the Wharton School of the Univers...
    Faculty Affiliate Ethan Mollick discusses Tesla’s problems with returning the deposits of potential customers who no longer wish to purchase the upcoming Model 3 sedan.

    “A deposit says, I’m part of your team, I believe in you Tesla, I believe in you Elon. But it also hurts more when Tesla takes two months to return your money, instead of two weeks. It breaks the social contract, as much as it does any financial contract.”
  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen
    Professor Mauro Guillen writes for the World Economic Forum on why larger companies may be the most important drivers of innovation going forward.

    “Perhaps the single most important factor in the future development of technology will not be the process of innovation itself but how effectively companies align themselves with large transformations in the marketplace so that they can gain scale quickly.”
  • Professor Peter Conti-Brown.
    It turns out, most people don’t know and that could be a problem. Faculty Affiliate Peter Conti-Brown is worried about this.

    “People don’t quite know what the Fed does, but public trust in the Fed is at a historic low. It’s that combination that is dangerous.”
  • Penn Wharton PPI Faculty Affiliate, Professor Robert P. Inman
    Faculty Affiliate Robert Inman discusses the upcoming Trump infrastructure bill. He weighs the benefits and risks of public private partnerships, specifically.

    “You’ve got to make sure that [the private contractors] are not short-changing quality in favor of lowering costs in order to make money.”
  • Penn Wharton PPI Faculty Affiliate, Professor Robert P. Inman
    Faculty Affiliate Robert Inman weighs in on the controversial tax. He defends the projections surrounding the revenue expected by the city despite them being too optimistic. He says that getting within “85-90 percent of their projections is pretty good.”
  • The Philadelphia Skyline.
    Real Estate Professor and Faculty Affiliate Susan Wachter speaks with NBC Philadelphia about the current hot housing situation.

    “The impact of the lack of supply of owner housing means that millennials go to where they can go which is the rental market, and they drive up rents.”
  • Penn Wharton PPI Faculty Affiliate, Professor Jeremy Siegel
    Faculty Affiliate Professor Jeremy Siegel leads a discussion between Northwestern University Professors Robert Gordon and Joel Mokyr. 
  • Penn Wharton PPI Faculty Affiliate, Professor Howard Kunreuther
    Wharton Research co-authored by Faculty Affiliate Howard Kunreuther examines the potential for privatizing federal flood insurance. His research found that the National Flood Insurance Program (NFIP) often overcharges policyholders.
  • Penn Wharton PPI Faculty Affiliate, Professor Daniel Polsky
    Faculty Affiliate Professor Daniel Polsky’s research found that physicians are more likely to take on patients with private health insurance. He also found that their willingness to take on Medicaid patients was directly tied to reimbursement rates.
  • Penn Wharton PPI Faculty Affiliate, Professor Susan M. Wachter
    Professor Susan Wachter comments for NBC Philadelphia on how housing has become increasingly out of reach for Millennials. 

    “If you have a $50,000 income, you’re going to be able to afford a $200,000 house no problem, but that $200,000 house you could get in 2000, is maybe $300,000 today.”
  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    “This really has a very strong benefit for a variety of people. These things are really cheap and you get great protection.”

    Professor Olivia Mitchell discusses how lifetime annuities can be an important part of a retirement plan.
  •    Penn Wharton PPI Faculty Affiliate, Professor Scott E. Harrington
    “If you do things to lower costs you may have to pay the money back.”

    Professor Scott Harrington comments on the Senate Obamacare repeal bill and how it would affect the Medical Loss Ratio.
  • Penn Wharton PPI Faculty Affiliate, Professor Kevin Werbach
    “Once people are able to manage their identity, other possibilities open up. People will be able to band together in virtual countries and set their own rules.”

    Faculty Affiliate Kevin Werbach comments on how blockchain technology is changing systems of trust and the institutions on which that is based.
  • Faculty Affiliate David Zaring.
    Professor David Zaring writes in the New York Times about the new process of confidentially filing reports to the SEC prior to an IPO. The SEC has recently begun expanding this ability to more companies, which could create conflicts of interest.

    “The possibility that insider trading will occur does not mean the policy is a bad idea. But it does suggest that the commission will have to be vigilant in ensuring that its confidential reviews stay confidential.”
  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen
    Volvo recently announced that it would stop making cars that weren’t hybrids or electric powered vehicles after 2019. Faculty Affiliate Mauro Guillen considers it a bold move.
  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    Professor Peter Cappelli contributes to a piece analyzing the changing landscape around working-from-home policies in the private sector. He generally takes a nuanced take on the issue.

    “Is it a good thing or a bad thing? The answer is, it depends.”
  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen
    Faculty Affiliate Mauro Guillen speaks with Asia Times about the future of China, from a demographic and labor composition perspective. He sees China’s aging population as a real liability, saying:

    “I think the impact will be felt relatively quickly - in the next 10 or 15 years or so.”
  • Faculty Affiliate Mary-Hunter McDonnell.
    In a New York Times article on the experiences of those who speak out against unethical workplace practices, Faculty Affiliate Mary-Hunter McDonnell discusses the regrets that some whistleblowers feel. She elaborates on the repercussions that many face.

    “He said if he could relive it he wouldn’t have done it because it devastated his social life…. He was basically boxed out of the social world he had created for himself as part of his job.”
  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    A Knowledge@Wharton article looks into the problems that emanate from compensations systems. Faculty Affiliate Peter Cappelli, as the Director of the Center for Human Resources at Wharton, illustrates the changing landscape of salaries.

    “It is that we want pay to do lots of different things, some of which are in conflict…. So, we generated new systems, especially for executives, that based pay on firm performance and also individual performance. Then we opened up the labor market, with people being hired across companies. The focus shifted to basing pay on opportunities elsewhere.”
  • Penn Wharton PPI Faculty Affiliate, Professor Tom Baker
    In a recent paper by Penn Law’s Institute for Law and Economics written by Faculty Affiliate Tom Baker, the viability of robots as investment advisors is questioned. 

    “A robo-adviser will always provide the advice that it is programmed to provide.”
  •    Penn Wharton PPI Faculty Affiliate, Professor Scott E. Harrington
    Professor Scott Harrington is quoted in a piece on how startups are helping bring life insurance to the almost 40% of Americans who currently lack it. He points out that traditional insurance companies are working to remain competitive against an increasing number of startups in the space.
  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    Professor Peter Cappelli, a faculty affiliate, discusses the chance to the storied tech company’s change in policy with Knowledge@Wharton. 

    He applauds the company’s nuance, criticizing Yahoo’s effort earlier, “I think the problem here was really this kind of one-size-fits-all thinking. Is it a good thing or a bad thing? The answer is, it depends.”
  • Penn Wharton PPI Faculty Affiliate, Professor Kevin Werbach
    In an article focusing on recent developments in the blockchain-based cryptocurrencies, faculty affiliate Kevin Werbach shares some of his concerns about the products.

    He wants investors to ask themselves a simple question: “Why does this token add value? For something like Brave, which is trying to monetize attention as an alternative to the current Web advertising model, there’s a logical reason why the system uses tokens.”
  • Penn Wharton PPI Faculty Affiliate, Professor Ethan Mollick
    Professor Ethan Mollick, a faculty affiliate, comments on recent efforts in the recruiting sphere to fairly boost diversity. Unilever is trying out a strategy where entry level applicants will be evaluated based on how they perform on online games.

    “Games in recruiting have had ups and downs over the years,” Mollick said, at least in part because of the fact that, “every kind of game discourages some people and encourages others.”
  • Penn Wharton PPI Faculty Affiliate, Professor Daniel Polsky
    In a recent tweet, the President claimed that “Obamacare has led to fewer health insurance options for millions of Americans.” Professor Polsky found that to be partially true. 

    He states, “Fewer plan options will be available when compared to the early years of the Affordable Care Act.”
  • Penn Wharton PPI Faculty Affiliate, Professor Michael Useem
    Faculty Affiliate Michael Useem comments on the recent phenomenon, where legacy companies are struggling to compete with their silicon valley counterparts. He and others note that leadership plays an important role in this.

    He comments, “who ever thought Ford would be competing with Google? But they are, and Mark Fields wasn’t moving fast enough.”
  • Penn Wharton PPI Faculty Affiliate, Professor Ezekiel J. Emanuel

    Senate Republicans recently released their much-anticipated healthcare bill. The law that that bill seeks to replace is the Affordable Care Act, which was devised by Faculty Affiliate Ezekiel Emanual.
    He comments on some recent, negative statistics surrounding healthcare in the U.S. right now, “The problem is a lot of this uncertainty makes insurance companies nervous. When insurance companies are nervous, they do two things: they exit markets and they raise premiums. That’s exactly what you’re seeing.”

  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    Uber recently announced that they would add a tip function to their ridesharing app, in line with what their competitor, Lyft, has done. They continue to make changes without the leadership of Travis Kalanick.

    Faculty Affiliate Professor Peter Cappelli comments on the departed CEO’s affinity for President Trump, “the thing that is important to remember about Uber and Lyft is who their customers are. Almost all their customers and all their money come from urban areas, and those areas are Democratic.”
  • Uber's board may be eyeing an IPO.
    Faculty Affiliate Kevin Werbach comments for Politico on Uber’s future. The company recently let its CEO, Travis Kalanick, go, and is looking to right the ship.

    He makes a point about what would need to happen before an IPO: “the company would want to put its house in order first before going and doing an IPO, which would definitely include a willingness to resolve some of its disputes with localities.”

PENN WHARTON PPI
RESOURCE SPOTLIGHT:

  • <h3>HUD State of the Cities Data Systems</h3><p><strong><img width="200" height="200" alt="" src="/live/image/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg" class="lw_image lw_image482 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg 2x, /live/image/scale/3x/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg 3x" data-max-w="612" data-max-h="613"/>The SOCDS provides data for individual Metropolitan Areas, Central Cities, and Suburbs.</strong> It is a portal for non-national data made available through a number of outside institutions (e.g. Census, BLS, FBI and others).</p><p> Quick link: <a href="http://www.huduser.org/portal/datasets/socds.html" target="_blank">http://www.huduser.org/portal/datasets/socds.html</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Reserve Economic Data (FRED®)</h3><p><strong><img width="180" height="79" alt="" src="/live/image/gid/4/width/180/height/79/481_fred-logo.rev.1407788243.jpg" class="lw_image lw_image481 lw_align_right" data-max-w="222" data-max-h="97"/>An online database consisting of more than 72,000 economic data time series from 54 national, international, public, and private sources.</strong> FRED®, created and maintained by Research Department at the Federal Reserve Bank of St. Louis, goes far beyond simply providing data: It combines data with a powerful mix of tools that help the user understand, interact with, display, and disseminate the data.</p><p> Quick link to data page: <a href="http://research.stlouisfed.org/fred2/tags/series" target="_blank">http://research.stlouisfed.org/fred2/tags/series</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Aviation Administration: Accident & Incident Data</h3><p><img width="100" height="100" alt="" src="/live/image/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg" class="lw_image lw_image80 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg 2x, /live/image/scale/3x/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg 3x" data-max-w="550" data-max-h="550"/>The NTSB issues an accident report following each investigation. These reports are available online for reports issued since 1996, with older reports coming online soon. The reports listing is sortable by the event date, report date, city, and state.</p><p> Quick link: <a href="http://www.faa.gov/data_research/accident_incident/" target="_blank">http://www.faa.gov/data_research/accident_incident/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The Penn World Table</h3><p> The Penn World Table provides purchasing power parity and national income accounts converted to international prices for 189 countries/territories for some or all of the years 1950-2010.</p><p><a href="https://pwt.sas.upenn.edu/php_site/pwt71/pwt71_form.php" target="_blank">Quick link.</a> </p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>MapStats</h3><p> A feature of FedStats, MapStats allows users to search for <strong>state, county, city, congressional district, or Federal judicial district data</strong> (demographic, economic, and geographic).</p><p> Quick link: <a href="http://www.fedstats.gov/mapstats/" target="_blank">http://www.fedstats.gov/mapstats/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Congressional Budget Office</h3><p><img width="180" height="180" alt="" src="/live/image/gid/4/width/180/height/180/380_cbo-logo.rev.1406822035.jpg" class="lw_image lw_image380 lw_align_right" data-max-w="180" data-max-h="180"/>Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process.</p><p> The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that its economists and policy analysts produce each year. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. <strong>CBO provides budgetary and economic information in a variety of ways and at various points in the legislative process.</strong> Products include baseline budget projections and economic forecasts, analysis of the President’s budget, cost estimates, analysis of federal mandates, working papers, and more.</p><p> Quick link to Products page: <a href="http://www.cbo.gov/about/our-products" target="_blank">http://www.cbo.gov/about/our-products</a></p><p> Quick link to Topics: <a href="http://www.cbo.gov/topics" target="_blank">http://www.cbo.gov/topics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Center for Education Statistics</h3><p><strong><img width="400" height="80" alt="" src="/live/image/gid/4/width/400/height/80/479_nces.rev.1407787656.jpg" class="lw_image lw_image479 lw_align_right" data-max-w="400" data-max-h="80"/>The National Center for Education Statistics (NCES) is the primary federal entity for collecting and analyzing data related to education in the U.S. and other nations.</strong> NCES is located within the U.S. Department of Education and the Institute of Education Sciences. NCES has an extensive Statistical Standards Program that consults and advises on methodological and statistical aspects involved in the design, collection, and analysis of data collections in the Center. To learn more about the NCES, <a href="http://nces.ed.gov/about/" target="_blank">click here</a>.</p><p> Quick link to NCES Data Tools: <a href="http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4" target="_blank">http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4</a></p><p> Quick link to Quick Tables and Figures: <a href="http://nces.ed.gov/quicktables/" target="_blank">http://nces.ed.gov/quicktables/</a></p><p> Quick link to NCES Fast Facts (Note: The primary purpose of the Fast Facts website is to provide users with concise information on a range of educational issues, from early childhood to adult learning.): <a href="http://nces.ed.gov/fastfacts/" target="_blank">http://nces.ed.gov/fastfacts/#</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>NOAA National Climatic Data Center</h3><p><img width="200" height="198" alt="" src="/live/image/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg" class="lw_image lw_image483 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg 2x, /live/image/scale/3x/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg 3x" data-max-w="954" data-max-h="945"/>NOAA’s National Climatic Data Center (NCDC) is responsible for preserving, monitoring, assessing, and providing public access to the Nation’s treasure of <strong>climate and historical weather data and information</strong>.</p><p> Quick link to home page: <a href="http://www.ncdc.noaa.gov/" target="_blank">http://www.ncdc.noaa.gov/</a></p><p> Quick link to NCDC’s climate and weather datasets, products, and various web pages and resources: <a href="http://www.ncdc.noaa.gov/data-access/quick-links" target="_blank">http://www.ncdc.noaa.gov/data-access/quick-links</a></p><p> Quick link to Text & Map Search: <a href="http://www.ncdc.noaa.gov/cdo-web/" target="_blank">http://www.ncdc.noaa.gov/cdo-web/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>USDA Nutrition Assistance Data</h3><p><img width="180" height="124" alt="" src="/live/image/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg" class="lw_image lw_image485 lw_align_right" srcset="/live/image/scale/2x/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg 2x, /live/image/scale/3x/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg 3x" data-max-w="1233" data-max-h="850"/>Data and research regarding the following <strong>USDA Nutrition Assistance</strong> programs are available through this site:</p><ul><li>Supplemental Nutrition Assistance Program (SNAP) </li><li>Food Distribution Programs </li><li>School Meals </li><li>Women, Infants and Children </li></ul><p> Quick link: <a href="http://www.fns.usda.gov/data-and-statistics" target="_blank">http://www.fns.usda.gov/data-and-statistics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The World Bank Data (U.S.)</h3><p><img width="130" height="118" alt="" src="/live/image/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg" class="lw_image lw_image484 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg 2x, /live/image/scale/3x/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg 3x" data-max-w="1406" data-max-h="1275"/>The <strong>World Bank</strong> provides World Development Indicators, Surveys, and data on Finances and Climate Change.</p><p> Quick link: <a href="http://data.worldbank.org/country/united-states" target="_blank">http://data.worldbank.org/country/united-states</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Bureau of Economic Research (Public Use Data Archive)</h3><p><img width="180" height="43" alt="" src="/live/image/gid/4/width/180/height/43/478_nber.rev.1407530465.jpg" class="lw_image lw_image478 lw_align_right" data-max-w="329" data-max-h="79"/>Founded in 1920, the <strong>National Bureau of Economic Research</strong> is a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER is committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.</p><p> Quick Link to <strong>Public Use Data Archive</strong>: <a href="http://www.nber.org/data/" target="_blank">http://www.nber.org/data/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Internal Revenue Service: Tax Statistics</h3><p><img width="155" height="200" alt="" src="/live/image/gid/4/width/155/height/200/486_irs_logo.rev.1407789424.jpg" class="lw_image lw_image486 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/155/height/200/486_irs_logo.rev.1407789424.jpg 2x" data-max-w="463" data-max-h="596"/>Find statistics on business tax, individual tax, charitable and exempt organizations, IRS operations and budget, and income (SOI), as well as statistics by form, products, publications, papers, and other IRS data.</p><p> Quick link to <strong>Tax Statistics, where you will find a wide range of tables, articles, and data</strong> that describe and measure elements of the U.S. tax system: <a href="http://www.irs.gov/uac/Tax-Stats-2" target="_blank">http://www.irs.gov/uac/Tax-Stats-2</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>