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In The News

  • Assistant Professor of Healthcare Management, Professor Atul Gupta

    When the Affordable Care Act was passed in 2014, it allowed states to expand Medicaid services. One of the states that was impacted by this new measure was California.  With other researchers, Wharton Professor Atul Gupta discovered that “…half of the funds that went to California’s Medicaid expansion simply replaced benefits from pre-existing state and county health care programs.” Their discovery challenges whether the expansion of Medicaid services increased the overall health of California’s residents.

  • William Maul Measey Professor of Law,  Professor Tom Baker

     

    Amid the strong correlation between football and head injuries, one of the biggest issues for the National Football League is finding an insurance partner to cover CTE-related symptoms. Penn Law Professor Tom Baker suggests that “When insurance companies do act like regulators, they do it because of the liability. And the bigger the liability, the more they have a potential to earn a return for acting like regulators.”

  • Edward B. Shils Professor of Law, Professor of Political Science, Professor Cary Coglianese

    Penn Law Professor Cary Coglianese offers his perspective regarding the lack of regulatory work in the Federal Register, which was greatly impacted by the most recent government shutdown. He argues “The people who produce the analysis and provide the legal justification for these rules, they’re not there to process the public comments, think through and work with the Office of Management and Budget.” In this case, Coglianese suggests that it is important to separate the opinions of policymakers and those of the public.

  • The Saul P. Steinberg Professor of Management, Professor of Psychology, Professor Adam Grant

    One of the subjects highlighted at the 2019 World Economic Forum in Davos was workplace productivity. Wharton Professor Adam Grant argues that “[r]educed working hours bolster the quality of labor and creativity”. He also implies that reduced working hours could lead to greater global economic outputs.

  • Wharton Professor Peter Conti-Brown
    In a discussion on the board practices of the Federal Reserve, Wharton Professor Peter Conti-Brown provides a historical account of the rotational voting system implemented by the Federal bank. 
  • Wharton PPI, Professor Cary Coglianese
    In a discussion on carbon tax legislation, or lack thereof, Penn Law Professor Cary Coglianese examines the covert ways in which climate change has actually incurred an unfair and often disparate charge on US citizens due to events such as property damage from natural disasters and depreciating air quality following mass fires. 
  • The Saul P. Steinberg Professor of Management, Professor of Psychology, Professor Adam Grant

    At the World Economic Forum in Davos, Wharton Professor Adam Grant offers his perspective of the “Fourth Industrial Revolution”, which is the ever-growing influence of technology in the workplace. Grant argues that the future working world “requires a new focus on skills” and not necessarily on education. In conjunction with other labor leaders and executives at the conference, Grant implies that organizations have the responsibility of retraining employees to help them prepare for jobs of the future.

  • George W. Taylor Professor, Professor of Management, Director of Center for Human Resources, Prof...

    Can HR be agile? Wharton Professor Peter Cappelli dissects this complex question. He contends that it depends on the use of the term”agile”. If the term”agile” is used as an adjective, he argues that it is similar to flexible business operations. Instead, Cappelli implies that one should consider the term “agile” as a noun. He asserts that agile is best defined as efficient business practices. Depending on the organizational structure, he also suggests that agile operations may not be necessary.

  • George W. Taylor Professor, Professor of Management, Director of Center for Human Resources, Prof...

    Wharton Professor Peter Cappelli describes the actions of HumanTouch CEO Moe Jafari, who is cutting his pay because of the current government shutdown. Cappelli suggests that Jafari’s noble actions are crucial to form a sound company culture. Besides culture, Cappelli implies that the reputation of an organization is “…through stories and events”.

  • Professor David Reibstein

    Wharton Professor David Reibstein provides his perspective of the new Gillette ad that challenges one’s understanding of masculinity. He argues that if a company feels passionate about a certain issue, then it should not be afraid of negative publicity. Besides the social and moral aspects of the advertisement, he implies that there may be an economic incentive for Gillette to promote a commercial, which is influenced by the masculine theme.

  • Assistant Professor of Business Studies and Legal Ethics, Professor Peter Conti-Brown

    Legal and Business Ethics professor Peter Conti-Brown is featured in this Knowledge@Wharton podcast regarding the financial risks of the banking industry in the new year. Conti-Brown suggests that “We’re seeing a set of spectacular risk-taking around legal liability that is, and continues to be, very troubling.” Furthermore, he argues that strong financial oversight is needed to prevent another economic collapse.

  • Assistant Professor of Legal Studies and Business Ethics, Professor Peter Conti-Brown

    In this Bloomberg article, Wharton Professor Peter Conti-Brown is featured in the discussion of whether President Trump has the authority to fire Federal Reserve Chair Jerome Powell. Because of the lack of clarity in the United States Constitution, the Federal Reserve has been treated as an organization that “rests on custom and tradition rather than bedrock law.” Henceforth, there has not been any judicial policies enacted regarding the President and the Federal Reserve.

  • Wharton Professor Mauro Guillen
    In the wake of Teresa May’s catastrophic Brexit defeat, Wharton Professor Mauro Guillen reflects on the lessons to be learned from the ordeal. First, departure from major trade organizations is not only difficult but also often unfavorable especially when geographic proximity compromise Europe-dependent industries that are central to the British economy. 
  • Associate Professor of Legal Studies and Business Ethics, Professor David Zaring

    In this Knowledge@Wharton Podcast, Wharton Professor David Zaring highlights the impact of the current government shutdown on IPOs. Unlike previous government shutdowns, Zaring indicates that the Securities and Exchange Commission does not have access to funds that would allow the organization to remain in operation. With a closed SEC, Zaring implies that some companies may have to wait for their respective Initial Public Offerings(IPOs). Furthermore, Zaring emphasizes that the government shutdown also negatively affects investors who have placed funds into certain startups.

  • The regulatory focus is on evaluating the effects of a potential decrease in selling side competi...
    In a discussion on the US’ labor monopsony problem, Wharton Professor Ioana Marinescu highlights the how mergers can result in increased market concentration which subsequently influences wage stagnation. Read more about her research and recommendations into proposed antitrust efforts here: 
  • Professor of Legal Studies and Business Ethics, Professor Kevin Werbach

    In this Economist interview, Wharton Professor Kevin Werbach explains the nature of blockchain technology. He argues that its effectiveness is dependent upon the political and social environments of a society. Werbach also indicates that practical regulations are needed for the technology to be innovative. 

  • Guardsmark Professor, Professor of Legal Studies & Business Ethics, Professor of Management, ...
    In a recent op-ed, Wharton Professor Eric W. Orts offers an alternative solution to appropriation in the Senate, suggesting the status quo of one-state, two senators needs to be revamped.  His suggestion is to, “allocate one seat to each state automatically to preserve federalism, but apportion the rest based on population.”
  •  Wharton PPI Faculty, Professor Kevin Werbach
    In a discussion on the promises of 10G cable internet speeds, companies tout the potential uses and need for this technology, but Wharton Professor Keven Werbach questions how its utility will actually be received by the public. 
  • Wharton PPI Faculty Affiliate, Professor Howard Kunreuther
    In a discussion on the increasing burden of CFO’s to become responsible for natural disasters, Wharton Professor Howard Kunreuther explains how disaster preparedness actually provides significant long term returns for companies
  • Professor of Legal Studies and Business Ethics, Professor Kevin Werbach

    Wharton Professor Kevin Werbach is not convinced of Overstock’s actions by paying Ohio state taxes in bitcoin. He indicates that Overstock’s tactic is a “PR-stunt” to make people believe that the state of Ohio is “crypto-currency friendly”. Also, he suggests that paying state taxes in bitcoin provides no benefit to Overstock.

  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    In a discussion on imminent challenges that face employers in 2019, Wharton Professor Peter Cappelli highlights the need for organizations to update workplace sexual harassment policies based on the various state legislations mandating different requirements. 
  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    Wharton Professor Olivia Mitchell discusses her research that establishes an inverse correlation between age and patience, where in which, the older people get, the less patient they become. Based on these findings, Professor Mitchell speculates how this could partially explain the lack of preparedness (financial, health related, and otherwise) amongst the older generation and its profound consequences. 
  • Penn Wharton PPI Faculty Affiliate, Professor Cary Coglianese
    In light of investigations into former Interior Secretary Ryan Zinke’s conduct, legal experts note the complications raised by a proposed rule from the department that would limit the authority of the Freedom of Information Act. However Penn Law Professor, Cary Coglianese points out how under similar circumstances during the Obama administration, no such actions were honored. 
  • Joel S. Ehrenkranz Family Professor, Professor of Finance, Professor of Economics, Coordinator of...

    In this PBS article, Wharton Professor Itay Goldstein analyzes the causes of the stock market dive in 2018. To prevent another economic downturn, he asserts that the Federal Reserve must reduce the interest rate cautiously.

  • Albert Sussman Professor of Real Estate, Professor of Finance, Professor Susan M. Wachter

    Wharton Professor Susan M. Wachter examines new loans that are currently being offered to purchase new homes. Two particular loans that she analyzes are the “interest-only adjustable rate” and “ability to repay loan”.  Professor Wachter asserts that not only are these loans risky, but that they are dependent upon the supply and demand of their respective housing markets.

  • Assistant Professor of Operations, Informations, and Decisions, Professor Alex-Rees Jones

    In an interview on the Knowledge@Wharton radio show, Professor Alex Rees-Jones contends that there is a relationship between the field of psychology and how people behave towards paying taxes. He proposes that the government adopt cognitive measures, such as offering monetary incentives to combat tax evasion. Furthermore, Rees-Jones implies that if tax payers de-emphasized ’loss aversion’, then tax revenue would increase to help stimulate economic growth in the United States.

  • Penn Wharton PPI Faculty Affiliate, Professor Mark V. Pauly
    In a discussion on key points from a symposium on health services research, Professor Mark V. Pauly was quoted for his comments on the potential and limitation to current research practices. 
  • Assistant Professor of Legal Studies and Business Ethics, Professor Peter-Conti Brown
    Wharton Professor Peter-Conti Brown discusses the disagreement between President Trump and Fed Chair Jerome Powell of raising interest rates to stimulate economic investment. Because of their disagreement on interest rates, Conti-Brown examines whether Trump will fire Powell. He indicates that the law is unclear regarding whether President Trump has the authority to remove Powell as Fed Chair, Fed Governor, or from the entire organization.
  • Penn Wharton PPI Faculty Affiliate, Professor Eric W. Orts
    In a discussion on the the Poland Climate Talks, Wharton Professor Eric W. Orts reflects on the need to establish carbon pricing policies to help businesses better anticipate and consider “externalities” in their investments. However, Orts claims that our current economic system does not take into account the externality of carbon and its equivalence being put into the atmosphere.
  • Professor of Legal Studies, Professor Kevin Werbach

     Wharton Professor Kevin Werbach joins a Ripple-sponsored panel to offer his insights of the emerging technologies of blockchain and cryptocurrency. He argues that some of the most important questions that need to be answered are what the roles of businesses should have in the technology era, and how can enterprises be certain that financial transactions are completed in a safe manner?

WHARTON PPI
RESOURCE SPOTLIGHT:

  • <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>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>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>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>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>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>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>
  • <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>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>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>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>