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In The News

  • Penn Wharton PPI Faculty Affiliate, Professor Sarah E. Light
    In her new co-authored paper entitled, “Regulating Business Innovation  as Policy Disruption: From Model T to Airbnb,”Faculty Affiliate Sarah Light takes a historical look at the challenges surrounding regulating disruptor companies such as Uber and Airbnb and offers an analytical framework for regulatory responses.
  • Penn Wharton PPI Faculty Affiliate, Professor Arthur van Benthem

    Faculty Affiliate Arthur van Benthem discusses how a dopting a higher price floor for every ton of carbon released during power generation will help EU countries switch from coal to renewables more quickly.

  • John Paul MacDuffie
    In light of the proliferation of automated driving technology, Faculty Affiliate John Paul MacDuffie looks at the major issues with this movement. He notes that despite the hype suggesting that autonomous vehicles will arrive within a couple of years, full autonomy for all vehicles is many decades away and argues that “diffusion will be erratic — moving fast at times, slowed up by unexpected constraints at other times. But we’ll feel like [autonomous vehicles] are part of our lives, at least partially, within the next five to 10 years.”
  • Penn Wharton PPI Faculty Affiliate, Professor Robert P. Inman
    In a discussion on the aging infrastructure of America, Faculty Affiliate Robert Inman argues that government officials across federal, state, and local agencies must take an active role in rebuilding and improving these resources and make these projects a priority. 
  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    In a class action against 8 fast food chains that are allegedly practicing “no poaching” terms in their employee contracts, Faculty Affiliate Peter Cappelli is quoted for his statements indicating that these agreements break anti-trust and employment law because “[c]ompanies could achieve the same results by making it attractive enough for employees not to leave.”
  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    In light of Janus v. AFSCME, where the Supreme Court ruled that government workers who choose not to join a union cannot be forced to pay for the cost of collective bargaining, state governments are analyzing its impact on unions and pension funds. Faculty affiliate Olivia Mitchell’s research was cited for her findings that indicated unionized public employees’ pension plans were less likely to be fully funded. 
  • Penn Wharton PPI Faculty Affiliate, Professor Katja Seim
    In a discussion on the implications of South Dakota v. Wayfair Inc. that ruled online retailers must collect sales taxes even in states where they have no physical presence, Faculty Affiliate Katja Seim agues that it is still unclear whether or not this will negatively affect sales and consumer habits. 
  • Penn Wharton PPI Faculty Affiliate, Professor Susan M. Wachter
    Faculty Affiliate Susan Wachter contributes to a discussion on the “Three Cities” Phenomenon by interrelating housing as a reflection of wealth inequality. Ten years ago, just as Toronto’s housing boom reaching its peak, a groundbreaking academic research project at the University of Toronto told a striking counter-narrative: the city’s neighborhoods were transforming from middle-income communities into enclaves of the very rich or boroughs of poverty. Over the course of 35 years Toronto had self-segregated itself based on wealth.
  • Penn Wharton PPI Faculty Affiliate, Professor Mark V. Pauly
    In a discussion on the legality and future of the Affordable Care Act, Faculty Affiliate Mark Pauly writes, “There’s winners and losers… It’s a tiny segment of the population that’s directly affected, but they’re going to be really woefully mistreated.” Healthy people could see their insurance rates go down, while sick people could be charged more. The immediate impact would be on people with ACA policies although most Americans have insurance through employers, Medicare or Medicaid.
  •  Mary Hunter-McDonnell, a management professor at the Wharton School of Business
    Faculty Affiliate Mary-Hunter McDonnell’s research on the history and intersection between businesses and social media was cited in an article discussing the evolution of social media and the public’s perception of these platform’s responsibility to its user base. 
  • Penn Wharton PPI Faculty Affiliate, Professor Joseph Gyourko
    In a discussion on a phenomenon economists have called “the housing bubble” in China, Faculty Affiliate Gyourko’s research on the history and trajectory of Chinese real estate was cited. His work found that residential real estate auction prices rose 800% from 2003 to 2008 in Beijing and that new house prices have actually fallen relative to household incomes in Chengdu, Wuhan, Tianjin and Xi’an, all urban areas with more than 4,000,000 population.
  • Penn Wharton PPI Faculty Affiliate, Professor Kevin Werbach
    Faculty Affiliate Kevin Werbach discusses a large misconception within the perceived Blockchain revolution. Though cryptocurrency and blockchain are often used interchangeably, Professor Werbach explains how they are actually quite different – “There is cryptocurrency: the idea that networks can securely transfer value without central points of control. There is blockchain: the idea that networks can collectively reach consensus about information across trust boundaries. And there are cryptoassets: the idea that virtual currencies can be “financialized” into tradable assets.”
  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen
    In light of the disputed actions of President Trump at the recent G7 summit, Faculty Affiliate Mauro Guillen discusses the pitfalls of protectionism and challenges popular critiques of free trade.
  • Penn Wharton PPI Faculty Affiliate, Professor Kevin Werbach
    Faculty Affiliate Kevin Werbach provides insight on the current trajectory of the net neutrality. Professor Werbach claims that “nothing will change the next day, companies are not going to take any major action to change their policies until its [the controversial repeal of Obama-era net neutrality protections] resolved.”
  • Penn Wharton PPI Faculty Affiliate, Professor Michael Useem
    Recently on Knowledge@Wharton show on SiriusXM channel 111, faculty affiliates Howard Kunreuther and Michael Useem discuss the contents of their new book Mastering Catastrophic Risk: How Companies Are Coping with DisruptionBy reexamining the field of risk management, once an afterthought for many companies, the authors provides ways for business leaders think more deeply about worst-case scenarios in corporate settings. 
  • Penn Wharton PPI Faculty Affiliate, Professor Jennifer Blouin
    In a discussion on the implications of the Corporate Tax Cut, Faculty Affiliate Jennifer Blouin notes how, because companies do not yet know the final regulations to be implemented by the Treasury Department, they find themselves “playing a game without knowing the specific rules.”
  • 80% of small, fixed wireless providers in rural areas have delayed or decreased their network expansion and services
    Faculty Affiliates Kevin Werbach and Pinar Yildirim comment on the implications of the FCC’s repeal of Net Neutrality. First Professor Werbach points out that “there is this misunderstanding that net neutrality is kind of this catch-all provision that prevents broadband companies from doing bad things. It’s not.” Professor Yildirim goes on to challenge the notion that net neutrality ever really posed as a financial burden to ISPs. 
  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    In a discussion on the growing disparity between employer and employee agency within the labor market, Faculty Affiliate Peter Cappelli comments on the impact of the shareholder value movement and how it has facilitated these disenfranchising trends. Professor Cappelli claims that shareholder value encourages “the use of temps and contractors” to fill high-wage jobs because “that way the employer doesn’t have to raise wages for all their employees.”
  • The Atlanta Fed is forecasting 4.6 percent GDP growth for the second quarter.
    House approves a measure to recover $15 billion in previously appropriated government funding; US Justice Department claims the parts of the Obamacare mandate is unconstitutional; The Atlanta Fed is forecasting a double in the GDP annualized 2017 growth rate. 
  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    Faculty Affiliate Olivia Mitchell discussed how fintech  – or the use of technology to support banking and financial services – holds a great deal of promise, but how it’s not yet fully helping those saving for or living in retirement. 
  • A Cancer Information Service (CIS) staffer answers the phone and provides assistance to a caller.
    In a keynote conversation with Faculty Affiliate Mae McDonnell, an expert on organizational design and management, Slack CEO Butterfield discussed how his responsibilities have led him to explore the wider factors that often leave people feeling disaffected, disenfranchised, or alienated at work.
  • Assistant Professor of Legal Studies & Business Ethics -Wharton School, University of Pennsylvania
    Faculty Affiliate Peter Conti-Brown examines and critiques a legislative solution that proposes banking for the poor through the postal system. Within this proposal, the United States Postal Service would not only oversee the mailing of letters and packages, but also traditional banking services as well. Professor Conti-Brown identified three thought provoking critiques that raise the question, are bankers—private and governmental alike—the best people to provide support for the poor?
  • Amol Navathe, a professor of medicine at Penn, discusses new research on how to cut medical bills using bundled payments.
    Faculty Affiliate Amol Navathe reflects on new research on the future of “bundled payments” and its implications on policy and the cost of care. Through a Medicare mandated program, hospitals were forced to offer knee and hip surgeries as a bundled package whereby the entire procedure and  recovery period are thought of as a holistic product. The results indicated a 5% in overall savings for the entire procedure, presenting a promising future for this model of health care administration. 
  • Penn Wharton PPI Faculty Affiliate, Professor Jeremy Siegel
    In light of political turmoil in Italy, Professor Siegel advises listeners to monitor other types of movement and changes such as those of increasing interest rates. Consistent with his message since early December, Professor Siegel points to macro visions of the trajectory of the 2018 fiscal year. 
  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen
    Faculty Affiliate Mauro Guillen contextualizes a discussion on the potential ramifications of an economic collapse in the Italian peninsula. Experts fear a negative feedback loop where financial stress multiplies because the government is already so indebted that borrowing more money to fund shaky banks means yet more risk for investors, and that reduces the value of existing bonds, which in turn further reduces the value of the banks’ government bond holdings
  • Penn Wharton PPI Faculty Affiliate, Professor Katherine L. Milkman
    In a discussion on the lack of gender diversity in many company boardrooms, Faculty Affiliate Katherine Milkman’s study on tokenism was cited for its claim that “if organizations see gender diversity as a goal but tend to consider that goal satisfied once they match or just surpass the gender diversity levels of peers, then attaining true gender diversity may be jeopardized.”
  • Professor Reed Shuldiner
    The alternative minimum tax (AMT), originally enacted in 1969, was intended to ensure that the highest earners paid some tax. According to research by Professor Shuldiner, a majority of taxpayers will no longer owe AMT under the new tax plan. “Under the prior AMT rules, the regular tax was very close to the alternative tax over long stretches of income, so fairly small amounts of some breaks could trigger the AMT.” Under the new plan, a married couple with income between $270,000 and $500,000 would need about $40,000 of tax breaks subject to the AMT, double the deductions that would have triggered AMT in 2017, to owe this year.
  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    In an op-ed piece featured on the Wall Street Journal, Faculty Affiliate Olivia Mitchell discusses the unique financial vulnerability of elderly individuals and  solutions for this unrecognized problem. Her ethnographic research discovered that “financial fraud experienced by the over-50 population is a large and important problem, and more prevalent than commonly believed.” She goes on to outline three potential solutions; one from the private sector, one from technological innovation, and one from policy makers.
  • Ioana Marinescu, PhD
    In the recent New York Times opinion piece,”When Companies Supersize, Paychecks Shrink,”  research by Profs. Ioana Marinescu and Herb Hovenkamp is cited as evidence that “no court has ever stopped a merger on the grounds that eliminating an employer hurts workers.”  This research was the basis for the Penn Wharton PPI issue brief “The Other Side of a Merger: Labor Market Power, Wage Suppression, and Finding Recourse in Antitrust Law.
  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    Research by Faculty Affiliate Olivia Mitchell is cited in an Wall Street Journal article on the meaning and function of “financial literacy.” Her work questioned if Americans understood the basic underpinnings of personal finance. Respondents were deemed literate if they could successfully answer simple questions related to compound interest, inflation and asset diversification. Years of careful research showed that many Americans can’t.

PENN WHARTON PPI
RESOURCE SPOTLIGHT:

  • <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>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>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>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>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>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>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>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>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>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>