Teenage employment has declined significantly since the late 1990s. Using data from the Current Population Survey, Figure 1 shows that 63 percent of teens aged 16 to 18 worked in 1993, but that percentage fell to 41 by 2015.
Knowledge@Wharton features PWBM research in an article about President Trump’s infrastructure plan. The article also includes research from Virginia Tech’s Kevin Heaslip and Duke’s Henry Petroski.
In a recent podcast and article “The White House Budget: What’s the Reality” by Knowledge@Wharton, the latest budget proposal by the White House was discussed by Kent Smetters (Wharton), Alan Auerbach (UC Berkeley), and David Kamin (NYU).
The Wharton Executive MBA (WEMBA) program will be hosting a panel discussion on the recent federal tax reform and how it might affect businesses, which will feature our Faculty Director, Kent Smetters, along with two leading tax experts.
Though the event is only open to WEMBA students, we will live stream the discussion on our page for the event for anyone interested in watching. A recording will also be made available on that page after the event.
Date: Today, 2/16/18
Time: 12:30pm - 1:50pm
Live Stream: http://budgetmodel.wharton.upenn.edu/events-1/2018/2/16/federal-tax-reform-wemba-panel
In the New York Times article “Why Is It So Hard for Democracy to Deal with Inequality?” Thomas B. Edsall relates the growth of income inequality in democracies to changes in voting patterns among those who are highly educated.
PWBM’s brief, “Education and Income Growth” was used to highlight that the incomes of highly educated people are growing in comparison to those with less education. The author finds that this trend motivates highly educated voters to support the continuation of current policy rather than policy reforms favorable to the working class.
The news blasts about America’s crumbling infrastructure are hard to miss. Data available at USAFacts shows that in 2015, 14 percent of America’s bridges were functionally obsolete and another 10 percent were structurally deficient. Meanwhile, in 2014, commuters spent an extra 42 hours stuck in traffic.
The White House proposes to spend $200 in new federal money that it hopes will subsidize an addition $1.3 trillion in new infrastructure spending by state and local government and private enterprises.
But will those dollars achieve a high speed economy with higher wages and GDP? Our new report, Options for Infrastructure Investment: Dynamic Analysis, finds that it depends.
Welcome to PWBM’s Blog, Economic Matters!
In this space, we plan to highlight working papers, discuss interesting facts we find in our data store, our estimation methods, parameters and current events.
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