Insights Blog
Wealth and Inequality: What Can the Federal Reserve Do?
Schwartz Lecture by Atlanta Fed President Raphael Bostic Provokes Rich Dialogue | In these times of broadening precarity, how can Americans build wealth, economic mobility, and security as they grow older? What can policymakers do to give financially fragile aging Americans a fighting chance, and build greater economic equality? This crucial question was the focus of this year’s Schwartz Lecture, by Dr. Raphael Bostic, president of the Federal Reserve Bank of Atlanta.
Research Note— New research shows that even before the COVID-19 recession, 55.3 percent of workers age 55 and up in the bottom half of the income distribution were forced to leave the workforce and 32.4 percent in the next 40% of the income distribution – the middle class – were forced out of work in old age.
(This article initially appeared in a Forbes column authored by SCEPA Director Teresa Ghilarducci)
This year’s materials for the G20 Summit include a SCEPA research paper co-written by Willi Semmler, the Director of SCEPA’s Economics of Climate Change project. The paper investigates how to recover the European Union (EU)’s sense of common aims after the Covid-19 crisis to address challenges such as long-term scarring of the labor market, Climate Change, European social and health care system and sustainability of sovereign debt.
The World Bank published a report authored by a team of New School economists that investigates fiscal policies to help us move from a high-carbon economy to a low-carbon economy while minimizing financial instability.
Continuing a 25-year tradition of providing economic insights for a more equitable society
Brief— Working longer is often proposed as the solution to the retirement crisis caused by older workers’ lack of retirement assets, but new research from SCEPA's ReLab shows this assumption doesn't match older workers' real experiences in the labor market.
