Insights Blog

Tax increment financing (TIF) is a long-standing and popular public financing tool in the U.S., but it’s starting to jump its borders. And while domestic TIF use has had its pitfalls, the U.S. experience can offer lessons learned to municipalities worldwide looking at how best to finance their economic development goals.

New York City's Hudson Yards project includes heavily discounted property taxes for Hudson Yards developers.

Working Paper—Time spent unemployed can have a profound impact on the quality of a worker's life, future, and family. SCEPA's latest working paper focuses on gender and racial disparities in the time it takes to find work and how these periods are impacted by unemployment insurance.

Brief— SCEPA's research finds nearly 1.5 million low-income older workers would benefit from an expansion of the popular Earned Income Tax Credit (EITC) program. The report—released by our Retirement Equity Lab (ReLab)—finds without expanding the EITC, the program actually lowers wages among non-educated workers, especially those over 55.

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)