Penn Wharton Budget Model Projects Effects of Reopening States: Reopening Could Cause up to 233,000 Extra Deaths by June 30 but Save up to 18,000,000 Jobs

PHILADELPHIA, May 1, 2020 — In response to the coronavirus pandemic, at one point almost every U.S. state had imposed lockdown orders. Some states have begun to relax these orders and many others are considering easing their restrictions. Penn Wharton Budget Model (PWBM) analyzed the health and economic effects ofRead More

Penn Wharton Budget Model Estimates Impact of the CARES Act: Stimulus Will Create 1.5 Million Jobs and $812 Billion in GDP in the Short-Term

PHILADELPHIA, April 8, 2020 — On March 27, 2020, President Trump signed the $2.3 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act, providing immediate relief to households and businesses in response to the coronavirus pandemic. Penn Wharton Budget Model (PWBM) has analyzed the short-term economic effects of the pandemicRead More

New Quantitative Finance Major and Dr. Bruce I. Jacobs Professorship and Scholars Mark New Chapter in Quantitative Finance Research and Education at the Wharton School

PHILADELPHIA, April 2, 2020 — Wharton Dean Geoff Garrett is delighted to announce a new chapter in finance research and education at the Wharton School. The MBA program is launching a new quantitative finance major within the Finance Department. New courses will be offered, bolstered by the establishment of theRead More

Wharton School Launches New Course, Delivered Remotely, on the Impact and Implications of Coronavirus/COVID-19

Starting March 25 renowned Wharton faculty will examine real-time challenges facing companies, financial markets and political systems PHILADELPHIA, March 11, 2020 — As the world grapples with the social and economic impact of the COVID-19 outbreak, the Wharton School of the University of Pennsylvania has developed a new course, conductedRead More

Penn Wharton Budget Model Analyzes the Biden and Sanders Social Security Plans

Both plans would mitigate program shortfalls but reduce economic output PHILADELPHIA, March 10, 2020 — Despite its importance to American retirees, the Social Security program faces large future financial shortfalls as projected benefits dwarf projected revenues. Democratic presidential candidates Joe Biden and Bernie Sanders have both proposed Social Security reformRead More

Weijie Su, Wharton Assistant Professor of Statistics, Named Among 2020 Sloan Research Fellows

NEW YORK, February 12, 2020 — The Alfred P. Sloan Foundation is pleased to announce the selection of 126 extraordinary early career researchers as recipients of the 2020 Sloan Research Fellowships. Awarded annually since 1955, the fellowships honor scholars in the U.S. and Canada whose creativity, leadership, and independent research achievements makeRead More

“Shark Tank” Star Daymond John, $30K in Prizes Featured at the Wharton School’s Baker Retailing Center “Ideathon 2020”

At a high-stakes case-competition, Penn students were challenged to pitch major retailer Ralph Lauren Corporation with bold new business ideas—literally overnight. PHILADELPHIA, January 28, 2020 — What if you had to come up with a brilliant idea to make a major American brand even more successful—and present that company with a fully-fleshedRead More

Wharton Profs Mohamed A. El-Erian and Mary-Hunter McDonnell to Present at Wharton Seminars for Business Journalists No-Cost Program on Global Economy and Corporate Governance, New York, April 7, 2020

What: The Wharton Seminars for Business Journalists, led by the Wharton School’s most prominent professors, help reporters gain a better understanding of key business and economic issues through intensive lectures and hands-on exercises. This no-cost, one-day program will feature Wharton Profs Mohamed A. El-Erian and Mary-Hunter McDonnell on “Evaluating Unusual EconomicRead More

Penn Wharton Budget Model Scores Sanders and Biden Plans to Tax the Rich—Macroeconomic Analysis Shows Offsetting Effects of Higher Tax Rates and Deficit Reduction

PHILADELPHIA, January 23, 2020 — Calls to tax the rich are playing a prominent role in the ongoing Democratic primary. Penn Wharton Budget Model (PWBM), the nonpartisan, independent applied research organization housed at the Wharton School of the University of Pennsylvania, has analyzed the budgetary and economic effects of twoRead More

Penn Wharton Budget Model Scores Senator Warren’s Wealth Tax—Presidential Candidate’s Proposal Would Shrink Economy Between 0.9 and 2.1 percent by 2050

PHILADELPHIA, December 12, 2019 — Since Senator Elizabeth Warren announced her proposal to tax wealth, a few questions have arisen: How much money would these taxes actually raise? And how might a wealth tax affect the economy? Penn Wharton Budget Model (PWBM), the nonpartisan, independent applied research organization housed atRead More

From Policy to Pocketbooks: “Wharton Business Daily” on SiriusXM Channel 132 Debuts November 4 with Wharton School Dean Geoff Garrett, Former AOL CEO Steve Case and Head of External Affairs for Facebook Robert Traynham Among Guests

PHILADELPHIA, October 31, 2019 — The Wharton School of the University of Pennsylvania announced the launch of Wharton Business Daily, a dynamic new morning show produced at the Wharton School and airing on SiriusXM Channel 132. The show’s debut on Monday, November 4 at 10 am ET will feature aRead More