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    Alternative Economic Indicators

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    Measuring Economies from Space

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    Biased Beliefs and Entry into Scientific Careers

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    We investigate whether excessively optimistic beliefs play a role in the persistent demand for doctoral and postdoctoral training in science. We elicit the beliefs and career preferences of doctoral students through a novel survey and randomize the provision of structured information on the true state of the academic market and information through role models on nonacademic careers. One year later, both treatments lead students to update their beliefs about the academic market and impact career preferences. However, we do not find an effect on actual career outcomes two years postintervention

    tnAchieves from a National Perspective

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    Other communities and states have launched programs like the TN Promise scholarship! With more than a decade of experience leading a last-dollar scholarship program, tnAchieves has provided advice and consultation to many of these groups as they begin to plan their programs. Join former Under Secretary of Education Martha Kanter now of College Promise, Michelle Miller-Adams of the Upjohn Institute and Celeste Carruthers of the University of Tennessee\u27s Boyd Center for Business and Economic Research as they discuss the impact tnAchieves has on the national college landscape

    Contract Work at Older Ages

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    The share of workers who are self-employed rises markedly with age. Given policy concerns about inadequate retirement savings, especially among those with lower education, and the resulting interest in encouraging employment at older ages, it is important to understand the role that self-employment arrangements play in facilitating work among seniors. New data from a survey module fielded on a Gallup telephone survey distinguish independent contractor work from other self-employment and provide information on informal and online platform work. The Gallup data show that, especially after accounting for individuals who are miscoded as employees, self-employment is even more prevalent at older ages than suggested by existing data. Work as an independent contractor is the most common type of self-employment. Roughly one-quarter of independent contractors age 50 and older work for a former employer. At older ages, self-employment generally—and work as an independent contractor specifically—is more common among the highly educated, accounting for much of the difference in employment rates across education groups. We provide suggestive evidence that differences in opportunities for independent contractor work play an important role in the lower employment rates of less-educated older adults

    Special Briefing on COVID-19: Unemployment, and State and Local Fiscal Consequences

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    The Volcker Alliance and Penn Institute for Urban Research cohosted an online Special Briefing with Timothy J. Bartik, senior economist, Upjohn Institute for Employment Research; Marcia Van Wagner, vice president-senior credit officer, Public Finance Group, States Team, Moody\u27s Investor Service; and Matt Fabian, partner, Municipal Market Analytics. The panelists discussed the COVID-19 pandemic’s impact on unemployment, the deterioration of the finances and credit outlooks of states and localities, and the role of further federal assistance and loans to governments, companies, and individuals. Moderated by William Glasgall, Volcker Alliance senior vice president and director of state and local initiatives, and Susan Wachter, co-director of Penn IUR, this briefing was the eleventh in a series of sixty-minute online conversations featuring experts from the Volcker Alliance’s national research network and Penn IUR, along with other leading academics, economists, and federal, state, and local leaders from around the US

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    Upjohn Research is based in United States
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