Kids in tough neighborhoods face joblessness, lower income as adults

ITHACA, N.Y. – For decades researchers have known kids who grow up in disadvantaged neighborhoods are more likely to face a slew of difficulties in childhood, from higher rates of teen pregnancy and health problems to less education. A new Cornell University study now shows a child’s neighborhood also impacts her economic well-being into adulthood. […]

As pollution skyrockets in India, health care costs poised to mount

Levels of pollution in India’s capital New Delhi soared on Tuesday, leading the Indian Medical Association to declare a public health emergency and prompting officials to close schools. The smog descending over the city can cause sickness and pre-mature death, and can lead to billions of dollars of additional health care costs according to a Cornell […]

Splits in GOP base make tax plan dead-on-arrival

After much debate and delays, congressional Republicans are scheduled to release their tax bill on Thursday. Elizabeth Sanders, professor of government at Cornell, studies economic regulations and political parties’ alignment. She says that disagreement on tax reform – as in the case of health care reform – is an indicator of how the Republican Party […]

More daylight in New England may take a bite out of crime

A commission in Massachusetts is considering a permanent switch from the Eastern Time Zone to the Atlantic Time Zone — a move that would preserve more evening daylight in the winter months, could lead to economic and health benefits, and may cut back on crime according to a Cornell University economist. Nicholas Sanders, an assistant […]

NAFTA negotiations may hinge on dairy dispute

Dairy supply management has emerged as a singular turning point in negotiations over NAFTA. The issue is a complicated one, fueled by strong feelings on both sides of the border, and may ultimately end up sundering NAFTA altogether says Andrew Novakovic, an expert in dairy markets and professor of agricultural economics at the Charles H. […]

Anxiety, depression can diminish retirement savings

ITHACA, N.Y. – Psychological distress can take a toll on more than just health. It can also significantly damage retirement savings, according to a new study by a Cornell University financial economist and her co-author. Mental health problems can have a large negative effect on retirement savings, the study found. Three factors make the research […]

Failure to assist Puerto Rico could precipitate humanitarian, economic disaster

Hurricane Maria has devastated Puerto Rico, leaving millions without power and still dealing with flooded roads and disastrous conditions. Cornell University economist Steven C. Kyle, an expert in macroeconomics and government policy in the U.S. and in low-income countries, says the need for assistance is now so dire, it’s impossible to ignore. Bio: https://dyson.cornell.edu/people/steven-kyle    […]

Longer-term view adds context to Census poverty data

Today, the U.S. Census Bureau reported the American peoples’ 2016 experience with poverty, median income and health insurance. Tom Hirschl, sociologist and co-author of “Chasing the American Dream: Understanding What Shapes Our Fortunes,” says that while the numbers today reflect an incremental improvement, middle-class and working-class Americans still feel insecure about their economic future. To […]

Hardship in Brazil, South Africa strengthens China’s BRICS lead

This weekend, China will be hosting the annual BRICS summit – a meeting of leaders from five developing nations including Brazil, Russia, India, China and South Africa. Lourdes Casanova, academic director of Cornell University’s Emerging Markets Institute, says that political and economic instability in Brazil and South Africa has solidified China’s lead position at the […]

Economic indicators can’t capture Hurricane Harvey damage

CORNELL UNIVERSITY MEDIA RELATIONS OFFICE Aug. 28, 2017   Economic indicators can’t capture Hurricane Harvey damage Cornell University economist Steven C. Kyle, an expert in macroeconomics and government policy, says economic indicators are ill-equipped to calculate the economic damage caused by natural disasters such as Hurricane Harvey – which is expected to drift back into […]