University of Pennsylvania

Link: https://knowledge.wharton.upenn.edu/article/immigration-impacts-americas-aging-time-bomb/

Excerpt:

Anew research model from the Penn Wharton Budget Model (PWBM) has brought clarity to the immigration debate in the U.S. by analyzing the macroeconomic implications of different policy scenarios. The model is at the core of a paper titled “Immigration and the Macroeconomy” authored by PWBM experts – Efraim Berkovich, director of computational dynamics; Daniela Costa, economist; and Austin Herrick, senior analyst.
“We find that, after an initial period, increasing legal immigration improves both the government’s fiscal balance and the economy on a per-capita basis,” the paper stated. “Legalization policies [or regularizing undocumented immigrants], on the other hand, worsen the government’s fiscal balance due to increased spending, while having modest effects on the economy broadly.” Lawful immigrants receive government transfers over their lifetime such as Social Security benefits, Medicaid, and the Supplemental Nutrition Assistance Program (SNAP); if they are not sufficiently productive, they create a “retirement benefits imbalance,” the paper pointed out.
The legalization plan the paper modeled is similar to the legalization provisions in the Biden immigration plan. That plan was akin to “a one-shot legalization for people who are already in the U.S.,” said Herrick.

Author(s): Shankar Parameshwaran

Publication Date: 15 March 2022

Publication Site: Wharton at Penn

Link: https://www.dailyposter.com/p/how-wall-street-kills-grandma

Excerpt:

The study from University of Pennsylvania, University of Chicago and New York University researchers evaluated data from 15,000 nursing homes across the United States, alongside Medicare patient data, to assess the impacts of private equity ownership on patient outcomes. In all, the researchers found that the deaths accounted for “about 160,000 lost life-years.”
Private equity firms typically take over existing corporations with borrowed or investor money and then impose cost-cutting measures to maximize revenues — often in preparation for selling off the newly stripped down firms at a profit. In the health care sector, private equity buyouts have been associated with lower staffing levels, more frequent citations for health and safety violations, shortages of supplies like ventilators that are crucial for COVID patients, and other failings tied to the constant imperative to cut costs.
In all, 70 percent of nursing homes currently operate as for-profit businesses, far more than other healthcare facilities. Only about one quarter of hospitals, for example, are for profit.

Author(s): Julia Rock, David Sirota

Publication Date: 22 February 2021

Publication Site: The Daily Poster

Tag: University of Pennsylvania

Immigration and America’s Aging ‘Time Bomb’

How Wall Street Kills Grandma