Software Engineer, Penn Wharton Budget Model

University Overview

The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn’s distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America’s Best Large Employers in 2023.

Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.

The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.

Posted Job Title

Software Engineer, Penn Wharton Budget Model

Job Profile Title

Application Architect

Job Description Summary

Wharton School Overview
Founded in 1881 as the world’s first collegiate business school, the Wharton School of the University of Pennsylvania is shaping the future of business by incubating ideas, driving insights, and creating leaders who change the world. With campuses in both Philadelphia and San Francisco, Wharton has over 850 staff, a faculty population of more than 235 renowned professors, and 5,000 undergraduate, MBA, executive MBA, and doctoral students. Each year 13,000 professionals from around the world advance their careers through Wharton Executive Education’s individual, company-customized, and online programs. More than 104,000 Wharton alumni form a powerful global network of leaders who transform business every day. Wharton is home to a dynamic community of staff, bringing a wide range of skills, experiences, and perspectives. To learn more, visit www.wharton.upenn.edu.

The Penn Wharton Budget Model (PWBM) is a non-partisan, research-based initiative that provides analysis to policymakers to assess the effects of policy on budgetary outcomes (government revenues and costs) and various economic variables. PWBM’s work is widely cited and has been influential in many key recent policy discussions, including tax reform, infrastructure, budget reconciliation, pre-K education, paid family leave, universal income, debt, Social Security, and health care. The PWBM team consists of roughly 30 Ph.D. economists, policy analysts, research analysts, software engineers, and developers.

PWBM uses micro- and macro-economic models to analyze and forecast the impact of policies on budgetary outcomes and other economic variables for policymakers. Large-scale Monte-Carlo simulations are performed with structural microeconomic models, and their results are aggregated into an overlapping generations (OLG) model for longer-term dynamic forecasting and distributional analysis. Models are frequently updated to reflect the latest economics and empirical research. The PWBM software stack is mostly written in Python. Some of the models require large datasets to calibrate them, and some rely on computationally expensive techniques for forecasts.

The Software Engineer works closely with a team of economists responsible for improving and maintaining the OLG model which adds dynamic behavior to macroeconomic forecasts by allowing households, corporations, and government to optimize their behavior based on planned policy changes. The Software Engineer receives guidance from domain experts to ensure a thorough understanding of the economic model, and they must communicate effectively with the