News Archives

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04/21/2013 Becker Advocates Paying Parents to Boost Student Performance Gary Becker highlighted research showing that monetary incentives to families can improve students’ achievement in school in a recent speech that also addressed Social Security, tax policy, and the drug war.
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04/14/2013 Cochrane: America Needs Alternative Maximum Tax In the Wall Street Journal, John Cochrane makes the case for limiting economic damage of taxes with a cap on total taxation.
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04/22/2013 Internet Sales Tax Bill Would Hurt Small Businesses Without an exception for mom & pop businesses, the Marketplace Fairness Act is unfair, writes former Visiting Fellow John Donahue.
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11/01/2012 Negotiating Salary May Explain Gender Wage Gap Men are more likely than women to negotiate salary when a job posting does not indicate that wages are negotiable, a field experiment by Andreas Leibbrandt and John List shows. Women will negotiate when the job ad states that salary is negotiable, and end up earning the same or more than men.
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04/02/2013 Early Education Investment Produces Greater Returns James J. Heckman’s research is cited in an article arguing that the U.S. should shift education investment from higher education to early childhood.
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03/30/2013 Economist Explores Online Privacy The New York Times featured 2012 Visiting Fellow Alessandro Acquisti’s study of individual choices to reveal personal data.
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03/11/2013 Davis Paper on Policy Uncertainty Honored The Fraser Institute awarded the Addington Prize in Measurement to work by Chicago Booth’s Steve Davis and Nick Bloom and Scott Baker of Stanford.
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03/04/2013 Comparative Economics Group to Analyze Societies Across History The Neubauer Family Collegium for Culture and Society has established a cross-disciplinary working Group on Comparative Economics.
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03/03/2013 Cochrane Calls for Longer-Term US Debt Converting federal debt to 30-year bonds would lock in low interest rates and buy time to cut the deficit, Chicago Booth professor John Cochrane wrote in the Wall Street Journal.
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03/01/2013 Becker, Lazear Propose Market Solution to Immigration Reform A quick way to gain the skills to boost the economy is through immigration, by selling rights to citizenship, Gary S. Becker and Edward Lazear argue in the Wall Street Journal.
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02/18/2013 Is a Minimum Wage Hike a Good Idea? Gary Becker and Richard Posner review the evidence in their blog.
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02/14/2013 Heckman Highlights Return on Early Childhood Investment James J. Heckman outlined the economic and societal benefits of early childhood education on “All Things Considered” and the Washington Post.
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01/05/2013 Becker, Murphy Call for End to War on Drugs The human cost is too high and it is time to consider decriminalization, Gary Becker and Kevin Murphy write.
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09/01/2012 Environmental Regulations Linked to Lower Productivity John List and Chad Syverson coauthored a study that finds substantial costs from environmental regulations, with a 4.8 percent drop in productivity for manufacturers in non-attainment counties.
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01/01/2013 Outstanding Students Selected for Macro Financial Modeling (MFM) Group Awards Six advanced graduate students from top institutions across the country were selected by the MFM Group to be funded for one year based on their dissertation proposal submissions to the Macro Financial Modeling Group initiative.
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09/01/2012 Cyclical, Not Structural Forces Behind Stubbornly High Unemployment In a new NBER working paper, Edward Lazear and James Spletzer find no compelling structural changes in the labor market that explain the pattern of persistently high unemployment seen since early 2007.
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06/01/2012 Loss Aversion Enhances Teacher Incentive Schemes Merit pay systems for teachers produce only limited gains in students’ academic achievement, studies have shown. Steven Levitt, John List and coauthors show that using loss aversion—giving teachers a bonus they must pay back if their students don't reach academic goals—leads to significant gains in student performance.
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12/05/2012 Are Milton Friedman’s Philosophies Dead? Distinguished panelists at Chicago Booth’s 2013 Economic Outlook say his ideas remain relevant yet open to challenge—and he would want it that way. Video »
07/02/2012 Townsend Wins 2012 Frisch Medal Distinguished Fellow Robert M. Townsend and Joseph P. Kaboski shared the Econometric Society's prestigious Frisch Medal for 2012 for their paper on the structural evaluation of microfinance programs.
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02/14/2013 Challenges in Identifying and Measuring Systemic Risk In a recent working paper, Lars Peter Hansen details the issues explored by the Macroeconomic Modeling and Systemic Research Initiative.
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10/01/2012 High Debt Levels May Be Prolonging Recession Professor Amir Sufi’s research shows household debt is limiting consumption and slowing recovery. Details »
10/01/2012 Davis Develops Uncertainty Index Chicago Booth Professor Steven Davis and colleagues have developed an index of policy-related economic uncertainty that can estimate the decline in business investment, employment, and economic output. Details »
09/30/2012 Reforming the Patent System Gary S. Becker writes on the patent system, its purpose, costs, and obstacles to reform.Details »
09/07/2012 Two from UChicago Elected to Leadership of Law and Economics Association Two Chicago Law professors are now dcirectors of the American Law and Economics Association, joining three colleagues already in leadership roles with group.
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07/09/2012 Institute Names First Executive Director Thomas Coleman, AM’81, PhD’84, an experienced financial industry executive, joins the Institute July 9.
06/15/2012 Macro Financial Modeling Initiative Offers Dissertation Support This initiative is offering dissertation for doctoral students in economics or other fields pursuing innovative work on macroeconomic models with financial sector linkages or related topics in this area. Applications for the first grant cycle were due June 15, 2012. Awards will be made in the early fall.
4/15/2012 Uhlig’s Research Highlights the Limits of Taxation Harald Uhlig’s research with Mathias Trabandt of the Federal Reserve comparing the Laffer curves of the US and 14 European nations was highlighted in a recent Forbes article.
04/02/2012 Cochrane Argues for Markets, Not Mandates In the Wall Street Journal, Professor John Cochrane made the case for deregulated, competitive markets in individual catastrophic insurance and health care.
03/12/2012 Watch London Panel Discussion on the Macroeconomy The Institute took its expertise abroad, with a panel discussion in London that explored the interplay between financial markets and the macroeconomy. Video of the event is now available.
02/03/2012 Sargent Offers Fiscal History Lesson In a Wall Street Journal piece, Distinguished Fellow Thomas J. Sargent says Europe might learn from America's early fiscal crisis and bailouts.
12/16/2011 Heckman Speaks at White House Early Education Announcement Professor James J. Heckman spoke of empirically proven economic and social gains from quality early childhood education and care at a ceremony announcing Early Learning Challenge Grants.
12/15/2010 Conference Addressed Systemic Risk Measurement Scholars, regulators, and practitioners gathered to discuss better measurement models.
01/14/2011 Heckman to Lead Econometric Society James J. Heckman was elected second vice-president and will become president in 2013.
02/2011 Cash for Clunkers had Modest Effects Chicago Booth's Amir Sufi and coauthor Atif Mian found the program mostly shifted sales.
11/28/11 Rosenfield Gift to Foster Studies Drawing on Economics, Policy and Law The donation will fund the Andrew and Betsy Rosenfield Program in Economics, Public Policy and Law.
11/21/11 Institute, Colleagues Toast Nobel Laureates Sargent, Sims honored at fiscal imbalance conference dinner.
10/31/11 Lazear Calls for Structural Reform in Europe The domino model is the wrong way to view the European debt crisis, Edward Lazear argue
10/10/11 Distinguished Fellow Sargent Wins Nobel Prize The Becker Friedman Institute congratulates colleagues Thomas J. Sargent and Christopher Sims, who were honored “for their empirical research on cause and effect in the macroeconomy.”
9/26/11 Sargent Wins CME Group-MSRI Prize Distinguished Visitor Thomas J. Sargent of NYU received the prize for innovative quantitative applications on Sept. 26.
9/15/11 Job Loss Felt on Income for 20 Years Income remains lower for years after losing a job, and the impact is worse if the job loss occurs in a recession, according to Chicago Booth's Steve Davis
9/2/11 Becker Comments on Great Recession In a Wall Street Journal op-ed, Gary Becker points to government policies that contributed to the recession.
6/17/11 Announcing the Becker Friedman Institute Friedman Institute joins forces with the Becker Centerbecome the Becker Friedman Institute for Research in Economics
5/3/2011 New Fogel Book Makes the Case for ‘Technophysio Evolution’ Decades of research documents linkages between body size and social and economic change.
5/3/2011 Shapiro's Gas Price Study Shows Evidence of Mental Accounting Customers switch to lower grades when gas prices rise, but do not choose cheaper orange juice, showing that gas money is not fungible.
4/12/11 Four Chicago Researchers Win Sloan Fellowships The awards recognize their potential to contribute to their fields.
3/30/11 Luncheon Marks Coase's 100th birthday Colleagues and university leaders gathered to honor the Nobel laureate.
2/16/11 Hansen to Receive BBVA Frontiers of Knowledge Award Hansen was honored for making fundamental contributions to our understanding of how economic actors cope with risky and changing environments.
12/18/10 Heckman wins Grant to Study Human Capital, Economic Inequality An international research group will explore links between education trends and income inequality, productivity growth, global competitiveness, fiscal imbalance, and more.
12/3/10 Ph.D. Student Wins Morgan Stanley Prize Chicago Booth student Nina Boyarchenko won the inaugural prize for her paper on the 2007 financial crisis.
12/2/10 Hansen Gives Princeton Lectures in Finance Lars Peter Hansen explored links between asset pricing and macroeconomic modeling in this prestigious series.
12/1/10 Chicago Booth Economists Predict Continued Growth, Stagnant Housing University of Chicago Booth School of Business economists forecast home prices will remain near their current levels for the next few years but the U.S. economy could grow faster in 2011.
11/7/10 Panel Discusses Future of Financial Regulation The Chicago Society and Oeconomica hosted three distinguished scholars who offered views on the response to the financial crisis.
10/30/10 Nominations Accepted for Visiting Fellows We seek nominations of tenured and pre-tenure faculty for fellowships lasting from one academic quarter to one year. These fellowships are designed to offer scholars at any point in their career the freedom to explore promising lines of inquiry in a flexible environment without teaching responsibilities.
10/30/10 Nominations Open for Research Scholars The Becker Friedman Institute offers prestigious postdoctoral positions to applicants who demonstrate the ability to generate outstanding research in economics. Generally, candidates should be proposed by faculty under whom they have studied.
10/12/10 Stock Lending Has No Effect On Stock Prices, Study Finds In a randomized study, Chicago Booth's Steve Kaplan and Toby Moskowitz created supply shocks in stock lending and found they have no effect on returns, volatility, skewness, and bid-ask spreads.
9/15/10 Beijing Forum Explores China's Economic Development Gary Becker and James Heckman, members of the MFI Faculty Steering Committee, joined Thomas Ginsburg of the Law School in Beijing Sept. 15 for a panel exploring economic development and the rule of law in China at an event marking the opening of the University of Chicago's Center in Beijing.
9/14/10 Goolsbee to Chair Council of Economic Advisers President Barack Obama has named Austan Goolsbee to be the chairman of the White House Council of Economic Advisers
9/08/10 Rajan Calls for Global Rebalancing The world economy is in desperate need of fiscal rebalancing, but world leaders are unlikely to make the hard choices needed to restore more balanced trade, Raghuram Rajan writes in his latest Fault Lines blog post. The IMF could rally support.
9/8/10 New Forum to Explore Questions of Contract Theory The University of Chicago Booth School of Business and the Law School have launched the Chicago Forum on Contracting to bring together scholars across departments and disciplines for collaborative exploration of the foundations and evolving questions of contract theory.
6/16/10 Chicago Booth Professors Contribute to Squam Lake Report Faculty Steering Committee member John Cochrane, Douglas Diamond, Anil Kashyap, and Raghuram Rajan are among 15 economists contributing to The Squam Lake Report, a financial crisis-prevention manual.
6/16/10 Economics Professor Shimer Receives Sherwin Rosen Prize Robert Shimer was presented the Sherwin Rosen Prize for Outstanding Contributions in the Field of Labor Economics at Society of Labor Economics (SOLE) meeting in June.
6/16/10 Heckman named to two academies Faculty Steering Committee member James Heckman was elected into the National Academy of Education, which is dedicated to education research and its use in policy formation and practice. In July he was also elected into the Academia Sinica, an international research institution aimed at improving academic research conditions and standards through placing great emphasis on opening up new areas of intellectual endeavor.