The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
John Zhuang Liu, Wenwei Peng, Shaoda Wang, and Daniel Xu
This paper examines how power lawyers shape judicial and economic outcomes by studying the “revolving door” between judges and lawyers in China’s judicial system—namely, former judges who quit the bench to practice law. In otherwise identical lawsuits, revolving-door lawyers deliver...
The analysis of corporate governance begins with a central feature of modern capitalism—the separation of ownership and control in large corporations—first empirically documented by Berle and Means (1932). Such separation entails several agency problems reflecting conflicts between managers and shareholders,...
Sequential choices are ubiquitous in daily life, yet making optimal decisions in such settings—where properly accounting for option value is crucial—can be challenging. This paper provides field experimental evidence on the neglect of option value in high-stakes decisions and quantifies...
Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
The latest economic commentary from UChicago's leading scholars, fellows, and special guests. Featuring Research Briefs, Interactive Charts, Videos, Podcasts, and more.
Recessions restrain IT investments while expansion policy indirectly stimulates them. These effects occur in a symmetrical manner. For example, in the healthcare industry, economic downturns restrain hospitals’ investments while hospitals exposed to a Medicaid expansion purchase more IT.
More than three years after Russia’s full-scale invasion of Ukraine, the war continues to reshape not only geopolitical alliances but also the economies of both countries. In this episode of The Pie, host Tess Vigeland is joined by Konstantin Sonin,...
Income gaps between states have stopped narrowing at the same time that rising housing costs—linked to increased zoning restrictions—have reshaped who can afford to live in high-wage places.
During the United States’ Reconstruction Era (1865-77), people with the same physical skin tone were more likely racialized as White or Mulatto if they were wealthier or literate. This historical finding underscores the fluidity of socially constructed racial classifications and...
This paper examines how power lawyers shape judicial and economic outcomes by studying the “revolving door” between judges and lawyers in China’s judicial system—namely, former judges who quit the bench to practice law. In otherwise identical lawsuits, revolving-door lawyers deliver...
The analysis of corporate governance begins with a central feature of modern capitalism—the separation of ownership and control in large corporations—first empirically documented by Berle and Means (1932). Such separation entails several agency problems reflecting conflicts between managers and shareholders,...
Sequential choices are ubiquitous in daily life, yet making optimal decisions in such settings—where properly accounting for option value is crucial—can be challenging. This paper provides field experimental evidence on the neglect of option value in high-stakes decisions and quantifies...
The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.
The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
John Zhuang Liu, Wenwei Peng, Shaoda Wang, and Daniel Xu
This paper examines how power lawyers shape judicial and economic outcomes by studying the “revolving door” between judges and lawyers in China’s judicial system—namely, former judges who quit the bench to practice law. In otherwise identical lawsuits, revolving-door lawyers deliver...
The analysis of corporate governance begins with a central feature of modern capitalism—the separation of ownership and control in large corporations—first empirically documented by Berle and Means (1932). Such separation entails several agency problems reflecting conflicts between managers and shareholders,...
Sequential choices are ubiquitous in daily life, yet making optimal decisions in such settings—where properly accounting for option value is crucial—can be challenging. This paper provides field experimental evidence on the neglect of option value in high-stakes decisions and quantifies...
Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.