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Becker Friedman Institute for Economics
  • About
        • About the Becker Friedman Institute
          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...
        • Our Legacy
          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.
        • Pre-Doctoral Research Professionals
          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+
          Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
        • Visitors & Fellows
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        • Research Initiatives
          • Big Data Initiative
          • Health Economics Initiative
          • Industrial Organization Initiative
          • International Economics and Economic Geography Initiative
          • Macroeconomic Research Initiative
          • Political Economics Initiative
          • Price Theory Initiative
          • Public Economics Initiative
          • Ronzetti Initiative for the Study of Labor Markets
          • Socioeconomic Inequalities Initiative
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        • Global Initiatives
          • BFI-China
          • BFI-Latin America
          • Tata Centre for Development
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        • Programs & Centers
          • Development Economics Center
          • Expanding Discovery in Economics+ (EDE+)
          • Experimental Economics Program
          • Global Center for Economic Growth - Growth Academy
          • Gracias Center for Human Sciences and Well-Being
          • Macro Finance Research Program
          • Program in Behavioral Economics Research
          • TMW Center for Early Learning + Public Health
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  • Scholars
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  • Research
        • Physician Competition: Entry and Substitution
          Joshua Gottlieb and Sean Nicholson

          We describe competition in the physician market, focusing on how entry barriers and substitution possibilities have changed in recent decades. Regulatory caps on medical school seats and residency slots—especially for high-paying specialties—continue to ration entry, generate high returns for those...

          Firm Data on AI
          Ivan Yotzov, Jose Maria Barrero, Nicholas Bloom, Philip Bunn, Steven J. Davis, Kevin Foster, Aaron Jalca, Brent Meyer, Paul Mizen, Michael A. Navarrete, Pawel Smietanka, Gregory Thwaites, and Ben Zhe Wang

          We survey nearly 6,000 senior business executives at US, UK, German, and Australian firms to develop new evidence on AI adoption and its effects on jobs, productivity, and output. Specifically, we ask executives about AI usage, its effects at their...

          Does Scarcity Tax Parents’ Minds?
          Ariel Kalil and Mauricio Koechlin

          Parents with limited income spend less time than their advantaged counterparts engaging in educational activities with their children. A common explanation is that financial scarcity creates a “bandwidth tax” on cognition. The scarcity framework highlights two components: attentional capacity (the...

        • View All caret-right
  • Insights
        • Research Briefs

          Inferring Prices from Quantities
          Managers and the Cultural Transmission of Gender Norms
          Attention (And Money) Is All You Need: Why Universities Are Struggling to Keep AI Talent
        • View All caret-right
        • BFI Data Studio

          Unlocking the Power of Markets as a New Tool for Regulating Pollution
          Explore Historical Manufacturing Data
          The Hidden Volatility of American Workers’ Paychecks
        • View All caret-right
        • Podcasts

          The Geography of Human Capital: Why Rich Regions Stay Rich
          Eugene Fama on 60 Years of Finance Research, Index Funds, and Market Efficiency
          The Transformation of Capitalism: 250 Years After Adam Smith
        • View All caret-right
        • Videos

          BFI Youtube Channel external
          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.
  • Events
        • Upcoming Events

          Mar 23

          Spring 2026 Behavioral Economics Seminar Series

          Mar 23

          Policy Outlook Panel: Iran, Oil, and the Logic of Modern Military Intervention

          Mar 27

          Spring 2026 Development Lunch Workshop

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© 2026 Becker Friedman Institute for Economics at the University of Chicago

  • About
        • About the Becker Friedman Institute
          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...
        • Our Legacy
          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.
        • Pre-Doctoral Research Professionals
          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+
          Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
        • Visitors & Fellows
        • Our Team
        • BFI Employment Opportunities
        • Contact
  • Network
        • Research Initiatives
          • Big Data Initiative
          • Health Economics Initiative
          • Industrial Organization Initiative
          • International Economics and Economic Geography Initiative
          • Macroeconomic Research Initiative
          • Political Economics Initiative
          • Price Theory Initiative
          • Public Economics Initiative
          • Ronzetti Initiative for the Study of Labor Markets
          • Socioeconomic Inequalities Initiative
        • View All caret-right
        • Global Initiatives
          • BFI-China
          • BFI-Latin America
          • Tata Centre for Development
        • View All caret-right
        • Programs & Centers
          • Development Economics Center
          • Expanding Discovery in Economics+ (EDE+)
          • Experimental Economics Program
          • Global Center for Economic Growth - Growth Academy
          • Gracias Center for Human Sciences and Well-Being
          • Macro Finance Research Program
          • Program in Behavioral Economics Research
          • TMW Center for Early Learning + Public Health
        • View All caret-right
  • Scholars
    • UChicago Scholars
    • Visiting Scholars
    • Saieh Family Fellows
    • Predoctoral Research Professionals
  • Research
        • Physician Competition: Entry and Substitution
          Joshua Gottlieb and Sean Nicholson

          We describe competition in the physician market, focusing on how entry barriers and substitution possibilities have changed in recent decades. Regulatory caps on medical school seats and residency slots—especially for high-paying specialties—continue to ration entry, generate high returns for those...

          Firm Data on AI
          Ivan Yotzov, Jose Maria Barrero, Nicholas Bloom, Philip Bunn, Steven J. Davis, Kevin Foster, Aaron Jalca, Brent Meyer, Paul Mizen, Michael A. Navarrete, Pawel Smietanka, Gregory Thwaites, and Ben Zhe Wang

          We survey nearly 6,000 senior business executives at US, UK, German, and Australian firms to develop new evidence on AI adoption and its effects on jobs, productivity, and output. Specifically, we ask executives about AI usage, its effects at their...

          Does Scarcity Tax Parents’ Minds?
          Ariel Kalil and Mauricio Koechlin

          Parents with limited income spend less time than their advantaged counterparts engaging in educational activities with their children. A common explanation is that financial scarcity creates a “bandwidth tax” on cognition. The scarcity framework highlights two components: attentional capacity (the...

        • View All caret-right
  • Insights
        • Research Briefs

          Inferring Prices from Quantities
          Managers and the Cultural Transmission of Gender Norms
          Attention (And Money) Is All You Need: Why Universities Are Struggling to Keep AI Talent
        • View All caret-right
        • BFI Data Studio

          Unlocking the Power of Markets as a New Tool for Regulating Pollution
          Explore Historical Manufacturing Data
          The Hidden Volatility of American Workers’ Paychecks
        • View All caret-right
        • Podcasts

          The Geography of Human Capital: Why Rich Regions Stay Rich
          Eugene Fama on 60 Years of Finance Research, Index Funds, and Market Efficiency
          The Transformation of Capitalism: 250 Years After Adam Smith
        • View All caret-right
        • Videos

          BFI Youtube Channel external
          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.
  • Events
        • Upcoming Events

          Mar 23

          Spring 2026 Behavioral Economics Seminar Series

          Mar 23

          Policy Outlook Panel: Iran, Oil, and the Logic of Modern Military Intervention

          Mar 27

          Spring 2026 Development Lunch Workshop

        • View All caret-right
  • News
    • BFI News
    • Media Mentions
    • Press Releases
  • Info For
    • Scholars
    • Students
    • Media
    • Pre-Doctoral Research Professionals
  • Subscribe
    • Join Our Weekly Briefing Newsletter
    • Newsletter Archive
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