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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.
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          • Price Theory Initiative
          • Public Economics Initiative
          • Ronzetti Initiative for the Study of Labor Markets
          • Socioeconomic Inequalities Initiative
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          • Expanding Discovery in Economics+ (EDE+)
          • Development Economics Center
          • Global Center for Economic Growth - Growth Academy
          • Macro Finance Research Program
          • Program in Behavioral Economics Research
          • TMW Center for Early Learning + Public Health
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  • Research
        • Rational Disagreement
          Nabil I. Al-Najjar and Harald Uhlig

          We propose rational disagreement as a formal framework for analyzing seemingly irrational behavior that can persist despite the wide availability of objective information in a steady-state. Agents are rational in that they correctly anticipate the distribution of aggregate outcomes, yet...

          FinTech and Customer Capital
          Bianca He, Lauren Mostrom, and Amir Sufi

          Financial Technology (“FinTech”) firms invest significantly more in customer capital relative to traditional financial firms, and such investment builds valuable customer capital. Higher investment by FinTech firms is not accounted for by sectoral focus or differences in firm age. Reasons...

          Business Concentration around the World: 1900-2020
          Yueran Ma, Mengdi Zhang, and Kaspar Zimmermann

          We collect new data to document the long-run evolution of the firm size distribution in ten market-based economies in Asia, Europe, North America, and Oceania, where we can obtain comprehensive coverage of the population of firms. Around the world, we...

        • View All caret-right
  • Insights
        • Research Briefs

          Closed Visas Trap Temporary Foreign Workers in Worse Jobs
          Time-Based Competition Defines Digital Markets: Field Experiments Show Breaking Up Meta Would Harm Users
          Direct Lenders Make Inroads into Middle Market Banking, but the Market Still Belongs to Traditional Providers
        • 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

          Venezuela After Maduro: What Comes Next?
          Why Banks Exist and Why They Fail: Douglas Diamond on Runs, Regulation, and the Risks of Short-Term Debt
          At What Age Does Family Income Most Shape Your Future? Timing and Intergenerational Mobility
        • 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

          Jan 26

          Winter 2026 Behavioral Economics Seminar Series

          Jan 29

          2026 Conference on Budget Analysis and Public Policy

          Jan 30

          How Economists Could Help Inform Economic and Budget Analysis Used by the US Congress

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Media Mention·Jan 3, 2024

Eighteen UChicago faculty members receive named, distinguished service professorships in 2024

UChicago News; Omri Ben-Shahar, Veronica Guerrieri, Guido Lorenzoni, Harold Pollack, and Greg Kaplan
Related People
  • Guido Lorenzoni
  • Omri Ben-Shahar
  • Veronica Guerrieri
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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
          • Chicago Experiments 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
          • Expanding Discovery in Economics+ (EDE+)
          • Development Economics Center
          • Global Center for Economic Growth - Growth Academy
          • 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
        • Rational Disagreement
          Nabil I. Al-Najjar and Harald Uhlig

          We propose rational disagreement as a formal framework for analyzing seemingly irrational behavior that can persist despite the wide availability of objective information in a steady-state. Agents are rational in that they correctly anticipate the distribution of aggregate outcomes, yet...

          FinTech and Customer Capital
          Bianca He, Lauren Mostrom, and Amir Sufi

          Financial Technology (“FinTech”) firms invest significantly more in customer capital relative to traditional financial firms, and such investment builds valuable customer capital. Higher investment by FinTech firms is not accounted for by sectoral focus or differences in firm age. Reasons...

          Business Concentration around the World: 1900-2020
          Yueran Ma, Mengdi Zhang, and Kaspar Zimmermann

          We collect new data to document the long-run evolution of the firm size distribution in ten market-based economies in Asia, Europe, North America, and Oceania, where we can obtain comprehensive coverage of the population of firms. Around the world, we...

        • View All caret-right
  • Insights
        • Research Briefs

          Closed Visas Trap Temporary Foreign Workers in Worse Jobs
          Time-Based Competition Defines Digital Markets: Field Experiments Show Breaking Up Meta Would Harm Users
          Direct Lenders Make Inroads into Middle Market Banking, but the Market Still Belongs to Traditional Providers
        • 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

          Venezuela After Maduro: What Comes Next?
          Why Banks Exist and Why They Fail: Douglas Diamond on Runs, Regulation, and the Risks of Short-Term Debt
          At What Age Does Family Income Most Shape Your Future? Timing and Intergenerational Mobility
        • 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

          Jan 26

          Winter 2026 Behavioral Economics Seminar Series

          Jan 29

          2026 Conference on Budget Analysis and Public Policy

          Jan 30

          How Economists Could Help Inform Economic and Budget Analysis Used by the US Congress

        • 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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