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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
        • Our Team
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        • 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
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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
        • View All caret-right
  • Scholars
    • UChicago Scholars
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  • Research
        • Paying for Power
          Fiona Burlig and Anant Sudarshan

          Developing country governments routinely attempt to collect revenue using threats they cannot systematically enforce. We study how citizens assess the credibility of such empty threats in the context of payment for electricity in Madhya Pradesh, India, where state-run utilities recovered...

          The Local Damages from Global Climate Change
          Tamma Carleton, Michael Greenstone, Solomon Hsiang, Andrew Hultgren, Robert E. Kopp, Kelly E. McCusker, Ishan Nath, James Rising, and Ashwin Rode

          This paper produces the first estimates of local damages from climate change, reflecting heterogeneous exposure and responses to climate for ∼25,000 globally comprehensive regions. Global damages from a marginal ton of CO2 emissions (i.e., the social cost of carbon) are...

          Beliefs and Actions under Government Policy Uncertainty: Evidence from Student Loan Forgiveness
          Dmitri Koustas, Michael Weber, and Constantine Yannelis

          How does uncertainty about future government policy affect households’ beliefs and subsequent borrowing, spending and debt payment behavior? We study these questions through the lens of student loan forgiveness in the United States, which following electoral promises, was announced in...

        • View All caret-right
  • Insights
        • Research Briefs

          Does Scarcity Tax Parents’ Minds?
          Consuming Values
          Why Bans Fail: Tipping Points and Australia’s Social Media Ban
        • View All caret-right
        • BFI Data Studio

          Carbon Prices, Forest Conservation and Reforestation in the Brazilian Amazon
          Nursing Homes: Predictably Unpredictable Inspections
          Unlocking the Power of Markets as a New Tool for Regulating Pollution
        • View All caret-right
        • Podcasts

          How Should Parents Respond When Grades are Good, But Test Scores are Bad?
          Tied to the Job: The Gains from Permanent Residency
          Life as a Lab: John List on the Art and Ethics of Field Experiments
        • 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

          Jul 9

          2026 Early Career Behavioral Economics Conference

          Aug 20

          Economic Theory Conference XI

          Aug 27

          2026 Reproduction of Society: Fertility, Family Planning, and Policy Design Conference

        • View All caret-right
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Economics
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Organization
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Macroeconomic
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Political
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Price
Theory
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Public
Economics
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Ronzetti Initiative
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Socioeconomic Inequalities
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Affiliates, Centers, and Programs

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TATA Centre For Development at UChicago

Projects

  • Behavioral Implications of Uncertainty in Macroeconomics (BUMP)
  • Economic Implications of COVID-19
  • Financial Market Oversight and Regulation
  • Housing, Household Debt, and the Macroeconomy
  • MFM / Macro Financial Modeling Project
  • Project on Foundational Research in Health Care Markets and Policies
  • The Monetary and Fiscal History of Latin America
  • University of Chicago Joint Program in Financial Economics
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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
        • Paying for Power
          Fiona Burlig and Anant Sudarshan

          Developing country governments routinely attempt to collect revenue using threats they cannot systematically enforce. We study how citizens assess the credibility of such empty threats in the context of payment for electricity in Madhya Pradesh, India, where state-run utilities recovered...

          The Local Damages from Global Climate Change
          Tamma Carleton, Michael Greenstone, Solomon Hsiang, Andrew Hultgren, Robert E. Kopp, Kelly E. McCusker, Ishan Nath, James Rising, and Ashwin Rode

          This paper produces the first estimates of local damages from climate change, reflecting heterogeneous exposure and responses to climate for ∼25,000 globally comprehensive regions. Global damages from a marginal ton of CO2 emissions (i.e., the social cost of carbon) are...

          Beliefs and Actions under Government Policy Uncertainty: Evidence from Student Loan Forgiveness
          Dmitri Koustas, Michael Weber, and Constantine Yannelis

          How does uncertainty about future government policy affect households’ beliefs and subsequent borrowing, spending and debt payment behavior? We study these questions through the lens of student loan forgiveness in the United States, which following electoral promises, was announced in...

        • View All caret-right
  • Insights
        • Research Briefs

          Does Scarcity Tax Parents’ Minds?
          Consuming Values
          Why Bans Fail: Tipping Points and Australia’s Social Media Ban
        • View All caret-right
        • BFI Data Studio

          Carbon Prices, Forest Conservation and Reforestation in the Brazilian Amazon
          Nursing Homes: Predictably Unpredictable Inspections
          Unlocking the Power of Markets as a New Tool for Regulating Pollution
        • View All caret-right
        • Podcasts

          How Should Parents Respond When Grades are Good, But Test Scores are Bad?
          Tied to the Job: The Gains from Permanent Residency
          Life as a Lab: John List on the Art and Ethics of Field Experiments
        • 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

          Jul 9

          2026 Early Career Behavioral Economics Conference

          Aug 20

          Economic Theory Conference XI

          Aug 27

          2026 Reproduction of Society: Fertility, Family Planning, and Policy Design Conference

        • 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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