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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
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          • 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
        • Green Tastes, Beliefs, and Portfolios: Evidence from Synthetic Investors
          Xindi He and Lubos Pastor

          We use LLMs as synthetic survey respondents to elicit green tastes, return beliefs, portfolio allocations, and investment motives from 480 retail and 60 institutional investor identities. Compared with retail, institutions report weaker tastes yet greener portfolio tilts, citing outside pressure....

          A Beckerian Theory of Taxation
          Margaret Chen, Mikhail Golosov, and Ilia Krasikov

          We study taxation in matching environments in which both equilibrium sorting and the sharing of match surplus are endogenous. Tax reforms lead to complex adjustments in sorting and surplus sharing patterns across the whole economy. We develop a general approach...

          Who Can Control Our Firms? National Security and Foreign Ownership Regulation
          Rodrigo Adão and Olivier Kooi

          Governments invoke national security to regulate foreign acquisitions of domestic firms. Why is ownership regulation a distinct policy margin beyond standard tools, like production subsidies and trade taxes? We show that contractual frictions make multinational firm boundaries central to geoeconomic...

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  • Insights
        • Research Briefs

          Capital-Skill Complementarity Beyond Firm Boundaries
          Crime in Covid Times
          (How) Do We Teach Emotions?
        • View All caret-right
        • BFI Data Studio

          Sticky Wage Norms and the Real Wage Cost of Unexpected Inflation
          The Impact of Pay Period Reporting on Improper Redeterminations for Medicaid: Problems and Implications for Implementation
          Carbon Prices, Forest Conservation and Reforestation in the Brazilian Amazon
        • View All caret-right
        • Podcasts

          Do Age Verification Laws Work? Evidence from Adult Websites
          The Everywhere Millionaire: Who’s Really Rich in America
          Why Your Raise Didn’t Keep Up with Inflation
        • 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

          Nov 2

          Fall 2026 Behavioral Economics Seminar Series

          Nov 4

          How to Win a Trade War

          Nov 5

          BFI Student Lunch Series – How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy with Soumaya Keynes

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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
        • Green Tastes, Beliefs, and Portfolios: Evidence from Synthetic Investors
          Xindi He and Lubos Pastor

          We use LLMs as synthetic survey respondents to elicit green tastes, return beliefs, portfolio allocations, and investment motives from 480 retail and 60 institutional investor identities. Compared with retail, institutions report weaker tastes yet greener portfolio tilts, citing outside pressure....

          A Beckerian Theory of Taxation
          Margaret Chen, Mikhail Golosov, and Ilia Krasikov

          We study taxation in matching environments in which both equilibrium sorting and the sharing of match surplus are endogenous. Tax reforms lead to complex adjustments in sorting and surplus sharing patterns across the whole economy. We develop a general approach...

          Who Can Control Our Firms? National Security and Foreign Ownership Regulation
          Rodrigo Adão and Olivier Kooi

          Governments invoke national security to regulate foreign acquisitions of domestic firms. Why is ownership regulation a distinct policy margin beyond standard tools, like production subsidies and trade taxes? We show that contractual frictions make multinational firm boundaries central to geoeconomic...

        • View All caret-right
  • Insights
        • Research Briefs

          Capital-Skill Complementarity Beyond Firm Boundaries
          Crime in Covid Times
          (How) Do We Teach Emotions?
        • View All caret-right
        • BFI Data Studio

          Sticky Wage Norms and the Real Wage Cost of Unexpected Inflation
          The Impact of Pay Period Reporting on Improper Redeterminations for Medicaid: Problems and Implications for Implementation
          Carbon Prices, Forest Conservation and Reforestation in the Brazilian Amazon
        • View All caret-right
        • Podcasts

          Do Age Verification Laws Work? Evidence from Adult Websites
          The Everywhere Millionaire: Who’s Really Rich in America
          Why Your Raise Didn’t Keep Up with Inflation
        • 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

          Nov 2

          Fall 2026 Behavioral Economics Seminar Series

          Nov 4

          How to Win a Trade War

          Nov 5

          BFI Student Lunch Series – How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy with Soumaya Keynes

        • 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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