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Research Briefs

Research Briefs·Jul 18, 2024

Bankruptcy Resolution and Credit Cycles

Martin Kornejew, Chen Lian, Yueran Ma, Pablo Ottonello and Diego J. Perez
In countries with poorly functioning business bankruptcy institutions, business credit booms are followed by severe declines in output, investment, and consumption. In countries with well-functioning business bankruptcy institutions, credit booms are followed by only moderate changes in economic activities.
Research Briefs·Jul 18, 2024

Historical Differences in Female-Owned Manufacturing Establishments: The United States, 1850-1880

Ruveyda Gozen, Richard Hornbeck, Anders Humlum and Martin Rotemberg
During the late 1800s, manufacturing establishments owned by females were smaller than those owned by males and had lower capital-to-output ratios. Female-owned establishments employed more women and paid women higher wages, and were concentrated in sub-industries like women’s clothing and...
Topics: Employment & Wages
Research Briefs·Jul 11, 2024

Banking on Trust: Supervisory Transparency and Depositors’ Actions

Abhiman Das, Tanmoy Majilla and Rimmy E. Tomy
Following news of regulatory penalties on some banks, depositors withdraw money from both offending and proximate nonoffending branches, with more withdrawals from nonoffending branches in regions where trust in public institutions is lower.

Interactive Charts

Interactive Research Briefs·Jun 20, 2024

The Adoption of ChatGPT

Anders Humlum and Emilie Vestergaard
Half of workers have used ChatGPT, with younger, less experienced, higher-achieving, and especially male workers leading the curve. Workers see substantial productivity potential in using ChatGPT, and informing workers about expert assessments of ChatGPT shifts their beliefs but has limited...
Interactive Research Briefs·May 14, 2024

Return to Office and the Tenure Distribution

Austin Wright, David Van Dijcke and Florian Gunsilius
Return-to-office (RTO) mandates drive employees away from firms, with senior employees leaving at the highest rates, likely leading to significant human capital costs in terms of output, productivity, innovation, and competitiveness for the companies implementing strict RTO policies.

Podcasts

Podcast Jul 9, 2024

The Uncertainties of Climate Change

How can we incentivize the private and public sectors to develop and deploy solutions to climate change, while accounting for uncertainties? This episode of The Pie covers a panel discussion among professors David Keith of the Department of the Geophysical...
Topics: Energy & Environment
Podcast Jul 3, 2024

Using Cellphone Data to Observe Religious Worship in the United States

Tess Vigeland and Devin Pope
Using Cellphone Data to Observe Religious Worship in the United States What do location data from roughly 2.1 million cellphones say about religiosity in the United States? In this episode of The Pie, Devin Pope, Professor of Economics and Behavioral...
Topics: Technology & Innovation
Podcast Jun 11, 2024

India’s Economic Future

Raghuram Rajan and Tess Vigeland
India’s government has big goals for economic growth. The former Governor of the country’s Reserve Bank, Raghuram Rajan, argues that India won’t be able (and shouldn’t try) to follow traditional methods of development. Professor Rajan, now of the the Chicago...

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