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Insights / Podcast episodeDec 02, 2021

Global Warming, Local Impact: The Economic Landscape of Climate Change

Which economies will suffer most from global warming, and by just how much? Will others...
Insights / Research BriefNov 30, 2021

The Rise of Pass-Throughs and the Decline of the Labor Share

Matthew Smith, Danny Yagan, Owen Zidar, Eric Zwick
The past 40 years have seen labor’s share of US corporate-sector income (or value added) fall five percentage points vs. the share going to capital, from 62.9 percent to 57.9 percent. This decline in labor’s share has not only fueled calls for higher taxes on the wealthy to stem growing inequality but has also led to dire warnings about the future of democracy should this trend persist, a lá Thomas Piketty’s 2014 Capital in the Twenty-First Century.
Topics:  Fiscal Studies
Insights / Research BriefNov 10, 2021

The Economic Geography of Global Warning

José-Luis Cruz, Esteban Rossi-Hansberg
That unchecked climate change will profoundly affect the world’s economy well into the future is almost universally accepted among researchers. But the world is not a homogeneous economy; likewise, climate change will also affect different parts of the world in different ways.
Topics:  Energy & Environment
Insights / Research BriefOct 28, 2021

The Returns to College(s): Relative Value-Added and Match Effects in Higher Education

Jack Mountjoy, Brent R. Hickman
Of the many decisions facing high school students—and their parents—few loom larger than whether and where to attend college. Families with college-bound children often go to great lengths to ensure admission into a “good” school. But do colleges with successful graduates actually contribute to their students’ success, or simply enroll the types of students who would do well no matter where they attend?
Topics:  Higher Education & Workforce Training
Insights / Research BriefOct 21, 2021

Community Membership and Reciprocity in Lending: Evidence from Informal Markets

Rimmy Tomy, Regina Wittenberg-Moerman
Imagine that you are a wholesale provider of textiles to retailers who sell their wares in a large bazaar in one of many communities across India. As a wholesaler, you receive your inventory from a large supplier in say, Mumbai or Delhi. It’s a challenging business; margins are thin, and your livelihood depends on your retailers’ success. At the same time, retailers often do not have enough money to purchase your wares and, therefore, you need to provide credit. To whom do you lend? In an informal market that is absent balance sheets and sales data, who do you trust? Where do you get your information?
Topics:  Financial Markets
Insights / Podcast episodeOct 21, 2021

Can Monetary Policy Solve Inflation and Unemployment?

Inflation has spiked, even while the economy still recovers. What can the Fed do? It’s...
Insights / Research BriefSep 21, 2021

Heterogeneous Impacts of Sentencing Decisions

Andrew Jordan, Ezra Karger, Derek Neal
Nearly 50 years ago, an idea took hold that had profound effects on the lives of convicted felons in the United States: Those in prison were largely unreformable. The many attempts at rehabilitation and re-entry introduced in the 1960s and 1970s were deemed a failure by many observers, and it was time to get tough. Incarceration rates soared in the coming decades, accompanied by a prison boom.
Special Feature

UChicago Economic Insights in Education

As students of all ages head back to school this fall, policymakers face unprecedented challenges as the COVID pandemic continues create disruption. University of Chicago economists have produced a wide range of research on early childhood development, K-12 education, and higher education that provide useful insights and findings. A sample of topics is below, in addition to our full library of working papers in education.