In the wake of George Floyd’s death at the hands of Minneapolis police in May 2020 and the civil unrest that followed, many cities around the US have turned their attention to police reform measures. Of course, police reform is nothing new, and often comes in response to incidents that spark community outrage.

SUMMARY In Goolsbee and Syverson (2021), we used data from January through May 2020 to...

Capital gains tax rates have varied over the years, from well over 30 percent in the 1970s to 15 percent in the early 2000s to 20 percent today, which is roughly half the highest rate on taxable income. The reason capital gains tax rates have varied so much is because of the intense political debate surrounding their impact: Some maintain that low rates encourage entrepreneurship and capital formation, while others doubt that such benefits outweigh the equity and fiscal costs of lower rates.

In an insightful and engaging conversation presented by the University of Chicago’s Becker Friedman Institute,...

  Read Unedited Transcript In a new working paper, Preparing for a Pandemic: Accelerating Vaccine...