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...
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.
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+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
Artificial intelligence is increasingly used for political advice. We study an AI that is better informed about a payoff-relevant state and cares both about accuracy and about the perceived welfare of the individual it advises. The AI then has an...
The classic literature argues that a large middle class is a prerequisite for economic development. Is this true when AI progress threatens to disrupt the labor market? On the one hand, uncertainty about the consequences can impede the passage of...
Hunt Allcott, Amy Finkelstein, Anna Grummon, and Matthew Notowidigdo
As of July 2026, 23 states had approved policies that disallow spending of SNAP benefits on sugary drinks. The effects of such restrictions on consumption are unclear, however, since most households can simply switch to buying sugary drinks with non-SNAP...
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.
In this project, UChicago and NYU economists Richard Hornbeck, Anders Humlum, and Martin Rotemberg have led efforts to digitize the surviving historical records on American manufacturing establishments during the second Industrial Revolution, making it easily accessible to researchers and the general public.The underlying data comes from the Census of Manufactures in 1850, 1860, 1870, and 1880. As with the population and agricultural censuses, this effort relied on numerous enumerators (primarily U.S. Marshals and their assistants) who visited manufacturing establishments throughout the country. This effort resulted in establishment-level manufacturing information from an important period in American economic development.
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...
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.
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+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
Artificial intelligence is increasingly used for political advice. We study an AI that is better informed about a payoff-relevant state and cares both about accuracy and about the perceived welfare of the individual it advises. The AI then has an...
The classic literature argues that a large middle class is a prerequisite for economic development. Is this true when AI progress threatens to disrupt the labor market? On the one hand, uncertainty about the consequences can impede the passage of...
Hunt Allcott, Amy Finkelstein, Anna Grummon, and Matthew Notowidigdo
As of July 2026, 23 states had approved policies that disallow spending of SNAP benefits on sugary drinks. The effects of such restrictions on consumption are unclear, however, since most households can simply switch to buying sugary drinks with non-SNAP...
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.