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 Diversity in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
Jacob Goldin, Sebastian Koehne, and Nicholas Lawson
We study the optimal taxation of expenditures that generate income while also serving a consumption function. We characterize the Pareto optimal income tax deduction for such mixed-purpose expenditures within a generalized Atkinson-Stiglitz model. Pareto optimality requires a partial deduction for...
Alex G. Kim, Maximilian Muhn, Valeri Nikolaev, and Yijing Zhang
We introduce a novel approach to learning the information that investors react to when processing textual information. We use the attention mechanism that learns to identify content that triggers market reactions to disclosed information. The explanatory power of the attention-based...
Elite purges are an instrument of power control in authoritarian regimes. The purges in the Soviet Red Army during the 1937-38 Great Terror were one of the most intensive on record. Within two years, almost two thirds of the 1,863...