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- - - About the Becker Friedman Institute
      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...
    - Our Legacy
      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.
  - - Pre-Doctoral Research Professionals
      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+
      Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
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- - - Culture, Policy, and Economic Development
      Natalie Bau, Sara Lowes, and Eduardo Montero
      Culture shapes how policies are made and how people react to them. This chapter explores how culture and development policy affect each other. First, we provide evidence that cultural mismatch — specifically a mismatch between project manager background and the...
      Building Costs and House Prices
      Brian Potter and Chad Syverson
      We take a long, broad, and theoretically agnostic view toward the connection between building costs and house prices in the US housing market. We find that building costs have never had all that much explanatory power over US housing prices,...
      Borrowing Constraints, Markups, and Misallocation
      Huiyu Li, Chen Lian, Yueran Ma, and Emily Martell
      We document new facts that link firms’ markups to borrowing constraints: (1) less constrained firms within an industry have higher markups, especially in industries where assets are difficult to borrow against and firms rely more on earnings to borrow; (2)...
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      Authoritarian Propaganda and Social Networks
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  - - BFI Data Studio
      Separation of Church and State Curricula? Examining Public and Religious Private School Textbooks
      Local Economies, Global Perspective
      Lessons from the Biggest Business Tax Cut in US History
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      Green Bubble Stigma: Texting, Status, and Market Power
      AI, the Economy, and Public Policy
      Tariffs, Trade, and a Misused Model
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      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.
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      Jul 9
      The Safer Streets Mission: Causes, Solutions and Next Steps to Reducing Violence
      Aug 21
      2025 Women in Empirical Microeconomics Conference
      Aug 27
      Economic Theory Conference X
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People·Visiting Scholar

Adrien Auclert

Stanford University

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Related Research

Excess Savings and Twin Deficits: The Transmission of Fiscal Stimulus in Open Economies
Demographics, Wealth, and Global Imbalances in the Twenty-First Century

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Six Saieh Family Fellows Join Chicago Economics Community for 2021-22 Academic Year

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About
- - - About the Becker Friedman Institute
      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...
    - Our Legacy
      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.
  - - Pre-Doctoral Research Professionals
      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+
      Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
Network
Scholars
Research
- - - Culture, Policy, and Economic Development
      Natalie Bau, Sara Lowes, and Eduardo Montero
      Culture shapes how policies are made and how people react to them. This chapter explores how culture and development policy affect each other. First, we provide evidence that cultural mismatch — specifically a mismatch between project manager background and the...
      Building Costs and House Prices
      Brian Potter and Chad Syverson
      We take a long, broad, and theoretically agnostic view toward the connection between building costs and house prices in the US housing market. We find that building costs have never had all that much explanatory power over US housing prices,...
      Borrowing Constraints, Markups, and Misallocation
      Huiyu Li, Chen Lian, Yueran Ma, and Emily Martell
      We document new facts that link firms’ markups to borrowing constraints: (1) less constrained firms within an industry have higher markups, especially in industries where assets are difficult to borrow against and firms rely more on earnings to borrow; (2)...
- - - View All
Insights
- - - Research Briefs
      Meaning at Work
      Firm Premia and Match Effects in Pay vs. Amenities
      Authoritarian Propaganda and Social Networks
    - View All
  - - BFI Data Studio
      Separation of Church and State Curricula? Examining Public and Religious Private School Textbooks
      Local Economies, Global Perspective
      Lessons from the Biggest Business Tax Cut in US History
    - View All
  - - Podcasts
      Green Bubble Stigma: Texting, Status, and Market Power
      AI, the Economy, and Public Policy
      Tariffs, Trade, and a Misused Model
    - View All
  - - Videos
      
      BFI Youtube Channel
      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.
Events
- - - Upcoming Events
      Jul 9
      The Safer Streets Mission: Causes, Solutions and Next Steps to Reducing Violence
      Aug 21
      2025 Women in Empirical Microeconomics Conference
      Aug 27
      Economic Theory Conference X
    - View All
News
- - - Search

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Research Briefs

BFI Data Studio

Podcasts

Videos

Upcoming Events

The Safer Streets Mission: Causes, Solutions and Next Steps to Reducing Violence

2025 Women in Empirical Microeconomics Conference

Economic Theory Conference X

Research Briefs

BFI Data Studio

Podcasts

Videos

Upcoming Events

The Safer Streets Mission: Causes, Solutions and Next Steps to Reducing Violence

2025 Women in Empirical Microeconomics Conference

Economic Theory Conference X