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Becker Friedman Institute for Economics
  • 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.
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        • Efficiency, Insurance, and Redistribution Effects of Government Policies
          Anmol Bhandari, David Evans, Mikhail Golosov, and Thomas J. Sargent

          This paper decomposes welfare measures of policy reforms into parts attributable to redistribution and parts due to efficiency. We further decompose efficiency into subcomponents such as gains from better insurance against idiosyncratic and aggregate risk. Our decomposition of welfare measures...

          Multidimensional Signaling and the Rise of Cultural Politics
          Daron Acemoglu, Georgy Egorov, and Konstantin Sonin

          In turbulent times, political labels become increasingly uninformative about politicians’ true policy preferences or their ability to withstand the influence of special interest groups. We offer a model in which politicians use campaign rhetoric to signal their political preferences in...

          Trading Goods for Lives: NAFTA’s Mortality Impacts and Implications
          Amy Finkelstein, Matthew Notowidigdo, and Steven Shi

          We estimate the mortality impact of local labor market exposure to the 1994 North American Free Trade Agreement (NAFTA) as well as to other local area shocks, and provide a parsimonious empirical explanation for differently-signed mortality estimates across different sources...

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  • Insights
        • Research Brief

          Business Concentration Around the World: 1900-2020
          Protected: Diversionary Escalation: Theory and Evidence from Eastern Ukraine
          How Does AI Distribute the Pie? Large Language Models and the Ultimatum Game
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        • BFI Data Studio

          Unlocking the Power of Markets as a New Tool for Regulating Pollution
          Explore Historical Manufacturing Data
          The Hidden Volatility of American Workers’ Paychecks
        • View All caret-right
        • Podcasts

          The Transformation of Capitalism: 250 Years After Adam Smith
          Laboratories of Autocracy: What Happens When China Shuts Down Its Policy Experiments
          Who Really Paid for the Tariffs? Brent Neiman on Liberation Day’s Economic Aftermath
        • View All caret-right
        • Videos

          BFI Youtube Channel external
          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

          Mar 20

          2026 IOG Spring Conference

          Mar 23

          Spring 2026 Behavioral Economics Seminar Series

          Mar 27

          Spring 2026 Development Lunch Workshop

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Saul Galvez

Northwestern University, 2021 Cohort
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© 2026 Becker Friedman Institute for Economics at the University of Chicago

  • 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.
        • Visitors & Fellows
        • Our Team
        • BFI Employment Opportunities
        • Contact
  • Network
        • Research Initiatives
          • Big Data Initiative
          • Health Economics Initiative
          • Industrial Organization Initiative
          • International Economics and Economic Geography Initiative
          • Macroeconomic Research Initiative
          • Political Economics Initiative
          • Price Theory Initiative
          • Public Economics Initiative
          • Ronzetti Initiative for the Study of Labor Markets
          • Socioeconomic Inequalities Initiative
        • View All caret-right
        • Global Initiatives
          • BFI-China
          • BFI-Latin America
          • Tata Centre for Development
        • View All caret-right
        • Programs & Centers
          • Development Economics Center
          • Expanding Discovery in Economics+ (EDE+)
          • Experimental Economics Program
          • Global Center for Economic Growth - Growth Academy
          • Gracias Center for Human Sciences and Well-Being
          • Macro Finance Research Program
          • Program in Behavioral Economics Research
          • TMW Center for Early Learning + Public Health
        • View All caret-right
  • Scholars
    • UChicago Scholars
    • Visiting Scholars
    • Saieh Family Fellows
    • Predoctoral Research Professionals
  • Research
        • Efficiency, Insurance, and Redistribution Effects of Government Policies
          Anmol Bhandari, David Evans, Mikhail Golosov, and Thomas J. Sargent

          This paper decomposes welfare measures of policy reforms into parts attributable to redistribution and parts due to efficiency. We further decompose efficiency into subcomponents such as gains from better insurance against idiosyncratic and aggregate risk. Our decomposition of welfare measures...

          Multidimensional Signaling and the Rise of Cultural Politics
          Daron Acemoglu, Georgy Egorov, and Konstantin Sonin

          In turbulent times, political labels become increasingly uninformative about politicians’ true policy preferences or their ability to withstand the influence of special interest groups. We offer a model in which politicians use campaign rhetoric to signal their political preferences in...

          Trading Goods for Lives: NAFTA’s Mortality Impacts and Implications
          Amy Finkelstein, Matthew Notowidigdo, and Steven Shi

          We estimate the mortality impact of local labor market exposure to the 1994 North American Free Trade Agreement (NAFTA) as well as to other local area shocks, and provide a parsimonious empirical explanation for differently-signed mortality estimates across different sources...

        • View All caret-right
  • Insights
        • Research Brief

          Business Concentration Around the World: 1900-2020
          Protected: Diversionary Escalation: Theory and Evidence from Eastern Ukraine
          How Does AI Distribute the Pie? Large Language Models and the Ultimatum Game
        • View All caret-right
        • BFI Data Studio

          Unlocking the Power of Markets as a New Tool for Regulating Pollution
          Explore Historical Manufacturing Data
          The Hidden Volatility of American Workers’ Paychecks
        • View All caret-right
        • Podcasts

          The Transformation of Capitalism: 250 Years After Adam Smith
          Laboratories of Autocracy: What Happens When China Shuts Down Its Policy Experiments
          Who Really Paid for the Tariffs? Brent Neiman on Liberation Day’s Economic Aftermath
        • View All caret-right
        • Videos

          BFI Youtube Channel external
          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

          Mar 20

          2026 IOG Spring Conference

          Mar 23

          Spring 2026 Behavioral Economics Seminar Series

          Mar 27

          Spring 2026 Development Lunch Workshop

        • View All caret-right
  • News
    • BFI News
    • Media Mentions
    • Press Releases
  • Info For
    • Scholars
    • Students
    • Media
    • Pre-Doctoral Research Professionals
  • Subscribe
    • Join Our Weekly Briefing Newsletter
    • Newsletter Archive
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