September 18, 2017 | Poets & Quants
At least 16 of the top 25 U.S. schools are reporting application increases in 2016-2017, with four programs showing double-digit rises in the number of candidates wanting a seat in their MBA classes. At both the University of Chicago’s Booth School of Business and Carnegie Mellon’s Tepper School of Business, applications rose 13.5% last year.
September 18, 2017 | The Globe and Mail
The University of Chicago's Booth School of Business recently asked a panel of 50 prominent U.S. economists whether the benefits of subsidizing professional sports venues exceed the cost to taxpayers. Nearly six out of 10 said no.
September 16, 2017 | Investor's Business Daily
Luigi Zingales, finance professor at the University of Chicago Booth School of Business, is calling for a more-proactive antitrust approach that would have kept Facebook from buying up Instagram and WhatsApp.
September 14, 2017 | New York Magazine
My first problem, it seems, is thinking of these two modes as a binary, said Reid Hastie, who studies decision-making at the University of Chicago Booth School of Business. “I actually think it’s better to describe them as a continuum,” says Hastie, author of the 2009 book Rational Choice in an Uncertain World: The Psychology of Judgment and Decision Making. “Almost any thought process we’re interested in is a combination of the two.”
September 14, 2017 | Poets & Quants
Julie Morton is associate dean of careers services and corporate relations at Booth. She says half of her team is responsible for spreading the word about the value of hiring MBA grads.
September 12, 2017 | Vox
"The EITC, in addition to being good economics and encouraging more low-income people to work, gives Democrats an entree into the [tax-policy debate] that doesn't focus on the groups at the top that don't really need more tax cuts," said Austan Goolsbee, former chair of Obama's Council of Economic Advisers, now a University of Chicago economics professor.
September 12, 2017 | Crain's Chicago
Mark Tebbe, founder of Answers.com: Tebbe, now adjunct professor of entrepreneurship at the University of Chicago Booth School of Business, involves himself in most things tech and entrepreneurial; aside from civic pride, who knows if he would devote time to bringing an established company to the city.
September 12, 2017 | Livemint
The widely-accepted consensus of what fuelled credit growth in the run-up to the Great Recession (2007-09) has been largely consistent and has centered on the findings of Atif Mian of Princeton University and Amir Sufi of Chicago Booth School of Business.
September 11, 2017 | Bloomberg
“What the stock market does drives a lot of this,” said Steven Kaplan, a professor of entrepreneurship and finance at the University of Chicago’s Booth School of Business. “And in fiscal ’17, the stock market was great.”
September 11, 2017 | Fortune
In a poll on highly skilled immigration, a whopping 95% of economists who answered thought that the average American would be better off with more immigrants; the other 5 % were uncertain.
September 9, 2017 | Business Insider
"He wants someone at the Fed where he can call them and say 'I want you to do A, B and C,'" said Austan Goolsbee, University of Chicago economist and former top economic advisor to President Barack Obama, in an interview with CNBC.
September 9, 2017 | Business Insider
The problem is unlikely to go away on its own. Studies by University of Chicago economist Rena Conti and Harvard University pharmaceutical policy researcher Aaron Kesselheim show that more than 50 percent of all off-patent drugs are produced by two or fewer manufacturers.
September 8, 2017 | Forbes India
Rajan took over as RBI chief on September 4, 2013, and held the position for three years before going back to teaching at the University of Chicago.
September 8, 2017 | Vox
"We decided to focus on MBAs, because if you think about women’s access to the top echelons, the corporate sector is one where they have had a particularly difficult time," says Marianne Bertrand, an economist at the University of Chicago who led the study.
September 8, 2017 | U.S. News
This psychological phenomenon is known as "mental accounting," a phrase popularized by Richard Thaler, a behavioral economist at the University of Chicago's Booth School of Business, and it's important to understand how it can adversely affect your personal finances.
September 7, 2017 | Business Insider
Discussing the outlook for future policy moves likes tax reform after President Trump sided with the Democrats over the debt ceiling with Lanhee Chen, Hoover Institution fellow and former Romney and Rubio campaign advisor, and Austan Goolsbee, University of Chicago's Booth School of Business and former Council of Economic Advisors chair.
September 6, 2017 | NPR
In a February survey from the University of Chicago, two-thirds of economists surveyed disagreed with the premise that "if the U.S. significantly lowers the number of H-1B visas now, employment for American workers will rise materially over the next four years." None agreed. (The rest had no opinion or did not answer.)
September 6, 2017 | The Atlantic
John Paul Rollert, who teaches ethics at the University of Chicago’s Booth School of Business (and who writes frequently for The Atlantic), agrees with McDonald that there isn’t—or shouldn’t be—any real difference in standards between “business ethics” and human ethics.
September 6, 2017 | The New York Times
Op-ed by Chang-Tai Hsieh - If you live in a coastal city like New York, Boston or San Francisco, you know that the cost of housing has skyrocketed. This housing crisis did not happen by chance: Increasingly restrictive land-use regulations in the last half-century contributed to it.
September 5, 2017 | Fast Company
“Even considering just a couple of the most widely and thoroughly researched behavioral science principles, [they have] the potential to improve the effect of development programs and development policies–in some cases pretty dramatically–at little or no cost,” says Christopher Bryan, an assistant professor at University of Chicago Booth School of Business, who co-authored the report.
September 5, 2017 | Financial Times
“Students must be prepared to challenge themselves, rather than prove themselves. And be open to challenge from others. MBAs must be willing to engage in everything on offer because the qualification goes way beyond just taking classes." - Professor Ayelet Fishbach, professor of behavioural science and marketing, University of Chicago Booth School of Business
September 1, 2017 | Marketplace
“They are misunderstanding that if you piss people off, you pay a price,” said Richard Thaler, an economist at the Booth School of Business at the University of Chicago.
September 3, 2017 | Huffington Post
In a recent interview with The Times of India, Raghuram Rajan, former governor of the Reserve Bank of India, said that it was important for India to get its citizens to pay tax, but that demonetisation had not proved to be a fruitful exercise.
August 31, 2017 | CNBC
Austan Goolsbee, University of Chicago Booth School of Business, and Diane Swonk, DS Economics founder and CEO, discuss Treasury Secretary Steve Mnuchin's comments on tax reform and raising the debt ceiling.
August 31, 2017 | Financial Times
Business schools are reacting by trying to broaden the pool of MBA employers. At Chicago’s Booth School of Business, technology companies such as Amazon and Google have overtaken management consultancies and investment banks as the biggest hirers in recent years.
August 31, 2017 | Fox
Austan Goolsbee, former chairman of the Council of Economic Advisers under the Obama Administration, on Thursday compared the housing market crash, which began in 2007, to the economic damages Hurricane Harvey is set to cause the state of Texas.
August 31, 2017 | Bloomberg
As routine jobs get outsourced and automated, “moderate education no longer cuts it”, Rajan said in a keynote address at a conference at the Stigler Center at the University of Chicago Booth School of Business on political economy of finance.
August 31, 2017 | The Guardian
Pressure for change is mounting. Luigi Zingalesm, a professor at the University of Chicago Booth School, recently told the Financial Times that he and others believe antitrust laws should be reverted back to old laws that also limited political power – and in particular, continued the FT article, “the ability of rich companies and people in coastal areas to control everyone and everything else”.
August 30, 2017 | WTTW
This skills gap is just one impediment to increasing the number of Americans who hold well-paid, full-time employment. “How to Create Middle-Class Jobs,” the September cover story in Chicago Booth Review, discusses a range of obstacles, including education and preparedness, infrastructure and regulation. (The University of Chicago Booth School of Business publishes the magazine.)
August 30, 2017 | Bloomberg
Austan Goolsbee, economics professor at the University of Chicago Booth School, discusses the outlook for U.S. budget negotiations with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
August 29, 2017 | Success.com
Nicholas Epley, the John T. Keller Professor of behavioral science at the University of Chicago and author of Mindwise: How We Understand What Others Think, Believe, Feel, and Want, says what’s lost is something fundamental to human connection—something we don’t even realize happens during a conversation.
August 29, 2017 | Business Because
Chicago Booth is home to a social impact hub, the Rustandy Center for Social Sector Innovation, which equips graduates “with the knowledge and tools to positively impact humanity.”
August 17, 2017 | Chicago Tribune
At the University of Chicago, the 2017 incoming class of executive MBA candidates is 37 years old on average, with 13 years of experience. For the past five years, an average 31 percent of the incoming class of executive MBA students have been age 40 or older.
August 18, 2017 | Bloomberg
The thing is, it doesn't seem to matter all that much for consumer spending, according to an analysis by economists including Amir Sufi and Atif Mian. That's puzzling, but it doesn't mean that the optimism gap is unimportant.
August 17, 2017 | Bloomberg
Former Federal Reserve Governor Randy Kroszner, a professor at the University of Chicago Booth School of Business, discusses Fed policy with Bloomberg's Vonnie Quinn and Nejra Cehic on "Bloomberg Markets."
August 16, 2017 | Inc.
Policy-related uncertainty is higher than it's been in decades, having intensified after the surprise election of Donald Trump, whose agenda and style of government differ significantly from what came before it, says Steven Davis, a professor of business economics at the University of Chicago's Booth School of Business.
August 15, 2017 | The Washington Post
“It’s certainly a sign that Trump’s more controversial stuff isn’t playing well with companies selling to middle America,” said (Austan) Goolsbee, now a professor at the University of Chicago.
August 15, 2017 | The New York Times
It is hardly surprising that government — not Wall Street or big business — gets the blame. As noted in another study by economists at Princeton, the University of Chicago and the University of British Columbia, it is the government that mediates the competing interests of creditors and debtors.
August 14, 2017 | Education Post
August 11, 2017 | Livemint
Firms are seen as entities trying to maximize profits by managing resources efficiently. This benign definition might not hold for big companies, whose revenues rival that of governments, argues Luigi Zingales, professor of finance at the Chicago Booth School of Business.
August 10, 2017 | U.S. News
Stacey Kole, a clinical professor of economics and deputy dean of the full-time MBA program at the University of Chicago's Booth School of Business, says an excellent business school is one that not only discusses current business trends but also teaches survival strategies that will help students confront unanticipated changes throughout their business careers.
August 10, 2017 | Bloomberg
In a recent paper, Bank of Italy's Emilia Bonaccorsi di Patti and the University of Chicago's Anil Kashyap found that banks which successfully recover from sharp drops in profitability have something in common: They avoid throwing good money after bad by resolutely shutting off credit to their riskiest clients.
August 10, 2017 | Bloomberg
Finally, Austan Goolsbee, a professor at the University of Chicago’s Booth School of Business, says the U.S. isn’t doing a great job about measuring part-time jobs in the labor economy.
August 8, 2017 | Salon
Richard Thaler, an economist at the University of Chicago School of Business, suggests a way to dispense with malpractice insurance premiums altogether: Those with a record of providing high-quality care at good value could apply to the government for a safe harbor from malpractice suits. Organizations that receive this status could require patients to waive their right to sue for adverse outcomes.
August 8, 2017 | The Washington Post
In an op-ed, Devin Pope, professor of behavioral science and does research in behavioral economics, writes, "Women, as a now-former Google engineer recently reminded the world, are underrepresented in several mathematical fields, including physics, computer science and engineering. The causes of that under-representation are hotly debated, with barriers to entry and gender differences in test scores widely discussed as underlying reasons. But new data analysis underscores the importance of another factor in the gap: confidence."
August 8, 2017 | Vox
Nearly 10,000 people graduated with MBAs from University of Chicago’s Booth School of Business between 1990 and 2006.
August 7, 2017 | Quartz
Neale Mahoney, an associate professor of economics at the University of Chicago Booth School of Business, says 50% is probably too high a number to attribute solely to medical debt: the equivalent of about 382,000 annual medical-related bankruptcy filings last year.
August 7, 2017 | TIME
In one 2014 study by Nicholas Epley of the University of Chicago Booth School of Business and the author of Mindwise: How We Understand What Others Think, Believe, Feel and Want, participants heading to work via train either refrained from engaging with fellow passengers or made conversation.
August 7, 2017 | The Washington Post
“When policy uncertainty goes up, firms that are more exposed to the policy have a bigger pull back,” said Steven Davis, a professor of international business and economics at the University of Chicago Booth School of Business.
August 4, 2017 | Fortune
“It is difficult to find systematic evidence from the recent crisis that involvement in proprietary trading increased the risk of failure,” wrote Randall S. Kroszner, a former member of the Board of Governors of the Federal Reserve and professor of economics at the University of Chicago Booth School of Business, in a recent academic paper.
August 3, 2017 | Financial Review
"I foray out from academia for a few years at a time and I'm always happy to return," he says from the University of Chicago Booth School of Business, where he has been a long-time professor of finance.
August 2, 2017 | Business Insider
A recent analysis from economists Thomas Picketty, Emmanuel Saez, and Gabriel Zucman cited by the University of Chicago’s Booth School of Business found that the bottom 50% of Americans saw zero income growth over the past 35 years.
August 1, 2017 | Economic Times
It will be valuable for the Fed to start cutting its balance sheet sooner rather than later so that they can do it gently in the back ground without scaring the markets like in 2013, said Randall S Kroszner, an economics professor at the University of Chicago's Booth School of Business.
August 1, 2017 | Bloomberg
Just like regulators, economists can be captured by powerful corporations and individuals, as University of Chicago economist Luis Zingales has argued.
August 1, 2017 | Bloomberg
Luigi Zingales of Chicago’s Booth School of Business and Oliver Hart of Harvard start with the proposition that company managers and boards do indeed have a fiduciary duty to shareholders, but their duty is to maximize the shareholders’ overall welfare, which includes things other than the value of their shares.
July 31, 2017 | Bloomberg
Or perhaps the shareholders do own the corporation, but its job is not to maximize their wealth. What would its job be, then? Oliver Hart of Harvard and Luigi Zingales of the University of Chicago answer: "Companies Should Maximize Shareholder Welfare Not Market Value."
July 30, 2017 | Bloomberg
The central-bank chief must be “able to successfully deal with Italy’s banking crisis, which isn’t over yet,” said Luigi Zingales, a professor at the University of Chicago Booth School of Business, who himself has been mentioned as a possible choice by Rome’s la Repubblica newspaper.
July 29, 2017 | Forbes
In a new Stigler Center paper, Harvard Professor and Nobel laureate Oliver Hart and University of Chicago Booth School of Business Professor Luigi Zingales (Faculty Director of the Stigler Center and one of the editors of this blog) take a novel perspective to this question. While agreeing with Friedman’s premise that managers should care only about shareholders’ interest, Hart and Zingales reject the view that shareholders only care about money.
July 29, 2017 | Travel and Leisure
For positive experiences, consumers are reluctant to eliminate categories, while the opposite is true for negative experiences because eliminating categories makes it feel like more of the experience has passed,” write authors Anuj K. Shah (University of Chicago Booth School of Business) and Adam L. Alter (New York University).
July 29, 2017 | Beat the GMAT
For example, the University of Chicago’s Booth School of Business offers a flexible curriculum that allows students to choose which courses to take and when based on their experience and career goals.
July 28, 2017 | Bloomberg
Austan Goolsbee,economics professor at the University of Chicago Booth School, discusses the prospects for U.S. tax reform with Bloomberg's Julia Chatterley and Scarlet Fu on "Bloomberg Markets."
July 28, 2017 | Forbes
University of Chicago behavioral economics professor Richard Thaler told me plainly that we’re not doing our job if we don’t know this stuff, and I believe the CFP® Board can do a lot to enhance their requisite training in this arena.
July 21, 2017 | CNBC
Austan Goolsbee, Booth School of Business, and Ryan Streeter, American Enterprise Institute, provide perspective on what it takes to accelerate economic growth.
July 20, 2017 | Bloomberg Magazine
Luigi Zingales, director of the university’s Stigler Center, likes to remind people that the reason Google and Facebook were able to succeed is that the U.S. in 1998, under Bill Clinton, sued Microsoft Corp. for tying its web browser to its Windows operating system to undermine rival Netscape.
July 18, 2017 | Scientific American
One such scenario is described in the following survey question, submitted in June 2016 to a panel of economists by the University of Chicago’s Booth School of Business: “Granting every American citizen over 21 years old a universal basic income of $13,000 a year—financed by eliminating all transfer programs (including Social Security, Medicare, Medicaid, housing subsidies, household welfare payments and farm and corporate subsidies)—would be a better policy than the status quo.” Only 2 percent of survey respondents agreed whereas 43 percent disagreed and 17 percent strongly disagreed.
July 18, 2017 | Bloomberg
The thing is, it doesn't seem to matter all that much for consumer spending, according to an analysis by economists including Amir Sufi and Atif Mian.
July 17, 2017 | The Washington Post
In a 2012 survey of 41 prominent economists by the University of Chicago, 85 percent agreed that Americans were better off under NAFTA than under previous trade rules. Only 5 percent said they were uncertain, and none disagreed.
July 12, 2017 | Marketplace
Scott Baker from the Kellogg School of Management at Northwestern University developed the index along with Nicholas Bloom at Stanford University and Steven Davis at the University of Chicago.
July 12, 2017 | The Nation
Raghuram Rajan, a world-renowned economist (ex-chief economist of the IMF) with global authority through lectures (in leading institutions like Chicago’s Booth School, Princeton, etc.) and numerous prestigious publications on capital and monetary management, entrepreneurial innovation and on the role of a responsible government, was selected 4 years back.
July 12, 2017 | Quartz
The researchers—Kerwin Kofi Charles and Erik Hurst of the University of Chicago, Mark Aguiar of Princeton, and Mark Bils of the University of Rochester—start with the observation that the hours worked by young men aged 21 to 30 have fallen 12% from their peak in 2000 to 2015. For older men aged 31 to 55, the fall in hours worked was 8% over the same period.
July 10, 2017 | Poets & Quants
The University of Chicago’s Booth School of Business, for example, has about 414 international students (34.9% of total full-time enrollment), while Columbia Business School has 372 (48%), Duke University’s Fuqua School of Business has 343 (38.3%), Harvard Business School has 331 (35%), MIT’s Sloan School of Management has 312 (38.6%), both Yale University School of Management (36.9%) and the University of Michigan’s Ross School of Business (32%) have 256, and UCLA’s Anderson School of Management has 230 (31.3%).
July 10, 2017 | Poets & Quants
It’s a sign of the times. The top three undergraduate universities have long been known by the shorthand HYP (Harvard, Yale and Princeton), while the top three business schools have gone by the acronym HSW, obviously meaning Harvard, Stanford, and Wharton. In recent years, the University of Chicago’s Booth School of Business has come on so strong that many think the W has fallen off the acronym.
Don’t feel guilty about your to-do list this weekend—research shows play before work is just as much fun.
July 8, 2017 | Quartz
New research from the University of Chicago Booth School of Business suggests that may not be the case. Researchers found that while people expect to enjoy fun activities more if they’ve completed work first, play before work is in fact just as fun as its opposite.
July 7, 2017 | The Wall Street Journal
Does this sound far-fetched? More often than any of us care to admit, investors’ behavior is shaped by what Richard Thaler, an economist at the University of Chicago Booth School of Business, calls SIFs, “supposedly irrelevant factors” rooted in mood and emotion.
July 7, 2017 | New York Magazine
Fun stuff is just as fun even if you haven’t “earned” it. Ed O’Brien, a professor at the Chicago Booth School of Business, co-authored this new study, published in Psychological Science, and he wrote about his work this week for Harvard Business Review.
July 7, 2017 | Vox
“There has been a lot of research on how technology affects labor demand, how robots are displacing workers,” said Erik Hurst, an economist from the University of Chicago who was one of the researchers involved in the study, which was published Monday. “But no one had really looked at the effect of technology on someone’s willingness to work.”
July 7, 2017 | CBS News
"When we look in the data, you see for young men this huge shift in time spent toward computer activities," which is primarily due to computer games, said Erik Hurst, a professor of economics at the University of Chicago Booth School of Business and one of the authors of the paper, published at the National Bureau of Economic Research. "Time changes are usually more gradual, and the heart of the paper is trying to disentangle why this change occurred."
July 7, 2017 | Financial Times
This week, four economists — Mark Aguiar, Mark Bils, Kerwin Kofi Charles and Erik Hurst — published their latest research paper studying the impact of awesome computer games on the US job market.
July 3, 2017 | U.S. News and World Report
In fact, there are few policy topics on which economists agree more – only one out of 35 of the top economists polled by the University of Chicago Booth School of Business believes that the benefits of sports subsidies outweigh their costs to taxpayers.
June 30, 2017 | The New York Times
For a 21st-century problem, we suggest a 21st-century solution: a reallocation of property rights via legislation to provide more incentives to compete.
June 21, 2017 | Psychology Today
In the new study, published this week in Psychological Science, Ed O’Brien, a social psychologist at the University of Chicago Booth School of Business, set up a series of experiments with a colleague to test whether delaying gratification pays off the way we expect.
June 21, 2017 | Huffington Post
In 2013, the University of Chicago Booth School of Business published a paper that looked at 4,000 married couples in America. It found that once a woman started to earn more than her husband, divorce rates increased.
June 15, 2017 | The New York Times
Steven J. Davis, an economist at the University of Chicago, helped create an index showing that the average time it takes to fill a job is the longest since January 2001.
June 7, 2017 | Financial Advisor Magazine
The Research Affiliates’ study doesn’t disprove the impact of politics on the U.S. market, according to Pietro Veronesi at the University of Chicago Booth School of Business. Veronesi, with his colleague Lubos Pastor, have posited that investors demand higher equity risk premiums in the U.S. under Democratic presidents, due in part to expectations of higher tax rates.
June 6, 2017 | U.S. News & World Report
Chicago Booth ranks 3rd.
June 5, 2017 | Marketplace
"When you're doing your taxes, you're just the IRS' lowest-paid employee," said Austan Goolsbee, a professor of economics at the University of Chicago and former chairman of Obama's Council of Economic Advisers. "All you’re doing is typing in information they already have."
June 5, 2017 | Associated Press
Companies founded from 2009 to 2011 had a nearly 51 percent chance of still being in business five years later, almost 3 percent higher than the average survival of a company for the previous 15 years, according to Waverly Deutsch, a professor of entrepreneurship at Booth.
June 4, 2017 | The Wall Street Journal
According to data compiled by Eugene Fama, a finance professor at the University of Chicago Booth School of Business, and Kenneth French, a finance professor at Dartmouth College’s Tuck School of Business, the decile of stocks with the highest momentum beat the S&P 500 by just 1.3 percentage points over the 10 years through March 31 of this year (before transaction costs).
June 2, 2017 | Chicago Tribune
"It was a great business until the people at the top decided that strategy didn't matter for them and that they would forever be able to play the same game and win," said James Schrager, clinical professor of entrepreneurship and strategy at the University of Chicago's Booth School of Business.
June 1, 2017 | CNBC
Indeed, low natural gas prices are expected to support further U.S. emissions reductions, noted Randy Kroszner, economics professor at the University of Chicago and former Federal Reserve Governor. In fact, he added, Beijing is the one most in need of reform: "The key for world climate change is China."
May 30, 2017 | Forbes
Research done by Professors Eugene Fama at the University of Chicago and Kenneth French at the Tuck School of Business at Dartmouth College have presented findings that suggest strong returns of actively managed mutual funds is more due to luck and not skill. If Fama and French are correct, your investments is not the place to be active.
May 29, 2017 | Forbes
Thanks to Scott R. Baker of Northwestern University, Nicholas Bloom of Stanford University and Steven J. Davis of the University of Chicago, we have a measure or proxy for Higgs’s regime uncertainty.
May 28, 2017 | Strait Times
Among the speakers that year was Dr Raghuram Rajan, the chief economist of the International Monetary Fund who was given the job two years earlier at age 40. It was meant to be a celebration of the Greenspan era but what the audience, which included Mr Greenspan, heard from Dr Rajan was a prognosis of dire tidings to come.
May 27, 2017 | Strait Times
The AMPF, held at the Shangri-La Hotel, is co-organised by the University of Chicago Booth School of Business, the National University of Singapore Business School and the Monetary Authority of Singapore.
May 26, 2017 | The Wall Street Journal
“I used to go around asking CFOs why they had split their stock, and their tried-and-true answer was usually that investors expected them to be in some range,” said economist Richard Thaler of the University of Chicago Booth School of Business, who co-authored an academic paper on stock splits with Mr. Weld in 2009. Mr. Thaler isn’t convinced: “That never made sense to me.”
May 26, 2017 | CNBC
"Banks are in a much safer place than they were. The problem is the overall level of risk in the economy hasn't diminished considerably. If you make the banks safer, it has to go somewhere else," said < a href="https://www.chicagobooth.edu/faculty/directory/r/raghuram-g-rajan">Rajan, who is currently a professor of finance at the University of Chicago Booth School of Business.
May 25, 2017 | NPR
She pointed to the plummeting employment rate of young men as one macro-development related to iGen, and cited the work of University of Chicago economist Erik Hurst. Last year, in a university profile, Hurst discussed his research on the dwindling percentage of young males without a college degree in the labor force and this trend’s connection to leisure-time technology.
May 23, 2017 | Bloomberg
University of Chicago Booth School Professor Austan Goolsbee, former chairman of President's Council of Economic Advisors under President Barack Obama, discusses President Donald Trump's 2018 budget.
May 22, 2017 | Chicago Tribune
Indonesian entrepreneur Tandean Rustandy, who earned an MBA from the University of Chicago's Booth School of Business in 2007, has donated $20 million to the school's social innovation center.
May 19, 2017 | Bloomberg
Luigi Zingales, professor at University of Chicago Booth School of Business, discusses Brexit and the Tory Party’s manifesto.
May 19, 2017 | Bloomberg
Luigi Zingales, a professor at University of Chicago’s Booth School of Business, says Republicans have been missing in action in keeping Trump in check.
May 15, 2017 | Financial Times
But as University of Chicago Booth School professor Luigi Zingales, who recently organised a conference around corporate power and its dampening effect on the economy, points out: “It’s not that we don’t pay for digital services — we do pay dearly, with our data, and our attention.”
May 13, 2017 | Washington Post
In fact, in a recent paper, University of Chicago Booth School of Business economics professor Owen Zidar looked at changes to the tax code over the postwar period, with an eye toward comparing the economic effects of tax cuts felt by the rich vs. the poor. He found that the relationship between tax cuts and job growth is primarily driven by cuts for lower-income groups and that the economic effects of tax cuts for the top 10 percent are tiny.
May 13, 2017 | Salon
During the May 8 edition of CNN Newsroom, Moore — CNN’s “senior economics analyst” — was joined by University of Chicago economist Austan Goolsbee to discuss the merits of billionaire businessman and philanthropist Warren Buffett’s argument that the Trump health care agenda amounts to little more than a tax cut for the rich funded by cuts to health care subsidies for low-income Americans.
May 12, 2017 | Bloomberg
University of Chicago Booth School of Business Professor Randy Kroszner discusses what’s good and bad in the Volcker Rule as Treasury Secretary Steven Mnuchin is said to have begun a review of the rule.
May 11, 2017 | Livemint
Oleg Urminsky of The University of Chicago Booth School of Business believes that people have a positivity bias about future.
Here’s what flight crews — and passengers — can learn from United dragging and viral airline incidents that followed
May 10, 2017 | New York Daily News
John Paul Rollert, an adjunct professor at the University of Chicago’s Booth School of Business and author of a blistering takedown of Spirit Airlines, says the ease of filming such interactions means airlines “have to get used to the fact that people are watching at all times.”
May 9, 2017 | The Atlantic
“There is no doubt that men are working much less during the 2000s, and it doesn’t look like it’s a cyclical pattern as much as it is structural,” said Erik Hurst, an economist at the University of Chicago’s Booth School of Business.
May 8, 2017 | The Washington Post
Out of 42 top economists surveyed by the Initiative on Global Markets at the University of Chicago Booth School of Business, 37 said Trump’s proposal would not pay for itself through added growth. The other five did not answer the question.
May 8, 2017 | The Washington Post
The University of Chicago's Booth School of Business regularly polls economists on controversial questions. In a survey the school published last week on Trump's tax plans, only two out of the 37 economists that responded said that the cuts would stimulate the economy enough to cancel out the effect on total tax revenue.
Those two economists now both say they made a mistake, and that they misunderstood the question.
May 4, 2017 | The Washington Post
The figures were published Tuesday by Chicago's Initiative on Global Markets, which regularly polls a panel of prominent economists for their opinions on issues in the news.
May 3, 2017 | CNBC
Former Fed governor Randy Kroszner says the uncertainty has not bothered the stock markets so the Fed may have a similarly positive view about U.S. growth.
May 2, 2017 | Bloomberg
One of the people that I like talking to is Richard Thaler, who is a behavioral economist. The way that people think they behave and the way they actually behave are often two different things.
May 2, 2017 | Los Angeles Times
“We have to focus on upgrading skills of American workers,” said Raghuram Rajan, a University of Chicago professor and former governor of India’s central bank. A lot of the new jobs, he added, are in the service industry, but getting them into rural areas and smaller communities is a big challenge. “These are important questions that the administration has to ask.”
May 2, 2017 | Bloomberg
In 2012, 95 percent of leading economists surveyed by the University of Chicago Booth School of Business agreed with the following statement: “Freer trade improves productive efficiency and offers consumers better choices, and in the long run these gains are much larger than any effects on employment.”
May 1, 2017 | Live Mint
That is because working towards a comfortable retirement maybe a mere justification for keeping busy. Chicago Booth professor Christopher Hsee says that an important reason people engage in activities is that they dislike being idle.
May 2017 | The Atlantic
Richard Thaler, an economist at the University of Chicago and one of the field’s pioneers, told The Wall Street Journal in 2015 that saving for retirement is “a prototypical behavioral-economics problem” because it is “cognitively hard—figuring out how much to save—and requires self-control.”
April 30, 2017 | Money Week
That’s a shame because, as a new study shows, cutting taxes on the poor is a good way to boost economic growth. Owen Zidar, an assistant professor of economics at the University of Chicago Booth School of Business, looked at tax cuts in the US for the postwar period, then at their impact on different states. He found that a lot more jobs were generated in the poorer states for each tax cut than in the richer ones.
April 28, 2017 | NPR
RANDALL KROSZNER: The U.S. economy is an enormous, massive thing, and to try to get all the numbers together really quickly is pretty tough.
April 28, 2017 | Seattle Times
The Seahawks even have an academic validation for their MO. In his 2016 book “Misbehaving,” University of Chicago economist Richard H. Thaler argues that teams should always trade out of the first round for multiple picks in the second or later rounds.
April 27, 2017 | Newsweek
In fact, in a 1999 analysis of six tax changes since 1922, University of Chicago economist Austan Goolsbee found that it was quite unlikely the government would raise more revenue that would offset increasing deficits by cutting marginal tax rates below where they are now.
April 21, 2017 | Financial Times
“What is different this time is that all the engines are firing for the first time,” says Raghuram Rajan, a former Indian central bank governor and IMF chief economist. “They are not firing very strongly. But they are firing.”
April 17, 2017 | USA Today
“I don’t think there is any reason to believe Millennials are more risk averse than other (generational) cohorts,” says Richard Thaler, a professor at the University of Chicago’s Booth School of Business.
April 24, 2017 | Readers Digest
"It's easy to imagine all the ways things will go badly or believe that this person doesn't want to connect," Nicholas Epley, a professor of behavioral science at the University of Chicago Booth School of Business told the New York Times. But if you reach out, he continued, "almost everybody reaches back."
April 21, 2017 | Forbes
The distinct Booth experience is something that the school’s Associate Dean for Student Recruitment and Admissions, Kurt Ahlm is keenly aware of as he and his team put together the application each year
April 18, 2017 | CNBC
She summarized University of Chicago Booth School of Business findings for NPR, saying that, in their sample, dissatisfaction increased, and could lead to divorce, "once a woman started to earn more than her husband."
April 17, 2017 | Daily Show
Former Obama administration economist Austan Goolsbee weighs in on how President Trump's budget affects the economy and talks about the U.S.'s changing workforce.
April 17, 2017 | Poets & Quants
Now it’s putting some distance between it and the next biggest finance factory: In 2016 the second-most finance MBAs came not from the Northeast but the Midwest, the University of Chicago’s Booth School of Business, which moved up to 35.0% from 34.8% in 2015.
April 17, 2017 | Bloomberg
A recent paper by the University of Chicago Booth School of Business professor Owen Zidar demonstrates the differences between cutting taxes for the well-off and cutting them for those of modest means.
April 17, 2017 | New York Magazine
Nicholas Epley, a psychologist at the University of Chicago’s Booth School of Business, thinks many people see email as a less anxiety-inducing form of talking.
April 12, 2017 | The Economist
ONE sign that monopolies are a problem in America is that the University of Chicago has just held a summit on the threat that they may pose to the world’s biggest economy.
April 12, 2017 | Fortune
Commentary by John Paul Rollert. United has now offered Dao a sincere apology—Munoz said Wednesday morning that he felt “shame” over the incident—and one suspects they will soon be offering him a lot of money too. He deserves it. He deserved better. The rest of us do too.
April 12, 2017 | PhysOrg
Another objectionable example harkens back to a well-known 2004 paper by Marianne Bertrand of the University of Chicago Booth School of Business and Sendhil Mullainathan of Harvard University. The economists sent out close to 5,000 identical resumes to 1,300 job advertisements, changing only the applicants' names to be either traditionally European American or African American.
April 12, 2017 | Bloomberg
Austan Goolsbee, economics professor at University of Chicago, and Douglas Holtz-Eakin, president of American Action Forum, discuss the difficulty of trying to get tax reform in the U.S.
April 12, 2017 | Bloomberg/Yahoo!
Austan Goolsbee, economics professor at University of Chicago, and Douglas Holtz-Eakin, president of American Action Forum, discuss a letter penned by multiple economist to politicians about the merits of immigration for the U.S.
April 10, 2017 | CNBC
"If there is excess volatility due to non-fundamental reasons, eliminating it will result in lower volatility and more efficient markets," Stefano Giglio, associate professor of finance at the University of Chicago's Booth School at Business, wrote to CNBC on Monday.
April 7, 2017 | Finanz und Wirtschaft
Raghuram Rajan, Professor of Finance at the University of Chicago and former governor of the Reserve Bank of India, warns of more turmoil ahead if the developed world fails to adapt to the fundamental forces of global change.
April 7, 2017 | TREND Magazine
Eugene Fama is a living legend of modern finance theory. He has been teaching at the University of Chicago Booth School of Business for over 50 years, having earned tenure at the age of 26. He has worked alongside celebrity professors such as Friedrich von Hayek, Milton Friedman, Ronald Coase, and Gary Becker.
April 6, 2017 | Bloomberg
The short answer is: rarely. Research by University of Illinois’s Petro Lisowsky and Chicago Booth’s Michael Minnis demonstrates that almost two-thirds of medium-to-larger private companies choose not to produce audited GAAP statements.
April 6, 2017 | Forbes
I first heard the noted American economist and author Dr. Richard Thaler give a speech about something called “behavioral finance” over 20 years ago. It was my introduction to a new field of research in economics.
April 6, 2017 | Chicago Tribune
Even with new anti-corruption regulations, it's estimated that one out of seven firms suffers from ongoing fraud, according to an August 2014 research paper co-written by Luigi Zingales, a professor at the University of Chicago. (Experts from the University of Toronto and University of California at Berkeley also contributed).
April 6, 2017 | Business Insider
New analysis from Poets and Quants shows that graduates from elite MBA programs are being heavily recruited by tech firms. For instance, over the past five years, Amazon has hired 445 MBA grads from Chicago, Northwestern, MIT, Columbia, Michigan, and Duke.
April 5, 2017 | USA Today
“Mental accounting is essentially the household equivalent of financial accounting, but it is often done without conscious thought,” says Richard Thaler, a professor at the University of Chicago Booth School of Business and author of Misbehaving: The Making of Behavioral Economics.
April 3, 2017 | NBC News
"People dread idleness, and their professed reasons for activity may be mere justifications for keeping busy," University of Chicago professor of behavioral science and marketing Christopher Hsee observed.
April 3, 2017 | Forbes
These aren’t totally uncharted waters. The University of Chicago’s Richard Thaler, one of the world’s leading behavioral economists, has suggested in the past where the line between incentivizing and manipulating lies.
April 3, 2017 | Metro
Dr Nicholas Epley, a professor of behavioral science at the University of Chicago told Quartz, "Historically, anthropomorphising has been treated as a sign of childishness or stupidity, but it's actually a natural byproduct of the tendency that makes humans uniquely smart on this planet.
April 3, 2017 | Country Living UK/Yahoo!/Cosmopolitan/Redbook
"Historically, anthropomorphising has been treated as a sign of childishness or stupidity, but it's actually a natural byproduct of the tendency that makes humans uniquely smart on this planet," Dr Nicholas Epley, a professor of behavioral science at the University of Chicago said.
March 31, 2017 | Quartz
“Historically, anthropomorphizing has been treated as a sign of childishness or stupidity, but it’s actually a natural byproduct of the tendency that makes humans uniquely smart on this planet,” says Nicholas Epley, a professor of behavioral science at the University of Chicago.
Who's a clever boy! Talking to your pets (and even your car) is a sign of social intelligence, scientists say
March 31, 2017 | Daily Mail
Nicholas Epley, a professor of behavioral science at the University of Chicago and an anthropomorphism expert, told Quartz: 'Historically, anthropomorphizing has been treated as a sign of childishness or stupidity, but it’s actually a natural byproduct of the tendency that makes humans uniquely smart on this planet'.
March 2, 2017 | Fast Company
“You need positive feedback if you’re unsure about your task commitment,” says University of Chicago behavioral scientist Ayelet Fishbach, “that is, if you think the task might be too challenging for you. You also need positive feedback if you’re a novice and have only recently started working on the task.”
March 21, 2017 | Bloomberg
Eugene Fama, the University of Chicago finance professor, proved the “expectations theory” in his groundbreaking research on spot and forward rates.
March 20, 2017 | Big Think
Despite the uncertainty, they actually report being happier than they were 15 years ago. So what’s making them content to stay out of work? Better video games, says Erik Hurst, an economist at the University of Chicago who co-authored a study on this shift in the labor supply:
April/May 2017 | 1843 Magazine
What these individuals are not doing is clear enough, says Erik Hurst, an economist at the University of Chicago, who has been studying the phenomenon.
March 14, 2017 | CNBC
Women "walk a tightrope" in financial advisor jobs, where their bosses have less tolerance for missteps, said co-author Gregor Matvos of the University of Chicago.
March 14, 2017 | Inc.
Writing in the New York Times recently, Ayelet Fisbach, a professor at University of Chicago's Booth School of Business, notes: "People send résumés and go to interviews thinking that they care only about salaries and promotions.
March 14, 2017 | US News & World Report
In the full-time MBA rankings,the Wharton School at the University of Pennsylvania moves up three places to tie with Harvard University at No. 1. The Booth School of Business at the University of Chicago follows at No. 3, while Stanford University, the Sloan School of Business at the Massachusetts Institute of Technology and the Kellogg School of Management at Northwestern University tie at No. 4.
March 14, 2017 | NBC
The University of Chicago's Booth School of Business ranked third in the business category of U.S. News & World Report's new list of the best graduate schools for 2018.
March 14, 2017 | Fortune Magazine
The study was conducted by finance professors Mark Egan of the University of Minnesota Carlson School of Management, Gregor Matvos of the University of Chicago Booth School of Business, and Amit Seru of Stanford Graduate School of Business.
March 13, 2017 | Forbes
Kellogg’s Executive MBA program (#2), and Chicago Booth’s Executive MBA program (#3) maintained their positions in the global rankings, while also dominating the top spots in the Midwest regional ranking.
March 13, 2017 | New York Magazine
March 13, 2017 | Poets & Quants
Most importantly for the U.S. News ranking, Berkeley Haas retained its high peer assessment score of 4.5 out of 5. That score, calculated from a fall 2016 survey that asked B-school deans and MBA program directors at 360 part-time MBA programs to rate the other part-time programs, accounts for 50% of the total measure of each school. Only Chicago Booth, at 4.7, received a higher score than Haas.
March 8, 2017 | Chicago Tribune
The University of Chicago's Booth School of Business has named a new dean, Stanford accounting scholar Madhav Rajan.
March 8, 2017 | Crain's Chicago Business
University of Chicago's Booth School of Business is turning again to Stanford University, picking a business school faculty member—and another native of India—to be its next dean.
March 8, 2017 | Poets & Quants
When the University of Chicago’s Booth School of Business last needed a dean, it turned to Stanford University’s Graduate School of Business for one. Today (March 8), it went back to the GSB well and fished out yet another Stanford super star, Madhav V. Rajan, the school’s former senior associate dean for academic affairs.
March 8, 2017 | Business Insider
T=17. University of Chicago — Climbing two places from its ranking of 19th in 2017, Chicago's business school has produced famous alumni including the founder of Oracle Larry Ellison.
March 7, 2017 | Business Insider
By contrast, “the Republican plan, as outlined right now, really is centrally about income redistribution, of the reverse Robin Hood variety,” said Austan Goolsbee, a University of Chicago economics professor who was chairman of Obama’s Council of Economic Advisers.
March 7, 2017 | The Wall Street Journal
Then three economics and finance professors—Scott Baker of Northwestern University, Nick Bloom of Stanford University and Steven Davis of the University of Chicago—created a series of Economic Policy Uncertainty, or EPU, indexes. And sure enough, according to Prof. Harvey, gold shows a modest historical correlation with the global version of the EPU.
March 6, 2017 | CNBC
Discussing the inflation story in the U.S. as Trump economic policies take shape, with Austan Goolsbee, University of Chicago Booth School of Business economics professor
March 6, 2017 | The New Yorker
Indeed, for all the business complaints about Obama’s actions during the Great Recession, work by the economists Atif Mian and Amir Sufi indicates that uncertainty about his policies had a trivial impact.
February 28, 2017 | The Huffington Post
William J. Chopik from Michigan State University and Ed O’Brien from University of Chicago wanted to know if just living with a happy person could also affect a person’s health in a positive way.
February 27, 2017 | Financial Times
Chris Lecatsas-Lyus, director of career management for Chicago Booth in Europe, is a psychotherapist and career coach. Alongside colleagues in Chicago and Hong Kong, she offers coaching to alumni facing career dilemmas at the business school’s three global campuses and for any age up to retirement — even beyond, in some cases.
February 27, 2017 | FOX
Former Chairman of the Council of Economic Advisors and University of Chicago Booth School of Business’ Austan Goolsbee discussed the potential U.S. market and economic outlook under President Trump.
February 22, 2017 | New York Magazine
In June, Erik Hurst, a professor at the University of Chicago’s Booth School of Business, delivered a graduation address and later wrote an essay in which he publicized statistics showing that, compared with the beginning of the millennium, working-class men in their 20s were on average working four hours less per week and playing video games for three hours.
February 22, 2017 | Economic Times
During his stint as the Reserve Bank of India governor, Raghuram Rajan often found himself in the headlines. But after stepping down from the role and returning to academic life, he has judiciously stayed away from the media.
February 22, 2017 | The Guardian
Writing on Italy’s experiences with Silvio Berlusconi, Luigi Zingales of the University of Chicago, argues that it is important to take the Trump Administration’s policy proposals seriously and to engage them substantively if they are to be effectively opposed or shaped.
February 14, 2017 | WTTW
Ayelet Fishbach, University of Chicago Jeffrey Breckenridge Keller professor of behavioral science and marketing, joins us to talk about how applying a few principles learned from behavioral research can improve our relationships – romantic and otherwise.
February 14, 2017 | The Economic Times
When Raghuram Rajan stepped down as the Reserve Bank of India’s governor in September last year, he left a gift for his successor — the gift of silence, to allow the new governor time and space to give voice to his ideas.
February 10, 2017 | The New York Times
According to a recent paper by the economists Chang-Tai Hsieh, from the University of Chicago’s Booth School of Business, and Enrico Moretti, from the University of California, Berkeley, local land-use regulations reduce the United States’ economic output by as much as $1.5 trillion a year, or about 10 percent lower than it could be.
February 2, 2017 | NPR
When you eat together, one thing that happens is that you're usually eating the same food as the other person. I was talking to Ayelet Fishbach at the University of Chicago. She told me that food has symbolic meaning all around the world.
February 1, 2017 | NPR
To see why, take a look at the Financial Trust Index. A University of Chicago Booth School of Business team, headed by Paola Sapienza and Luigi Zingales, tracks how much people trust various economic entities -- banks, the stock market, mutual funds and large corporations.
January 31, 2017 | The Huffington Post
Early this year, University of Chicago Booth School of Business professors Amir Sufi, Marianne Bertrand, and Randall S. Kroszner convened at the New York Hilton Midtown to talk about the top economic challenges facing Donald Trump, the current President of the United States.
January 26, 2017 | Asian Review
For Raghuram Rajan, India's former rock star central banker, geopolitical risk is the primary worry in today's world. He ranks it ahead of a possible trade war and rising interest rates as reasons to lose sleep.
January 26, 2017 | Bloomberg
Randall Kroszner, professor of economics at University of Chicago Booth School of Business, looks at U.S. President Donald Trump's ability to affect change on bank regulations and discusses concerns of a Chinese banking crisis.
January 24, 2017 | The Straits Times
"The economy is facing a major crisis... it's on the brink of death... and while the economy is growing - slowly - workers' pay is still as stagnant as ever," said University of Chicago economist Hsieh Chang-tai.
January 23, 2017 | Bloomberg
To be sure, a booming stock market and a weak economy are not necessarily mutually exclusive. Investors could simply be expecting policies such as tax reform and deregulation to boost corporate profits, with little regard for the broader effect on growth. At least that's how economists interpreted the market's optimism in a recent poll by the Chicago Booth Business School.
January 23, 2017 | The New Yorker
But, for all the field’s potential, its advances seemed mostly to have served the private sector. (And there they often veered toward sly consumer coercion.) A prominent exception was the “nudge,” a notion advanced by the legal scholar Cass R. Sunstein, now at Harvard Law School, and the University of Chicago behavioral economist Richard Thaler, in their 2008 best-seller “Nudge: Improving Decisions About Health, Wealth, and Happiness.”
January 21, 2017 | Live Mint
A recent paper by Mara Faccio and Luigi Zingales, professors of finance at Purdue and Chicago universities, shows that government intervention in telecom markets is a common phenomenon in most countries.
January 19, 2017 | The Wall Street Journal
Some economists say such intervention may be savvy politics but make markets less efficient. “We would expect such behavior from a dictator of a banana republic, not from the president-elect of the oldest democracy in the world,” said Luigi Zingales, a finance professor at the University of Chicago Booth School of Business.
January 19, 2017 | Chicago Magazine
One of my favorite new data sets that illustrates this is in a recent working paper co-written by the University of Chicago’s Thomas Wollmann, an economist who works at its Booth School of Business. It correlates 40 college football teams’ performance in the AP poll (a weekly measure of how good the teams are compared to others) over 14 years with their colleges’ success in raising research funding (via this great dataviz roundup).
January 19, 2017 | Welt.de
(Translated) Five years ago, Luigi Zingales predicted the victory of Donald Trump. But his colleagues just laughed. How did Zingales, a professor at the prestigious University of Chicago, come up with the idea? Perhaps because he is an economist - he argued that the weak economic growth encouraged the rise of populists.
January 19, 2017 | Business Because
In many cases, schools like Harvard Business School are asking only a single MBA essay question. Some schools, like Chicago Booth, have gone even further in setting aside the traditional essay question for an alternate format.
January 16, 2017 | CNBC
Raghuram Rajan at The University of Chicago Booth School of Business talks about the prospects of a trade war and central bank independence.
January 16, 2017 | The Washington Post
Mian and a colleague, Amir Sufi at the University of Chicago, have argued that banks, confident they had a way to manage the risks, disproportionately increased lending to poor borrowers. To make their monthly payments, these households began skimping on other expenses, slowing the pace of economic activity overall.
January 3, 2017 | Bloomberg
The Federal Reserve’s plan to further withdraw support for the U.S. economy will ease pressure on other major central banks to keep up their own “aggressive” monetary stimulus, former Reserve Bank of India Governor Raghuram Rajan said.
January 1, 2017 | The Sydney Morning Herald
But research by Nicholas Epley, of the University of Chicago's Booth School of Business, and Juliana Schroeder, of the University of California, Berkeley's Haas School of Business, shows our instincts are wrong.