In the News 2018

A Warning for Democrats

January 19, 2018 | The New York Times

Luigi Zingales of the University of Chicago explained this phenomenon in a Times op-ed shortly after Trump’s election. In the piece, Zingales compared Trump to Silvio Berlusconi, the former Italian prime minister.

Men Aren't Exactly Stampeding Back to Work

January 16, 2018 | Bloomberg

These explanations range from the purely cultural, such as American Enterprise Institute political scientist Charles Murray's "weakening of the work ethic among males," to the at least partly technological, such as University of Chicago economist Erik Hurst's hypothesis that the internet and better video games have "increased the value of leisure time" relative to work.

Steven Kaplan of University of Chicago’s Booth School of Business

January 16, 2018 | Middle Market Growth

This episode of the Middle Market Growth Conversations podcast features Steven Kaplan, the Neubauer family distinguished service professor of entrepreneurship and finance at the University of Chicago Booth School of Business.

Don't be fooled. Wall Street, not Main Street, is the big tax winner

January 14, 2018 | CNN

Owen Zidar, a University of Chicago professor who studies the effects of tax policy on firms and workers, agrees. "While workers will get some benefit, there are more substantial benefits to shareholders," he said.

Bitcoin Is an Asset Like Gold, Not a Currency: Former Fed Gov. Kroszner

January 13, 2018 | The Street

If you answered never, you're probably not alone. For that reason, said former Federal Reserve Gov. Randy Kroszner, bitcoin shouldn't be considered a crypto currency, but rather a crypto asset.

Transcript: Nightly Business Report – January 12, 2018

January 12, 2018 | CNBC

RANDALL KROSZNER, UNIVERSITY OF CHICAGO BOOTH: We are seeing synchronized global growth period which is really quite rare. I think that`s one of the key offsets of why both the market in the U.S. and markets globally are doing so well.

Don’t bet on higher US Treasury yields just yet

January 12, 2018 | Financial Times

According to Erik Hurst of Chicago Booth Business School, 18 per cent of men between 21 and 30 who did not have a college degree last year did no work at all.

It worries me that no one seems to be worried about markets: Former Fed Governor

January 12, 2018 | CNBC

Former Fed Governor Randy Kroszner weighs in on the record rally in equities, the state of the U.S. economy and his views on tax reform.

India's former central bank chief warns of unexpected changes

January 11, 2018 | Nikkei Asian Review

Raghuram Rajan, the former governor of the Reserve Bank of India, sees a 2018 global economy in fairly good shape but a financial industry that is "far from being in the clear." In an interview with The Nikkei, Rajan, who is now a professor at the University of Chicago, also warned that the world needs to stay vigilant against new and unforeseeable risks.

The 2018 Data Is In & The M7 Schools Remain Magnificent

January 10, 2018 | Poets & Quants

New year, old truth: The M7 schools continue to have an aura of exceptionalism that most other schools envy. Harvard Business School, Stanford Graduate School of Business, the Wharton School at the University of Pennsylvania, the University of Chicago’s Booth School of Business, Columbia Business School, MIT’s Sloan School of Management, and Northwestern University’s Kellogg School of Management may trade places in the full-time MBA program rankings, moving up or down a few places year to year, but they continue to be regarded as, generally, the best programs in the world.

Listening to what we don’t want to hear is often vital

January 10, 2018 | The Times

Let’s not forget the current craze for behavioural economics, which resulted in Richard Thaler, the economist, winning a Nobel prize. Behavioural economics proves that how we design public and private systems, right down to application forms, has a huge effect on people’s choices. It’s called “choice architecture”.

Five Must-Read Studies From the Big Economics Confab: Eco Pulse

January p, 2018 | Bloomberg

Using data collected through Adobe Analytics, which tracks online prices and quantities, University of Chicago economist Austan Goolsbee and Stanford’s Pete Klenow find that online inflation averaged about 100 basis points lower than inflation in the CPI for the same categories between 2014 and 2017.

FACT CHECK: Trump Touts Low Unemployment Rates For African-Americans, Hispanics

January 9, 2018 | NPR

Then again, a majority of economists polled by the University of Chicago predict that long term, the tax plan won't lead to higher economic growth.

The Startling Percentage Of Financial Advisors With Misconduct Records

January 9, 2018 | Forbes

The findings are contained in the forthcoming paper The Market for Financial Adviser Misconduct, scheduled to be published in the Journal of Political Economy. It was written with co-authors Gregor Matvos of Booth Business School at the University of Chicago, and Amit Seru of Stanford Graduate School of Business. Their initial working paper on the results made business headlines in 2016.

Here’s How to Tell if You’re a Populist

January 9, 2018 | Bloomberg

The panel featured some heavyweights, including Dani Rodrik of Harvard University and Raghuram Rajan of the University of Chicago. But the most interesting presentation was by someone who isn’t even an economist: Cristobal Rovira Kaltwasser, a political scientist at Diego Portales University in Chile.

What happens when the tax-plan promises aren’t kept?

January 8, 2018 | The Washington Post

Historically, “tax cuts aimed at the top of the income distribution have had very little stimulus effect,” said University of Chicago economist Austan Goolsbee, who had Mr. Hassett’s job during the Obama administration.

5 Tips for Surviving Uncomfortable Conversations

January 8, 2018 | Time

“Typically people think it’s going to be really uncomfortable,” says Emma Levine, an assistant professor of behavioral science at the University of Chicago Booth School of Business.

The psychology behind why we're so bad at keeping New Year's resolutions

January 7, 2018 | Business Insider

The study, led by Kaitlin Woolley from Cornell University and Ayelet Fishbach from the University of Chicago, found that participants believe that both enjoyment and importance are significant factors in whether they stick to their resolutions.

Uncommon Knowledge: Bros, basketball, and business economics

January 6, 2018 | Boston Globe

A study by a team of judgment researchers from Cornell University and the University of Chicago (including Richard Thaler, the latest winner of the Nobel Prize in economics) found that NBA and NFL teams typically went for the tie at the end of regulation, even though the probability of winning was lower, given the remaining uncertainty of overtime. In an experiment, even when people were explicitly informed of the lower probability, half still chose to go for the tie.

How to make economists fight like ferrets in a sack

January 6, 2018 | The Spectator

One of the funniest passages of writing I have read in the past few years appears within the pages of Richard Thaler’s memoir Misbehaving. He describes what happens when the University of Chicago economics faculty moves to a new location.

Richard H. Thaler | The Interview Show

January 5, 2018 | PBS

Host Mark Bazer interviews Richard H. Thaler, 2017 Nobel Prize winning economist and co-author, "Nudge."

Americans' declining economic mobility hits a new low

January 5, 2018 | The Los Angeles Times

In recent decades, the rate at which firms create new jobs has fallen; so has the rate at which they eliminate positions, said Steven J. Davis, a professor at the University of Chicago Booth School of Business and senior fellow at the Hoover Institution. Both trends discourage workers from moving.

This is how women are really faring in Chicago tech

January 5, 2018 | Crain's

At the University of Chicago's Booth School of Business, four of 10 New Venture Challenge finalists last year had female founders.

Does regulation kill off business profits, as Trump claims? Not at all

January 5, 2018 | Salon

But a new working paper from the National Bureau of Economic Research, written by University of Chicago researchers João Granja and Christian Leuz, supports the opposite contention: Stricter regulation can, in many cases, improve lending activity and benefit the economy.

Top 20 Business Schools Where MBAs Earn The Highest Salaries After Graduation For 2018

January 4, 2018 | Ceoworld Magazine

5. University of Chicago Booth School of Business, United States, $125,000

Can Your Vacation Make You Happier?

January 4, 2018 | next avenue

“We are our experiences,” said University of Chicago happiness researcher Amit Kumar. “Experiences become our memories, so investing in ones that will impact your identity in meaningful ways is likely to be fruitful in terms of advancing happiness.”

An MBA is still a great boost for salaries

January 3, 2018 | Financial Times

Alumni from Chicago’s Booth School of Business hold the record for the highest salary jump since our records began: up 252 per cent in the 2002 ranking during the heyday of the dotcom boom.

Job outlook growing worse for young American men | Opinion

January 2, 2018 | Courier Journal

Erik Hurst, an economist at the University of Chicago, found that young men spent a startling 75 percent of this leisure time playing video games, with many spending more than 30 hours a week gaming and over 5 million Americans spending more than 45 hours per week.

Inside the Eccentric, Relentless Deal-Making of Masayoshi Son

January 2, 2018 | Bloomberg

“There really isn’t a precedent for this,” says Steven Kaplan, a professor at University of Chicago’s Booth School of Business who co-founded its entrepreneurship program. “The jury is still out on whether it will work.”