What's really hurting the American worker
As the US labor share declines, many people blame globalization and automation. But after analyzing the data, Chicago Booth’s Simcha Barkai has a different view: he says workers are suffering because there’s less and less corporate competition.
Today’s monopolies are yesterday’s startups
Competition is the essence of a capitalist economy, says Chicago Booth’s Luigi Zingales. But he cautions that in the United States, industry concentration is growing, and an increasing number of academics are concerned about the ramifications.
How can start-ups attract investors?
Many entrepreneurs hope to attract the attention—and support—of venture capitalists, but very few of them will. What are VCs looking for in their investments? Chicago Booth's Hal Weitzman talks with Booth faculty Steve Kaplan and Ira Weiss and Katherine Wanner of Abundant Venture Partners about start-up funding from the VC perspective.
How a Value Added Tax could spark economic growth
The US and other developed economies are stuck in a low-growth pattern, and low interest rates limit what central banks can do to help. While raising taxes is politically risky, research suggests that a Value Added Tax could be used to spark growth.
What Mexico can teach us about social security
Chicago Booth's Chad Syverson explains that Mexico's transition to social-security privatization is a cautionary tale for how fees can spin out of control, eating into the returns of the workers enrolled in the program.
Wall Street has a gender gap in accountability, too
Among financial advisers, women are less likely than men to have a record of misconduct, but those who do are punished more severely than their male counterparts.
Why customer service can be so bad (and good)
Why do some companies take a "caveat emptor" approach to customer service, while others declare that the customer is always right? Chicago Booth ethics professor John Paul Rollert says it comes down to who carries the burden of risk in a transaction.
The free dividend fallacy could be costing you
Stock dividends are a fundamental part of finance, and yet research suggests that many investors—retail and professional—don't understand them. Chicago Booth’s Samuel Hartzmark explains that by thinking of dividends as free money, many market participants are making portfolio decisions they wouldn't otherwise make.
Was the First-Time Homebuyer Credit good policy?
As a generator of GDP, the US's First-Time Homebuyer Credit was ineffective—but does that make it bad policy? Chicago Booth’s Eric Zwick explains how the program helped fight the "foreclosure externality" and stabilize housing prices in some areas.
The medicinal effects of a happy spouse
It's no secret that happiness is contagious, and that it's good for your health. But does your own happiness affect the health of those around you, too? Chicago Booth's Ed O'Brien says that it does: having a happy spouse is linked with having better health, even in people who are themselves not very happy.
How can we improve workplace communication?
Technology is providing an ever-expanding menu of options for communicating with coworkers. Yet in spite—or perhaps because—of those tools, many companies suffer from cultures of poor communication. What causes miscommunication inside and outside the office, and what can we do to fix it?
The In-House Ethicist: Is greed good?
Is greed good? Or is it bad, but useful? Chicago Booth ethics professor John Paul Rollert explores historical perspectives and contemporary examples to examine how greed functions in human societies.