Robert Merton of MIT and keynote speaker at the 2019 Macro Financial Modeling (MFM) Winter Capstone Conference sat down with economist and writer Allison Sch...
Becker FriedmanWATCH: At the Macro Financial Modeling Winter Conference, Nobel Laureate Robert Merton discusses potential next-generation solutions to the problem of funding retirement w/ @AllisonSchrager.
In developed economies, agglomeration is skill-biased: larger cities are skill-abundant and exhibit higher skilled wage premia. This paper characterizes the spatial distributions of skills in Brazil, China, and...
We examine the decision of wealthy business owners to protect their holdings from expropriation and arbitrary taxation through proxies, shell companies, and offshore firms. Our theoretical framework emphasizes...
The greatest gift you can give someone is to show them that they matter, that they are important, that they make a difference.
Becker FriedmanICYMI - Do we undervalue the positive impact of gratitude? Forbes cites research by @ChicagoBooth's Nicholas Epley which finds underestimating gratitude may keep people from engaging in behavior that would maximize their own—and others’—well-being
When faced with debt across multiple credit cards, do people pay down their balances in a way that makes financial sense? On February 1, BFI hosted Chicago B...
Becker FriedmanDo individuals make debt repayments based on the size of the balance on their credit cards or on interest rates? BFI hosted @ChicagoBooth's @NealeMahoney to discuss his research elucidating a gap between actual and optimal payment decisions
On their own, markets can’t deliver outcomes that are just, acceptable — or even efficient.
Becker FriedmanAre financial incentives in social policy as influential as many believe? 2019 Nobel Laureates Esther Duflo and Abhijit Banerjee cite research on the Alaska Permanent Fund from @HarrisPolicy's @nomadj1s, et al. Via @NYTOpinion
Venture capital (VC) and growth are examined both empirically and theoretically. Empirically, VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones. VC-backing increases...