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The Pie

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The Pie

Becker Friedman Institute at UChicago

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Join BFI for an extra slice of The Pie, our expanded podcast series drawn from presentations and conversations with UChicago scholars on cutting edge research and key events of the day.
 
The Becker Friedman Institute for Economics at the University of Chicago (BFI) serves as a hub for cutting-edge analysis and research across the entire UChicago economics community to uncover new ways of thinking about the field. Featuring conversations and lectures from premier BFI events, this podcast explores the latest economic insights and trends from leading voices in policy, business, the media, and academia, revealing how rigorous thinking shapes our understanding of the world.
 
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show series
 
How can a small nudge make a big impact? Since publishing the first edition of Nudge more than 10 years ago, Cass Sunstein and Richard Thaler have changed the way businesses and governments design rules and regulations to influence people’s behavior and decision making. Tess Vigeland sat down with Thaler to discuss new material covered in Nudge: Th…
 
Division I schools make billions off athletic programs, with close to two-thirds coming from men’s basketball and football alone. Economist Matt Matt Notowidigdo has calculated that due to NCAA restrictions, only 7% of those revenues are paid to student athletes, with important distributional consequences. He joins this week with sports attorney Mi…
 
In March 2020, the CARES Act expanded who was eligible for unemployment benefits, how much they could collect and for how long. Economists are now finding patterns in job searches and spending during this enormous expansion that seem to counter common economic assumptions. Peter Ganong and Fiona Greig join to discuss the surprising effects they unc…
 
Women suffered significantly in the early months of the current recession, raising important questions about the gender effects of this pandemic-fueled downturn. Yana Gallen and Heather Sarsons share research on labor force gender disparities and discuss the potential long-term implications of the recession on women’s employment choices and opportu…
 
The American health insurance system is complex, politically divisive, in need of reform, and facing a historic pandemic crisis. Economists Katherine Baicker and Matt Notowidigdo expose healthcare’s most urgent flaws and discuss potential remedies. Then, Dr. Stacy Lindau joins to discuss the crucial consequences for public health.…
 
Economists are always talking about The Pie - how it grows and shrinks, how it’s sliced, and who gets the biggest shares. Join hosts Eduardo Porter and Tess Vigeland as they talk with leading economists from the University of Chicago and other experts about the most pressing matters of today. Hear how the economic pie is at the heart of issues like…
 
The United States is facing a range of challenging policy issues, from trade to inequality to climate change. The good news is that academic economists are doing cutting-edge work to help solve the challenges of the day, at the University of Chicago and institutions around the world. Over the past 20 years, there has been increasing momentum toward…
 
The Becker Friedman Institute for Economics (BFI), the Chicago Economics Society (CES), and the Booth Alumni Club of Washington, DC, welcomed Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor Of Economics, Chicago Booth School of Business, for cocktails and a conversation on Crony Capitalism with Chinese Characteristics. David Rank, former De…
 
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 Booth Professor Neale Mahoney for a Friedman Forum luncheon lecture on his recent working paper, “How Do Individuals Repay Their Debt? The Balance-Matching Heuristic.”In the paper, Professor Mah…
 
Traditional economics assumes rational actors. In daily decision-making, however, we all make decisions influenced by our biases and beliefs, whether which car to buy or who to vote for at the polls. As a result, outcomes often deviate from the standards of rationality assumed by economics.Combining discoveries in human psychology with a practical …
 
Richard Evans is a Senior Fellow in Computational Social Science at the University of Chicago, and Fellow here at the institute. Evans sees immense potential in the methods, practices, and even workflows that computer engineers have implemented in their own discipline, and is working to bring those skills into Chicago economics through his role bot…
 
Edward P. Lazear is a labor economist and a founder of the field known as personnel economics. His research centers on employee incentives, promotions, compensation and productivity in firms. In this episode, Lazear and Kevin Murphy talk about the legacy of human capital and labor economics at the University of Chicago, as well Lazear’s experience …
 
Amanda Agan is interested in the ways that laws and regulations play out in the real world, often yielding unintended consequences. She visited the institute this spring and spoke about her recent work to evaluate policies that eliminate questions about previous criminal convictions from job applications Advocates of these “Ban the Box” policies ha…
 
In this episode, Kevin Murphy talks with Casey Mulligan, professor in economics at the University of Chicago. Mulligan examines microeconomic trends, including labor, through a macroeconomic lens, with a particular interest in how policy can inadvertently shape the labor market in unexpected ways.By Becker Friedman Institute at UChicago
 
Manasi Deshpande is an emerging expert in how social insurance programs shape the outcomes of their recipients. In this episode, she and Kevin Murphy discuss the importance of empirical measurement of such programs over a lifetime and how those effects shape the recipients' labor response. The pair talk about the ways that economists bring a unique…
 
In this episode, Murphy gets concrete with Chad Syverson, the J. Baum Harris Professor of Economics at Chicago Booth, about how his engineering background influences his approach to economics, understanding the drivers of productivity, how it is measured, and what can be gleaned from past growth trends in predicting what may come.…
 
In this episode, Murphy and Muhammad Akbarpour, a Becker Friedman Institute Research Fellow, examine the opportunities that surround the development of an international kidney exchange market, the obstacles that inhibit that market from being implemented, and the experience of being an early career scholar at the University of Chicago.…
 
In this episode, Murphy talks with Steven Davis, William H. Abbott Professor of International Business and Economics at Chicago Booth, explore labor market trends from the employer side and talk about how uncertainty over impending government policy and regulatory shifts can influence labor market trends and job creation.…
 
In this episode, Murphy and James Heckman, Henry Schultz Distinguished Service Professor of Economics at the University of Chicago, delve into the topic of human capital, focusing on how both education and early home life play a defining role in the development of a child, and talk about how the economics toolkit is influencing the work of social s…
 
In this episode, Murphy talks with Erik Hurst, V. Duane Rath Professor of Economics and the John E. Jeuck Faculty Fellow at Chicago Booth, to explore Hurst's perspective on the possible common ground between macro- and micro- economic perspectives and to evaluate labor market trends from the early 2000s leading up to today on the employee side of t…
 
In this episode, Murphy and José Scheinkman, a former UChicago faculty member and department chair now at Columbia University and Princeton University, elaborate on the experience of being an economist at the University of Chicago, evaluate recent trends in the global economy, and highlight ways in which economic thinking can more broadly be applie…
 
In this episode, Murphy talks with Benjamin Brooks, a Becker Friedman Institute Research Fellow, about what drew Brooks to economics as his field of research, the nuances of understanding game theory, and the role of the Becker Friedman Institute in enriching the study of economics at the University of Chicago.…
 
In this episode, we speak with Manasi Deshpande, who currently works at the Institute as a postdoctoral research fellow leading up to joining the UChicago Economics Department as an assistant professor in the fall of 2016. Deshpande’s research interests include the effects of social insurance and public assistance programs on consumption, health, a…
 
In today’s episode we talk with Ben Brooks, a research fellow at the Becker Friedman Institute interested in how incomplete information complicates classical game theory. This summer, Brooks organized a conference, bringing together experts in mathematical modeling, incomplete information and game theory. Researchers highlighted important developme…
 
In this episode, we speak with David Weisbach and Jennifer Nou of the University of Chicago Law School, as well as Alan Sanstad of the Computation Institute and The University of Chicago Harris School of Public Policy. The trio of researchers organized a conference in April 2015 centered on a persistent issues for federal institutions: when making …
 
John Taylor and Harald Uhlig recount a recent series of conference aimed at codifying the most important principles guiding modern macroeconomic analysis. Music is by Boris Mann 2, whom you can listen to on Soundcloud. Licensed under Creative Commons.By Becker Friedman Institute at UChicago
 
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