Economics
Free Pre-K Gives Parents’ Income a Long-Lasting Boost
Prof. Seth Zimmerman and his co-authors found that parents with kids in New Haven’s lottery-based pre-K program earn thousands of dollars more per year than their peers, likely because they are able to work longer hours and make more progress in their careers.
Are Trump’s Tariffs Repairing Market Failures or Eroding Global Trust?
Yale SOM’s Jeffrey Sonnenfeld and co-authors Stephen Henriques and Steven Tian write that while there are legitimate reasons for some tariffs, the president’s arbitrary approach is worrying allies and unsettling markets.
Our Most-Read Stories of 2024
This year, faculty and alumni experts helped us understand issues including the expanding role of AI in our society, the new space economy, the impact of gender in the workplace, the keys to financing a greener economy, and the psychological quirks that lead us toward irrational economic choices.
When Cash Isn’t an Option, Consumers Lose Out
Paper currency is associated with crime and tax avoidance, but low-income consumers often rely on it. New research from Yale SOM’s David Argente puts a figure on how much those consumers forfeit when governments ban cash payments.
The Perils of Personalized Pricing
Increasingly, companies have the ability to target each of us with individual prices based on what they think we will pay. A new study co-authored by Yale SOM’s Jidong Zhou investigates whether the result is higher or lower costs for consumers.
What We Get Wrong about the Effects of Population Growth
New research co-authored by Professor Jason Dana finds that people over-focus on increased consumption without considering the positive effects of increased productivity.
Can Industrial Policy Help Revive Struggling Regions?
A new paper co-authored by Yale SOM’s Cameron LaPoint looks at an effort in 1980s Japan to narrow economic inequalities between geographic regions, in order to understand the potential impact of the similar U.S. CHIPS and Science Act, enacted in 2022.
El Salvador Adopted Bitcoin as an Official Currency; Salvadorans Mostly Shrugged
In an effort to boost financial inclusion, El Salvador made Bitcoin an official currency and offered incentives for adopting it. A new study co-authored by Yale SOM’s David Argente and Diana Van Patten found that a lack of trust caused use of the cryptocurrency to fall off quickly.
Our Most-Read Stories of 2023
This year, Yale SOM research examined sustainable investing, the dynamics of social media, the role of race in school discipline, and the complexities of airline pricing. And faculty offered expertise on issues in the news, including the changing workplace, noncompete agreements, the politics of ESG investing, the effectiveness of masks, the collapse of Silicon Valley Bank, and the Barbie movie phenomenon.
Shining a Light into the Black Box of the Art Market
The opacity of the art market benefits a tiny elite of collectors, gallerists, and artists, says Yale SOM's Magnus Resch, but makes it harder for most artists and art lovers to connect.
Modeling the Path Toward Creativity
Creative insight may appear to arrive in a flash, says Yale SOM economist Jonathan Feinstein, but the eureka moment typically emerges from a foundation built over years. Feinstein’s new book modeling creativity is itself the result of an early interest and decades of exploration.
