People’s predictions of long-term home price growth were wildly optimistic in the early 2000s but have become more cautious since the Great Recession, according to a study co-authored by Robert Shiller of Yale SOM.
In theory, rules requiring banks to share consumer data with third parties increase competition and help consumers. In practice, it’s not so simple, according to a new study co-authored by Yale SOM’s Jidong Zhou.
Mutual funds have become large shareholders in most public U.S. firms. The resulting overlaps in ownership are boosting corporate profits but harming consumers, according to a new study co-authored by Florian Ederer of Yale SOM.
Some families going through the school placement process overestimate their chances of getting into their top choices, and fail to match at any school as a result. Warnings about the placement odds at top schools can dramatically reduce non-placements.
The United Fruit Company had a reputation for manipulating governments and exploiting workers in Latin America. But Yale SOM’s Diana Van Patten found that in some areas, competition for workers led it to invest in local infrastructure, with long-lasting positive impacts.
New research co-authored by Yale SOM Dean Kerwin K. Charles shows that the rise in imports from China at the beginning of this century accelerated a long decline in union elections, by diminishing the benefits of unionization and increasing the risk.
Prof. Judith Chevalier’s research has unraveled implicit incentives driving risk taking by mutual fund managers, the ways online reviews shift business strategy and consumer decisions, and the consequences of nursing home workers’ movement between facilities in spreading COVID-19.
We asked the Nobel Prize-winning Yale economist to reflect on an unexpected source of research information and inspiration. He writes that Google Ngram Viewer can provide important insights about how people saw economic events as they unfolded.
In a new study, Yale SOM’s Paul Goldsmith-Pinkham and his co-authors use the transition to Medicare eligibility to test whether universal health coverage can help reduce racial disparities in health.
In the latest episode of the Health & Veritas podcast, Howard Forman and Harlan Krumholz are joined by Yale SOM economist Fiona Scott Morton, an expert on competition in healthcare and other industries. They discuss the forces driving up healthcare costs in the U.S. and the steps that Scott Morton and her colleagues have proposed to bring them under control.
Yale SOM’s William English, a former economist at the Federal Reserve, explains the role of COVID-19 in the spike in prices, considers how policymakers can respond, and confronts the sheer uncertainty of the times.