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.
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.
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.
Automatically enrolling employees in retirement plans is a powerful tool for increasing savings. But Yale SOM’s James Choi and his coauthors find that once enrolled, people with lower incomes are more likely to remain at default contribution rates, even if they aren’t optimal.
The Conversations on an Anonymous Economics Forum Are Troubling—and Elite Schools Are Part of the Problem
Yale SOM’s Paul Goldsmith-Pinkham and Kyle Jensen and their former colleague Florian Ederer presented a study showing that anonymous racist and sexist posts on the popular Economics Job Market Rumors website were coming from top universities.
Women earn 79 cents for every dollar that men make. But look beyond that widely cited statistic, and you’ll find a complex story of causes, effects, and correlations. Prof. Mushfiq Mobarak surveys the literature on the subject and argues that, to close the gap, we need to address society’s differing expectations around who bears the burden of family and parenting responsibilities.
Katja Seim, the Sharon Oster Professor of Economics and Management, investigates the complex forces behind the infrastructure of everyday life with an aim of enabling data-driven improvement to policy tools and making markets function better.
Prices for airline tickets rise and fall depending on demand. Yale SOM’s Aniko Öry and Kevin Williams investigated whether such pricing makes airlines and customers better off.
A new study co-authored by Prof. Song Ma finds that allocating research funding to certain scientific fields can have long-term ripple effects across sectors and countries.
Earlier this month, the Federal Trade Commission unveiled a proposal that would block companies from limiting their employees’ ability to work for a rival through noncompete agreements. We asked Yale SOM’s Fiona Scott Morton about the ban’s potential impact on wages, innovation, and the economy as a whole.
We asked Prof. William English, a former Fed official, to interpret the announcements at the Federal Open Market Committee’s monthly meeting last week.