Economics
How the ‘Nixon Shock’ Remade the World Economy
In a new book, Yale SOM’s Jeffrey Garten explores Richard Nixon’s decision to delink the dollar from gold, which remade the global monetary system in an instant.
Did Congress Just Fix Surprise Medical Billing?
A new federal law prevents patients from being billed by out-of-network doctors after being treated in an in-network hospital. We asked Prof. Fiona Scott Morton, whose research helped bring the practice to light, what the new law will mean for patients and healthcare costs.
![An emergency room in Moreno Valley, California, in May 2020. Photo: Gina Ferazzi/Los Angeles Times via Getty Images.]()
Weakening Unions Can Lead to Gender Gap in Wages
In 2011, legislation in Wisconsin reduced the power of unions to negotiate teachers’ salaries. Within five years, male teachers started earning more than women did.
![Teachers protesting Wisconsin governor Scott Walker's proposal to eliminate collective bargaining for state workers, in 2010. Photo: Mark Hirsch/Getty Images.]()
What Can Smartphone Location Data Tell Us about the Pandemic?
Yale SOM’s Kevin Williams and his co-authors used cellphone location data to create a data set tracking movement during COVID-19, which is publicly available for researchers.
![A satellite view of North America at night]()
Video: Why You Should Care about Antitrust
On October 20, the U.S. Justice Department filed suit against Google, accusing the company of illegally using its market power to maintain dominance of online search and advertising. We asked Yale SOM antitrust expert Fiona Scott Morton to explain why antitrust violations are bad for consumers and how the government can respond.
![An illustration of a man in top hat stealing coins from birds]()
How Is the Airline Industry Adapting to COVID?
Debilitated by COVID-19, airlines are preparing to cut more than 30,000 jobs as soon as next month. We asked Prof. Kevin Williams to explain some of the economics of air travel and how the industry can survive in an age of stay-at-home orders.
![A contractor disinfecting a Frontier airplane at Denver International Airport in May 2020. Photo: AAron Ontiveroz/MediaNews Group/The Denver Post via Getty Images.]()
Can Religious Teachings Help Lift People Out of Poverty?
A study in the Philippines, co-authored by Yale SOM’s James Choi, suggests that learning Protestant Christian values and theology can boost poor families’ income.
![A speaker in front of a whiteboard in the Philippines]()
Choosing the Wrong Health Insurance Could Kill You
Yale SOM’s Jason Abaluck and his co-authors calculated that the Medicare Advantage plans appreciably influence the survival rates of their enrollees. Shutting down the plans with the highest mortality rates could save thousands of lives per year.
![An illustration of a man choosing between three doors leading into shark-infested waters]()
Facebook’s Dominance Is Built on Anti-Competitive Behavior
In a new paper, Yale SOM’s Fiona Scott Morton writes that the company took control of the social media industry by misleading consumers and buying up rivals.
![An illustration of a Facebook logo as Pac-Man eating Instagram and WhatsApp logos]()
U.S. Jobs Numbers Show an Uptick from a Grim Baseline
We asked labor economist Barbara Biasi what can be understood from the latest Employment Situation Summary—including whether the numbers are accurately reflecting the effects of a fast-moving crisis.
![City employees handing out unemployment applications in Hialeah, Florida, in April 2020. Photo: Joe Raedle/Getty Images.]()
The Antitrust Case against Google
State and federal authorities are reportedly preparing to bring antitrust charges against Google. We talked to Yale SOM’s Fiona Scott Morton about the company's dominant role in online advertising and how it limits competition.
![A one way sign next to a Google sign]()
