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Economics

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.

An Uber driver in Mexico in 2018.
  • Reduction of Economics to Psychology

    Prof. Shyam Sunder warns that, while psychology can contribute much to economics, not all economic phenomena can be explained by individual psychology.

  • What Has Ireland Learned from Austerity?

    Ireland slashed spending and raising taxes to address a fiscal crisis during the Great Recession. What does Ireland's subsequent recovery say about the effectiveness of austerity?

  • How Do You Spot a Financial Bubble?

    Are we in a financial bubble? Vikram Mansharamani YC ’96 offers a framework for spotting a bubble before it bursts.

    Insights
  • Companies That Look for Social and Cognitive Skills Seem to Do Better

    Computers are able to do many tasks, but people still outperform them at human interactions and complex decision-making. A new study suggests that successful companies take advantage of these capabilities.

  • Insights Animation: The Economic Benefits of Immigration

    Do new arrivals in a country take jobs away from the native residents? The picture is much more complex than that, argues Yale SOM’s Mushfiq Mobarak.

    Illustration of people doing different jobs
  • What Is the Future of Globalization?

    A wave of nationalism around the world has left many wondering if the trend toward greater global connection has reversed. Global Network Perspectives asked faculty throughout the Global Network for Advanced Management about the future of globalization in their regions.

  • Does Immigration Create Jobs?

    Research shows that, contrary to much of the rhetoric on the topic, immigration can contribute to economic growth and expansion of the labor market

  • What’s the Future of U.S.-Mexico Relations?

    Professor Jeffrey Sonnenfeld recently assembled a group of business and political leaders from Mexico and the United States to discuss the state of the strained but critical relationship between the two countries.

    CEO Forum in classroom
  • How Does Immigration Affect Global Business?

    Immigration can help economies become more dynamic and efficient, but inclusive policies often create political landmines. How are countries around the world handling the challenge?

  • Donald Trump and the Sense of Power

    Yale's Robert J. Shiller writes that Donald Trump offered voters the promise of control over their own economic destinies. But it won't be easy for him to deliver.