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Miao Ben Zhang

Miao "Ben" Zhang is an assistant professor in Finance and Business Economics at the USC Marshall School of Business. Ben's research covers topics on asset pricing, technology and labor, corporate investment, and government regulation. Ben's research has been published in prestigious publications such as Journal of Finance, Journal of Financial Economics, and NBER Macroeconomics Annual, amongst others. Ben is a visiting researcher at the U.S. Bureau of Labor Statistics, and an on-site researcher at the Census Bureau with a Special Sworn Status. Ben earned a BS in Mathematics with highest honors from Peking University, an MPhil in Finance from the University of Hong Kong, and a PhD in finance from the University of Texas at Austin. Ben received the 2023 USC Marshall Golden Apple Award for Core Teaching voted by students.
Regulation

A New Approach to Measuring the Burden of Regulation

Francesco Trebbi
This research note employs the quantitative approach developed by Francesco Trebbi, Miao Ben Zhang, and Michael Simkovic (2023) to provide a descriptive overview of the main differences in costs of regulatory compliance across U.S. states for the year 2014 and over the period 2002-2014. These descriptive stylized facts can be useful in grounding extant discussion on regulatory compliance burden across different U.S. regions and over time and presents both unconditional results and results controlling for state industry composition.

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The publication of the Stigler Center at The University of Chicago Booth School of Business

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