The Equitable Economy

How US Voters React to Immigration in the Voting Booth May Depend on Both Immigrants’ and Native Residents’ Skill Levels

A new working paper has revealed two strikingly divergent correlations between increases in high-skilled and low-skilled immigration and change in Republican vote share since...

Gabriel Zucman: “Some People in Economics Feel That Talking About Inequality Is Not What Economists Should Be Doing"

The rising scholar of taxation and inequality talks to ProMarket about the problems excessive economic power poses for open political systems, how states can...

Depositors Disciplining Banks: The Impact of Scandals

Can depositor activism make a real difference? New research set to be presented at the upcoming Stigler Center Political Economy of Finance conference examines the Dakota...

Education Quality Has Less to Do with Adult Outcomes Than You Might Think

A new paper assesses the contributions of education and labor markets to differences across regional labor markets in the United States and finds that differences in access to...

Excessive Zoning Makes Us Poorer and More Unequal

We normally think of income inequality as a function of differences in class or socioeconomic status. But much more than generally realized, geographic differences...

Do Firms Use Capital and Labor Efficiently? Evidence and Implications of Resource Misallocation

Economists have for a decade or so theorized that moving productive inputs like labor and capital into the firms that make the best use...

Why Democracy Fails to Reduce Inequality: Blame the Brahmin Left

A new paper by Thomas Piketty finds that major parties on both sides of the political spectrum have been captured by elites and warns...

Baldwin on Globalization: “A Lot of the Narrative Is Based on the US as If It Were the Whole World”

Richard Baldwin, professor of international trade at the Graduate Institute of Geneva and editor-in-chief of VoxEU.org, talks to ProMarket about the convergence between the...

“Globalization Has Contributed to Tearing Societies Apart”

In an interview with ProMarket, Harvard economist Dani Rodrik explained where globalization went wrong, how trade agreements serve rent-seeking by politically well-connected firms, and...

Investing in Quality Early Childcare Is Good for Vulnerable Kids—and Good Economics, Too


Early childcare can be a major contributor to eliminating inequality of opportunity and even lay the foundations for a more productive workforce in the...

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