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The Equitable Economy

Income Inequality

The Inequality Paradox: Rising Inequalities Nationally, Diminishing Inequality Worldwide

Branko Milanovic
Workers in emerging economies benefitted from globalization and workers in rich countries, on balance, did not. Overturning globalization, however, will neither work nor bring...
ESG, Corporate Governance & Future of the Firm

Is Market Price Relevant for Minority Shareholder Appraisal Actions?

Bin Zhou
Vice Chancellor Travis Laster of Delaware Chancery Court has recently cautioned that while courts have given greater deference to market price in appraising fair...
Income Inequality

Does Sweden’s Radical Right Reflect Too Much Social Inclusivity, Or Too Little?

Ernesto Dal Bó
Many have attributed the success of the far-right Sweden Democrats to Sweden's open immigration policy. Instead, a new study shows that income inequality and...
ESG, Corporate Governance & Future of the Firm

Does Learning More at University Actually Pay Off in the Job Market?

Carolina Arteaga
Does a degree really add to students’ skills or simply point employers toward students who were clever enough to get accepted?      Education is one of...
Income Inequality

Inequality in the Middle East

Facundo Alvaredo
Survey estimates suggest that inequality in the Middle East is not particularly high despite considerable political conflict. This column uses new ‘distributional national accounts’...
Antitrust and Competition

Does Uber Kill? The Real Cost of Ride-sharing

Luigi Zingales
A new Stigler Center working paper finds that ride-sharing actually increases the number of new car registrations and fatal accidents. Two years ago, the Stigler...
ESG, Corporate Governance & Future of the Firm

Does Finance Make Us Less Religious?

Mitch Warachka
Do religious congregations provide informal insurance against the risk of income loss for their congregants? A new paper examines the impact of an expansion...
ESG, Corporate Governance & Future of the Firm

How a Marshall Plan Program Boosted the Performance of Italian Firms for Decades

Michela Giorcelli
During the 1950s, as part of the Marshall Plan, the US subsidized loans to help European firms purchase technology and sponsored training trips for...
ESG, Corporate Governance & Future of the Firm

Credit Ratings: What Are They Good For?

Bo Becker
The financial crisis of 2008–10 revealed that ratings are imperfect and potentially biased measures of credit risk. Analyzing a large number of mutual fund...
ESG, Corporate Governance & Future of the Firm

How the Market Can Help Break the Glass Ceiling for Women in Management

Lars Persson
A new CEPR working paper investigates how product market competition and gender-specific management career hurdles affect the gender wage gap for managers. The findings...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.