Economics

Prof. Parag Pathak, U.C. Berkeley Prof. Christopher Waters and University of Chicago postdoctoral scholar Guthrie Gray-Lobe “tracked more than 4,000 students from preschool through high school, comparing the outcomes of those who won pre-K seat to those whose lottery number wasn’t high enough,” writes U.C. Berkeley Prof. and New York Times guest writer David L. Kirp. “Those who attended preschool were less likely to be suspended or become entangled with the juvenile justice system,” writes Kirp.

Prof. Anna Stansbury speaks with Kai Ryssdal of Marketplace about a new working paper she co-authored examining the lack of socioeconomic diversity in the field of economics. “Economists are really influencing policy and the public debate on all sorts of important subjects,” says Stansbury. “If we have a discipline [where] two-thirds of the U.S.-born economics profession is made up of people whose parents have graduate degrees, you know, that’s a very selected group that is maybe missing really important perspectives.”

Prof. Jon Gruber speaks with Boston Public Radio hosts Jim Braude and Margery Eagan about the current state of inflation and what to expect in the future.  “I think a gradual increase in interest rates can get us there [combating inflation] without throwing us into a recession,” says Gruber.

Prof. Joshua Angrist speaks with Steven D. Levitt about natural experiments, the Talmud, and his path to winning the 2021 Nobel Prize in Economics on the Freakonomics Radio Network's podcast, People I (Mostly) Admire. “Natural experiments started to attract people like me, partly because it was interesting and fun, and we had the opportunity to actually say something concrete about the world,” said Angrist.

Prof. Jonathan Gruber speaks with Boston Public Radio hosts Margery Eagan and Jim Braude about his experience working on the Affordable Care Act over twelve years ago, and how he thinks health coverage can be improved moving forward.

Writing for The Los Angeles Times, Prof. Simon Johnson makes the case for imposing more stringent sanctions on Russia. “The war crimes committed by Russian forces at Bucha in Ukraine have brought greater clarity to economic sanctions,” writes Johnson. “What is in place now is insufficient and needs to be expanded.”

Prof. Jessika Trancik speaks with Wall Street Journal reporter Nidhi Subbaraman about the dramatic drops in costs to manufacture and sell renewable technologies. Subbaraman notes that Trancik’s research shows that “the steep drop in solar and lithium-ion battery technology was enabled by market expansion policies as well as investment in research and development by governments and the private sector.”

Prof. Jonathan Gruber speaks with Boston Public Radio hosts Jim Braude and Margery Eagan about his latest research on a program designed to increase health care access to immigrants across New York. “We reached out through a variety of mechanisms through non-government organizations through social media and we offered them a program to improve their healthcare. We brought them in and what we did was basically just connect them with doctors,” says Gruber.

Daleep Singh, an MIT alumnus and the United States Deputy National Security Advisor for International Economics, speaks with CBS journalist Sharyn Alfonsi about the economic sanctions being used to combat Russia’s attack on Ukraine. “In this century, our view is power is much more closely tied to your economic strength, technological sophistication, and your story,” says Singh.

Prof. Jonathan Gruber speaks with Boston Public Radio about the economics of sanctions and whether they have been an effective tool to deter Russia's invasion of Ukraine. “The integrated world economy has made these sanctions so much more powerful,” says Gruber. “The real test is will they eventually work to bring [Putin] to heel over the longer run.”

Gas prices in Massachusetts have been spiking since the Russian invasion of Ukraine, reports Kristina Rex for CBS Boston. “This is an artificially set price because OPEC controls how much oil they release,” says Prof. Jon Gruber. “[OPEC] like[s] the price going up, but if it goes up too much and people stop driving, it’s bad for them, so at some point they will release more oil and keep the price from going too high.”

In an article for The Los Angeles Times, Prof. Simon Johnson and Oleg Ustenko, an economic advisor to President Volodymyr Zelensky of Ukraine, make the case that the U.S. needs to lead the way in cutting off oil and gas sales from Russia. “The financial sanctions already in place are important but, by themselves, they will not degrade Russian fossil fuel production capacity,” they write. “The critical issue now is to save Ukrainian lives by cutting off all possible revenue to the Russian state.”

Writing for Politico, Prof. Simon Johnson makes the case that the “U.S., the EU, the U.K. and others should create a global fund for humanitarian cash support to Ukrainians.” Johnson writes that: “Providing cash to desperate Ukrainians is a feasible form of support that can supplement traditional means of assistance.”

New York Times reporter Daisuke Wakabayashi highlights a paper written by Prof. Glenn Ellison, head of MIT’s Department of Economics, and Senior Lecturer Sarah Fisher Ellison explaining how technology has made it easier to find products, but retailers have retaliated by raising prices. “To the extent that there is more obfuscation going on, consumers pay more for everything,” said Ellison. Wakabayashi also spotlights a study by Prof. Amy Finkelstein that found “when people use cash less, prices go up.”

MSNBC reporter Selena Rezvani spotlights a study by Prof. Danielle Li and her colleagues, which found that women aren’t seen as having as much leadership potential as men despite having higher and more consistent performance ratings. Li and her colleagues found “women are 14 percent less likely to be promoted year after year, compared to men,” writes Rezvani.