Should we pay coal miners to go to college?
Chicago Booth Review Podcast
In recent decades, many manufacturing workers in developed economies have lost their jobs, replaced by robots or cheaper imports. One option is to try to get those jobs back. Another is to retrain them to acquire skills that are in demand. But does it really make sense to send displaced manual workers to college? Chicago Booth’s Anders Humlum talks about his research on retraining injured workers, which suggests that paying them to go to college reaps big returns. Is the same true for workers who lose their jobs to automation or trade?
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How can we address conflicts of interest in research?
Chicago Booth Review Podcast
Imagine that you hear about a powerful new miracle drug just discovered. If the scientist who did the research had stock options in the drug maker and stood to make a lot of money if the drug got approved, would that affect how you think about it? Luigi Zingales talks about his research into conflicts of interest in research and what should be done about them.
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Is America’s cultural divide growing?
Chicago Booth Review Podcast
Many of us have a general sense that as a society, we’re not just becoming more polarized politically, but we’re also moving further apart culturally – what we buy, what we watch, how we spend our spare time - these consumer behaviors are also increasingly diverging. Chicago Booth’s Emir Kamenica has studied the cultural divide in America. While his research confirms a widening gap in social attitudes between conservatives and liberals, it also reveals that the culture gap is remarkably stable. How did he arrive at that conclusion, and what does it mean for society?
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If the bank won’t lend to you, who will?
Chicago Booth Review Podcast
One of the fastest-growing parts of the financial system in the past 15 years has been private credit, that is, lending not by banks but by other financial institutions or funds that don’t take deposits. The sector expanded ten fold between 2009 and 2023, to reach a value of about $2 trillion, according to McKinsey. And McKinsey thinks it has room to continue growing to become a $30 trillion industry. What does this mean for companies, and for the broader US economy? Welcome to the Chicago Booth Review podcast, where we bring you groundbreaking academic research in a clear and...
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Why AI isn’t boosting the economy
Chicago Booth Review Podcast
Employees are increasingly using AI, and their employers are increasingly encouraging them to do so. Companies are building their own chatbots, and training their staff in how best to use the technology. You might think this would be feeding through into corporate profits and boosting the economy. So why isn’t it? We hear from Chicago Booth’s Anders Humlum, whose research documents the paltry effects AI is having on company earnings and economic growth
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How to negotiate home prices
Chicago Booth Review Podcast
Moving home is one of the most stressful things you’ll do in life, but negotiating to buy a home has to be up there. Chicago Booth’s George Wu teaches negotiation to MBAs. What techniques does he recommend to reduce the stress and improve the success when it comes to getting a deal over the price of a home?
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Low-cost ways to tackle America’s murder rate
Chicago Booth Review Podcast
The US murder rate is around 5 per 100,000 people, lower than a recent COVID-era spike, but nonetheless much higher than most other developed countries. Many Americans have concluded that either they need a gun to protect themselves, or that the problem is too big to address. In our second episode with Jens Ludwig, author of Unforgiving Places: The Unexpected Origins of American Gun Violence, he outlines some small and cheap interventions that could make a big difference in how we tackle homicides.
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What the Right and Left get wrong about gun violence
Chicago Booth Review Podcast
The United States has more guns than people, and one of the world’s highest rates of gun homicide. What’s really driving America’s appalling murder rate? Is it bad people, poverty, or something else? Jens Ludwig, a professor at the Harris School of Public Policy, and Director of the University of Chicago’s Crime Lab, talks to us about his new book, Unforgiving Places: The Unexpected Origins of American Gun Violence. Ludwig thinks America’s failure to tackle gun violence stem from a fundamental misunderstanding about what causes it in the first place. This is the first of two episodes...
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The data on sex, marriage, and happiness
Chicago Booth Review Podcast
Married people are happier than the unmarried, on average. Those who are married and having regular sex are even happier. And over time, the difference between the happiness of the married and the unmarried is growing. So what do the statistics tell us about sex, marriage, and happiness? Chicago Booth’s Sam Peltzman talks about his research into happiness and marriage.
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Why nonprofits should be more like corporations
Chicago Booth Review Podcast
Most nonprofits depend on donations. But should they be acting more like companies, and focus on raising revenue instead? Chicago Booth’s Rob Gertner thinks philanthropy might not be the best way to achieve a social goal. He talks about his research into social enterprises—organizations that have a social goal, but achieve it in part by charging money for goods and services.
info_outlineIt’s that time when we start to think about what we want to achieve in the coming year. What can you do to make sure that this year you stay motivated and focused on your goals? We ask two experts for advice: Chicago Booth’s Ayelet Fishbach, author of Get It Done: Surprising Lessons from the Science of Motivation, and Wharton’s Katy Milkman, author of How to Change: The Science of Getting from Where You Are to Where You Want to Be.