Arbitration is a private bilateral conflict resolution procedure in which a third party, the arbitrator, makes a binding decision on the dispute. Compared to formal litigation through a court system, it is generally faster and cheaper. Arbitration has been extensively …
In the U.S. today, there exist large racial disparity in economic outcomes. In wealth, the median white household had more than ten times the wealth of the median African American household. Addressing the racial gap in economic outcomes is a …
Large firms play a pivotal role in international trade, with a significant share of exports done by a small number of mega-firms, which enjoy substantial market power across destination markets. The fates of these large firms shape, in part, the …
Despite dramatic expansions in access to schooling in low-income countries, learning levels remain low. For example, in rural Pakistan, 25% of primary school students don’t experience any test score gains over the course of year. This has led to substantial …
From the Wall Street Journal:
America has lost one of its greatest economists and public intellectuals. Walter Williams died Wednesday morning after teaching his final class at George Mason University on Tuesday. He was 84.
For 40 years Walter
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Described as “perhaps the foremost labor economist of his generation,” UCLA alumnus, Stanford economics professor, and White House advisor, Edward P. Lazear passed away this week.
Professor Lazear received undergraduate and masters degrees in economics from UCLA in 1971. He …
The COVID-19 pandemic has wrought havoc on the global economy. To cope with this unprecedented economic shock, many large US corporations turned to the $10 trillion corporate bond market. However, with the prospect of downgrades and possible defaults, along with …
“All these equations and graphs, how often am I going to use them at work anyway?”
More likely than not, this question will have crossed your mind at some point in your undergraduate career, especially when you’re scratching your head …
According to the Bureau of Labor Statistics, about 10% of workers today are unemployed. This rate however is at least twice as high among those ages 15-25. This pattern is not unique to today. In fact, youth unemployment rates have …
UCLA is ranked as the top American school for economic mobility, and there is no better example than that of Lloyd Greif. Once a full-time student and employee, he worked his way to become one of UCLA’s most prestigious …
