Many of us Bruins reminisce on the moment we decided to come to UCLA. For Dr. Michael Powell this moment occurred at the very top of Janss steps. Experiencing the beauty of campus and Los Angeles from this UCLA gem made it clear that UCLA was the school for him. From then on, Michael describes […]
The Marshall Plan, sponsored by the United States between 1948 and 1952 to help Europe recover from World War II, is the largest economic and financial aid program ever experienced in the world. It transferred to European countries $130 billion (in 2010 USD), around 5 percent of US GDP in 1948, which was mainly used […]
The effect of large-scale foreign investments in developing countries remains an important open question. Despite their pervasiveness in the emerging world, the extent to which host economies benefit from these investment projects is widely debated. On the one hand, the extractive activities and exploitation of foreign companies may explain why some places remain persistently poorer […]
Jason Mozingo faced the same decision many prospective UCLA students face: enroll at Berkeley or go to school in Westwood. But for Jason, whose parents had gone to UCLA, the decision to become a Bruin wasn’t just an easy one, it was a rewarding one. At UCLA, his bread and butter was economics. Jason took difficult […]
The 2020 UCLA Ph.D. Economics job market outcomes were released today. Congratulations to all of our students – We are very proud of you! Half the class will stay in academia, including positions at Yale, Southern Methodist, and Reed in the US, and Nottingham, Tsinghua and Shanghai University of Finance and Economics outside the US. […]
The COVID-19 crisis has led to historically unprecedented increases in the level of initial Unemployment Insurance (UI) claims filed in California since the start of the crisis in mid-March. Till von Wachter and UCLA’s California Policy Lab have partnered with the Labor Market Information Division of the California Employment Development Department to analyze daily UI […]
In this op-ed in the Sydney Morning Herald, John Asker argues that the Australian government should bail out Virgin Australia in order to maintain competition in the airline market.
How do different income taxation systems — for instance individual vs. joint — affect people’s decisions and welfare? Answering this question is important because governments can choose among several systems that differ most prominently for the treatment of individuals in married households. They can adopt an individual tax system, following the example of Canada and […]
“Never pass up on a free meal” might sound like cheeky advice for a college student struggling to get by but for Aaron Behle it means something entirely different. In fall of his Junior year in the UCLA Economics program, the family member of a friend who worked at Ernst and Young invited Aaron to […]
Cartels are a common feature in most economies. For instance, in the 2015-19 period, the European Commission imposed fines in excess of €8.3 billion in 27 cartel cases. It is well understood that cartels reduce social welfare by increasing prices and restricting output. Cartels may generate additional costs to society by increasing the market share […]
