“Kathryn, you’re in!” declared the UCLA admission officer as she immediately recognized the voice on the other side of the phone. Why could an admission officer, who dealt with thousands of students each year, recognize a voice so quickly? It was because she had been receiving daily phone calls from a young Kathryn Brewer, anxious […]
Almost three million children in the U.S. have a parent in prison. Do these missing parents harm child development or, conversely, remove a negative influence? Imprisoning a parent may have many effects on a child. On the negative side, parental incarceration could create emotional trauma and impose financial hardship. Often childcare arrangements are disrupted and […]
Harold Demsetz, UCLA Professor of Economics since 1971, died on January 4, 2019 at the age of 88. A grandchild of immigrants from eastern Europe, Harold grew up in a poor neighborhood on the west side of Chicago, where he met his surviving and loving wife Rita. He originally attended forestry school at the University […]
Harold Demsetz was a Professor of Economics at UCLA from 1971 until his retirement (if he ever really retired). He was the Arthur Andersen Chair in Business Economics and chaired the UCLA Department of Economics from 1978-1980. He was also elected fellow of the American Academy of Arts and Sciences. But the most important thing about […]
Professor Harold Demsetz will be greatly missed by all who were either his friends, his students, his colleagues, or, in my case, all three! Harold grew up on the West Side of Chicago. He received his B.A. (1953) and MBA (1954) from the University of Illinois. In 1958 he was awarded a Ph.D. in Economics […]
Like many of UCLA’s students, Sahil hails from northern California growing up in the quaint suburbs of the Bay Area. Growing up in high school, he was actively involved with his marching band, playing the alto saxophone and piano. Interestingly enough, Sahil’s affinity for jazz music and the opportunity to play for the marching band […]
How can we untangle beliefs from tastes in everyday decision-making? A hiring manager may reject a minority job applicant because he believes the candidate is unqualified or because of a personal bias against working with minorities. An admissions officer may reject a minority student because he believes the student is academically weak or because of […]
Earlier this month, Professor Till von Wachter was awarded a $5.5 million renewal grant by the Laura and John Arnold Foundation for continued funding of the California Policy Lab (CPL) at UCLA, of which he serves as Faculty Director. The grant is shared with UC Berkeley (UCB), which houses a sister lab, the California Policy […]
Entrepreneurship and academic research are two words that are rarely used in the same context. However, Dr. April Franco’s illustrious career as a research economist seamlessly blends these two worlds together, producing some of the most innovative research in the fields of management science, industrial organization and applied game theory. Furthermore, her journey through the […]
Earnings data from UCLA shows that UCLA Business Economics and Economics graduates earn 45% and 30% more than average UC graduates two years after graduation, and that these differences persist. For example, 10 years after graduation, the median Business Economics student earns $113k, while a quarter of the class earn more than $158k. This speaks […]
