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Denis Chetverikov has been named as a 2019 Sloan Fellow, one of eight economists nationwide. Denis Chetverikov is a theoretical econometrician with broad interests. His worked has greatly enhanced our understanding of high dimensional and nonparametric models – an area often referred to as “big data”. Among his most important contributions are the high dimensional […]
A recent article in the Financial Times leans heavily on research from UCLA Professor Lee Ohanian. According to the piece, “How the US actually financed the second world war,” the US raised taxes on capital from 44 to 60 percent during the second world war. Further, labour taxes doubled, from 9 to 18 percent. According […]
The UCLA Department of Economics congratulates Professor Michela Giorcelli for winning the Scoville Award for best undergraduate teaching in Fall 2018 for her class Econ 181, Development of Economic Institutions in Western Europe. This course applies economic theory and quantitative reasoning to study the economic history of Western Europe from the 18th to the 20th […]
By Till von Wachter, Jae Song, David J Price, Fatih Guvenen and Nicholas Bloom We use a massive, matched employer-employee database for the United States to analyze the contribution of firms to the rise in earnings inequality from 1978 to 2013. We find that one-third of the rise in the variance of (log) earnings occurred […]
This article by Lee Ohanian originally appeared in The Hill. Last week, 31,000 Los Angeles Unified School District teachers represented by the United Teachers of Los Angeles (UTLA) union went on strike for the first time in 30 years. Substitute teachers and administrators make up a skeleton crew that is keeping schools open, and about […]
I have just learned of Harold Demsetz’s death. I knew he had been in decline for some time, but the news still occasioned a great sadness. Harold was a major influence on me and on the world at large. It is this larger significance of his work that I want to emphasize here. We have […]
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Nearly half of millennials say they prefer socialism to capitalism, but what do they mean? “My policies most closely resemble what we see in the U.K., in Norway, in Finland, in Sweden,” Rep. Alexandria Ocasio-Cortez told “60 Minutes.” Yet Sweden’s experiment with socialist policies was disastrous, and its economic success in recent decades is a […]
UCLA Department of Economics