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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 […]
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 […]
UCLA Department of Economics