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Robert Barro talked about his views of the effect of the 2017 “Tax Cuts and Jobs Act”. He argued that the lower corporate tax rates will lower the cost of capital, and raise the long-run GDP by around 8%. He also argued that the individual tax cuts will raise the incentive for individuals to work […]
In an essay in Politico, Professor Lleras-Muney discusses the lessons from the Mothers’ Pension Program, an early 20th century welfare program that gave cash to single mothers. Using census records, she finds that children in the program lived one to two years longer, and obtained higher education and incomes. The article can be found here.
Merger approval decisions of national antitrust authorities have important effects on other jurisdictions. For example, the merger of two U.S. pharmaceutical companies may lead to higher drugs prices in Europe, or affect the worldwide level of innovation. As the efficiency gains induced by a merger might be sufficient to outweigh its anti-competitive effect in one […]
Terry emphasizes the importance of learning in diverse settings and engaging with people of different views and backgrounds, especially since UCLA epitomized his UCLA alumnus Michael Terry’s sprint in the business world is comparable to his time as an Olympic track runner: fueled by boundless energy and determination. Terry graduated magna cum laude from UCLA […]
Research done by Katherine Meckel about how hydraulic fracking decreases infant health was featured in the Washington Post. Katherine Meckel’s research findings were also reported in other major news outlets, including CNN, The Wall Street Journal, NPR, The Los Angeles Times, and many other news outlets. The Washington Post article, titled “Fracking Sites May Raise […]
The rise of information technology has made it relatively simple to change prices over the life of a product. Such “dynamic pricing” is important for many industries: In retailing, sellers can carefully manage end-of season sales; in the airline industry, firms can adjust the price of a particular flight to the number of seats sold, […]
Lee Ohanian and Edward Prescott recently published an article in the Wall Street Journal titled “What in the Sam Hill are Cows Doing on the Sand Hill Road?” Here is the text of the article in its entirety: “If you stroll down Sand Hill Road in Menlo Park, Calif., you will find yourself among […]
UCLA alumnus Greg Passani’s foray into the investment banking industry was anything but typical. Currently an Associate at Intrepid Investment Bankers, Passani received his B.A. in Economics at UCLA in 2011, after which he went on to work as a private equity intern at OpenGate Capital, which focuses on acquiring corporate carve-outs, divestitures and special […]
Lee Ohanian recently co-published an article with Ted Temzelides in the Wall Street Journal titled “My Kingdom for a Renewable Energy Source.” Here is the text of the article in its entirety: ‘In 50 years, every street in London will be buried under 9 feet of manure.” With this 1894 prediction, the London Times […]
Martin Hackmann and Benjamin Friedrich’s article “The Returns to Nursing: Evidence from Parental Leave Program” was featured in this week’s Freakonomics Radio Podcast. The host of the podcast discusses the article, and interviews Martin and Benjamin in the radio program.
UCLA Department of Economics