The Pie: An Economics Podcast

When policymakers passed a historic welfare reform law in 1996, they likely did not anticipate what would happen when youth with disabilities turned 18 and lost their support. We talk with UChicago economist Manasi Deshpande about her novel research studying what portion of them ended up in the criminal justice system.

How can discrimination by race, gender, or other factors be measured – especially when its causes may be systemic in nature? Chicago Booth’s Alex Imas studies behavioral science and economics, and is conducting research that is expanding the scope and ambition of discrimination research. He joined The Pie to discuss the creative new ways economists are capturing discrimination.

New research finds minorities are 24-33% more likely to be stopped for speeding and will pay 23-34% more in fines, relative to a white driver traveling the exact same speed. UChicago economists John List and Justin Holz join The Pie to discuss how they designed research drawing on high-frequency Lyft data, and its broader implications for future research and policy.

Can ‘nudges’ improve your New Year’s resolutions? Today we’re looking back at one of our most popular episodes. Host Tess Vigeland sat down with Nobel laureate Richard Thaler in 2021 to discuss new material from his book, Nudge: The Final Edition – including home mortgages, retirement savings, credit card debt, climate change, organ donation, COVID-19, healthcare, and even “sludge.”

How will China’s economy respond after the lifting of ‘Zero Covid’ policy? UChicago economist Chang-Tai Hsieh joins The Pie to discuss the surprising party response to political protests, emerging dynamics affecting the Chinese economy today, and what the future may hold.

Ten months into a devastating war, the Russian and Ukrainian economies are struggling yet resilient. Russian-born economist Konstantin Sonin joins The Pie to provide an update on the economic impacts of the ongoing conflict, including the massive long-term toll not yet captured in available data.

The Federal Reserve’s latest 75 basis point rate hike brought interest rates up again on everything from mortgages to car loans and credit cards. Will it be enough to halt inflation? How is the Fed thinking about the US economy, unemployment, and its global impact? University of Chicago economist Anil Kashyap joins to discuss the campaign to bring inflation down and mounting pressure on the central bank.

Brad Shapiro, a marketing professor at Booth School, delves into the surprising dynamics of gun demand in America. He reveals how different regulations, like bans and taxes, influence consumer behavior and ownership motivations, particularly focusing on self-protection. The discussion highlights the contrasting effects on seasoned gun owners versus newcomers. Shapiro also emphasizes the importance of data in shaping effective gun regulations and dispels the myth of a direct link between gun circulation and violence, advocating for improved data collection to inform policy.

Did closing schools during the COVID-19 pandemic serve students and society at-large? As part of a World Bank Advisory Panel, University of Chicago economist Rachel Glennerster is taking a closer look at the long-term economic cost of learning losses. Addressing these costs, estimated at greater than $10 trillion, will be crucial to future education policy and pandemic response.

The remote work revolution is now more than two years old, and it’s a worldwide phenomenon, at least in wealthier countries. Economist Steve Davis has been studying the staying power of work from home around the globe, and finds that not only is it here to stay, but it’s prompting larger societal questions about everything from worker power to the viability of urban city centers.