.Milena Almagro (@ChicagoBooth) presented her research “Optimal Urban Transportation Policy: Evidence from Chicago” at today’s BFI Student Lunch Series. ow.ly/6W7050RjkxR

Policies that reduce economic desperation reduce property crime (and hence overall crime rates) but have little effect on violent crime. New research brief from Jens Ludwig (Harris Policy) and Kevin Schnepel. ow.ly/1HQg50RjcAu

Using data on night-time lights captured by satellites, Harris Policy's Luis Martínez shows that autocracies overstate yearly GDP growth by as much as 35%.

ow.ly/HR8950R4qLE

A new growth model from Benny Kleinman, Ernest Liu, Stephen Redding, & Motohiro Yogo offers insights into how countries respond to changes in trade and investment frictions, & can be applied to the economic “decoupling” between China and the United States.

ow.ly/ReWi50R4qE8

Startups backed by venture capitalists (vs. banks) have more promising growth & innovation prospects than other startups.

UChicago Economics' Ufuk Akcigit, Emin Dinlersoz, Jeremy Greenwood, & Veronika Penciakova.

ow.ly/TUOG50R2iMo

In Chicago, welfare would be increased by charging ~$0 for public transit, increasing the frequency of trains & lowering the frequency of buses.

@Chicagobooth's Milena Almagro, Felipe Barbieri, Nathaniel Hickok, Tobias Salz, & Juan Camilo Castillo:

bfi.uchicago.edu/insight/resear…

Teachers have important effects on whether students face arrest, conviction, & incarceration later in life that correlate W/ impacts on suspensions & attendance, not test scores.

Evan Rose (@uchi_economics), Jonathan T. Schellenberg, & Yotam ShemTov.

ow.ly/vaNa50R4qIa

A police training designed to improve decision-making leads to 23% fewer uses of force & discretionary arrests & 11% fewer arrests of Black civilians.

From Harris Policy's Oeindrila Dube, Anuj K. Shah, & Sandy Jo MacArthur

ow.ly/kvg550R4qaK

Startups backed by venture capitalists (vs. banks) have more promising growth & innovation prospects than other startups.

UChicago Economics' Ufuk Akcigit, Emin Dinlersoz, Jeremy Greenwood, & Veronika Penciakova.

ow.ly/TUOG50R2iMo

ICYMI: In this episode of The Pie, Evan Rose (@uchi_economics) discusses results from his recent experiment to measure discrimination among the largest employers in the United States. Listen to the findings here: ow.ly/Z8Mw50RhfZQ

Firms often keep their nominal discount rates constant even in the face of changing inflation expectations. ⬆️ in expected inflation therefore ⬇️ firms’ real discount rates and ⬆️ real investment. Masao Fukui, Niels Gormsen & Kilian Huber (Chicago Booth) ow.ly/Bbmc50RhxHJ

NEW: In this episode of The Pie, Evan Rose (@uchi_economics) discusses results from his recent experiment to measure discrimination among the largest employers in the United States. Listen to the findings here: ow.ly/Z8Mw50RhfZQ

Certain firms are 24% less likely, on average, to call back Black job applicants compared to white job applicants. See who they are in our new interactive:

Research from @uchi_economics' Evan Rose, Patrick Kline, & Christopher R. Walters

ow.ly/KMKh50RblzJ

CALL FOR PAPERS: The AI in Social Science Conference aims to promote dialogue and explore new methodologies, datasets, and technologies to advance understanding and push knowledge boundaries. All interested researchers are welcome to submit papers by 5/1. ow.ly/lAL150QJWo5

Every dollar Medicare spends on monitoring generates $24–29 in government savings, mainly from the deterrence of medically unnecessary future care.

Harris Policy's Maggie Shi

ow.ly/c6Ya50RghXS

New working paper, 'Monetary Policy, Segmentation, and the Term Structure,' from Chicago Booth's Rohan Kekre, Moritz Lenel, and Federico Mainardi. ow.ly/7rbW50RgzCp

Apply at: bit.ly/43Z8xZC

ChatGPT generates measures of corporations’ exposure to risks that outperform existing measures in predicting firm-level stock market volatility, investment, & innovation.

Chicago Booth's Alex G. Kim, Maximilian Muhn, & Valeri Nikolaev

ow.ly/tbKe50Rgfcy

Interested in pre-doc opportunities at BFI? Check out opportunities to work w/ economists at UChicago before applying to grad school: ow.ly/1Ix750QBhfH

#econra

Households (small businesses) paid $204 ($92)million per year in Upstate NY due to electricity use by cryptomining. When energy prices are fixed, cryptomining deteriorates wages & investments.

Chicago Booth's Giovanni Compiani, Matteo Benetton, & Adair Morse

ow.ly/xRzr50QJm0p