Policy & the Economy
![Researchers examine why prescription drug prices and labor costs are lower in Canada than the U.S.](/imager/clientcontent/172269/kellogg_healthcare-cost_01_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/172269/kellogg_healthcare-cost_01_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/172269/kellogg_healthcare-cost_01_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
October 4, 2019
Would "Medicare for All" Really Reduce Healthcare Costs in the U.S.?
Single payer drives significant savings in countries like Canada. But new research suggests it might play out differently in the U.S.
Jillian Chown, David Dranove, Craig Garthwaite and Jordan Keener
![CEO listens to stakeholders including customers, employees, and the community.](/imager/clientcontent/168521/roundtable_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/168521/roundtable_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/168521/roundtable_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
September 19, 2019
Is Maximizing Shareholder Value a Thing of the Past?
Top CEOs recently “redefined” the purpose of a corporation. Kellogg faculty weigh in.
Carola Frydman, Ravi Jagannathan, Robert Korajczyk, José Maria Liberti and Aaron Yoon
![Federal interrogator grills smartphone.](/imager/clientcontent/163360/McCareinsAntitrust_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/163360/McCareinsAntitrust_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/163360/McCareinsAntitrust_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
August 19, 2019
Why Antitrust Regulators Don’t Scare Big Tech
A business law expert explains why the market is more likely than the government to rein in Apple, Amazon, Facebook, and Google.
Mark McCareins
![An H1-B Visa holder applies for a job](/imager/clientcontent/7576/H1-B_visa_art_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/7576/H1-B_visa_art_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/7576/H1-B_visa_art_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
August 14, 2019
The Business Case for Comprehensive Immigration Reform
Two economists propose a bipartisan immigration overhaul, with an eye towards the future of the labor force.
Benjamin Harris and Douglas Holtz-Eakin
![Donald Trump speaks to a crowd.](/imager/clientcontent/134045/Trump-immigrant-rhetoric_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/134045/Trump-immigrant-rhetoric_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/134045/Trump-immigrant-rhetoric_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
August 13, 2019
When People Think Their Neighbors Support Trump, They’re More Likely to Express Anti-immigrant Views
Social norms are powerful—but fluid. A study of the 2016 election shows how they can change.
Georgy Egorov, Leonardo Bursztyn and Stefano Fiorin
![China's expanded monetary policy after the Great Recession helped support less productive companies.](/imager/clientcontent/133915/kellogg_ponticelli_01-011_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133915/kellogg_ponticelli_01-011_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133915/kellogg_ponticelli_01-011_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
August 1, 2019
China Weathered the Global Recession with an Aggressive Stimulus Package. But Did It Prop Up the Wrong Firms?
A cautionary tale about the unintended consequences of credit expansion.
Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
![Philadelphia's soda tax did not work as intended.](/imager/clientcontent/133769/soda-tax_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133769/soda-tax_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133769/soda-tax_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
July 1, 2019
Do Soda Taxes Work? It’s Complicated.
A look at the Philadelphia soda tax shows that it had some benefits—but it didn’t stop people from buying sugary drinks.
Stephan Seiler, Anna Tuchman and Song Yao
![Data makes up a woman's profile](/imager/clientcontent/133799/CutlerGoldberg_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133799/CutlerGoldberg_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133799/CutlerGoldberg_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
July 1, 2019
We’re at a Data Privacy Crossroads. Where Do We Go From Here?
What individuals, regulators, and companies need to consider as we live more of our lives online.
Jennifer Cutler and Samuel Goldberg
![A municipality grows within a piggy bank.](/imager/clientcontent/133701/McGuireTaxes_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133701/McGuireTaxes_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133701/McGuireTaxes_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
June 26, 2019
Do High Local Taxes Really Hurt Economic Growth?
Corporate incentives and low tax rates are supposed to make a city more business-friendly. An economist explains why that’s often not the case.
Therese McGuire
![A worker helps another worker learn at a computer.](/imager/clientcontent/133612/human-capital_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133612/human-capital_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133612/human-capital_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
June 3, 2019
A Nation’s Wealth May Depend on How Much Its Workers Can Learn on the Job
New research suggests that formal schooling is not the panacea to global inequality that many have long believed it to be.
David Lagakos, Benjamin Moll, Tommaso Porzio, Nancy Qian and Todd Schoellman
![A trader looks at a volatile stock market chart made up of newspaper headlines.](/imager/clientcontent/133550/stock_market_new_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133550/stock_market_new_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133550/stock_market_new_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
June 3, 2019
What Causes Stock Market Swings?
Tariffs? Job reports? Oil prices? A new volatility index pinpoints which factors make investors feel uncertain.
Scott R. Baker, Nicholas Bloom, Steven J. Davis and Kyle Kost
![A male scientist's lab is better funded than a female scientist's lab.](/imager/clientcontent/133435/science-and-gender_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133435/science-and-gender_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133435/science-and-gender_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
May 2, 2019
How Big Is the Gender Gap in Science Research Funding?
Two new studies look at who wins the prestigious grants and prizes that can make or break a scientist’s career.
Brian Uzzi, Diego FM Oliveira, Yifang Ma and Teresa Woodruff
![Man reading financial literacy book in living room.](/imager/clientcontent/133382/harrisretirement_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133382/harrisretirement_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133382/harrisretirement_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
May 1, 2019
Worried You’re Not Saving Enough for Retirement? Here’s What You Can Do.
An economist offers suggestions for individuals and policymakers to help make retirement more secure.
Benjamin Harris
![An interaction is seen through a police dashboard camera and a police body camera.](/imager/clientcontent/133311/Kellogg_Complex_Roese_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/133311/Kellogg_Complex_Roese_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/133311/Kellogg_Complex_Roese_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 4, 2019
Do Police Body Cameras Provide an Impartial Version of Events?
New research reveals that people assign blame differently after viewing body cam versus dash cam footage.
Broderick Turner, Eugene Caruso, Mike Dilich and Neal J. Roese
![A person votes on Medicaid expansion.](/imager/clientcontent/132786/medicaid_final2_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/132786/medicaid_final2_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/132786/medicaid_final2_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 7, 2019
Which Voters Want to Expand Medicaid? Maybe Not the Ones You Think
4-year degree-holders tend to be big supporters—even though they are personally unlikely to benefit.
David A. Matsa and Amalia R. Miller
![A home made of dollar bills blows away](/imager/clientcontent/132795/loanrefinancing_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/132795/loanrefinancing_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/132795/loanrefinancing_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 7, 2019
Not Everyone Benefited from Lower Interest Rates During the Great Recession
The Fed wanted to help struggling homeowners. But new lending rules undermined its efforts.
Anthony DeFusco and John Mondragon
![hands push a building-sized jenga.](/imager/clientcontent/132757/VerticalIntegration_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/132757/VerticalIntegration_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/132757/VerticalIntegration_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 7, 2019
How to Navigate a Vertical Merger after the AT&T and Time Warner Ruling
Here’s what companies can do to minimize antitrust concerns in an uncertain regulatory environment.
Mark McCareins
![Lawmakers discuss legislation in the Capitol building as lightning and dark clouds gather outside.](/imager/clientcontent/132722/capitol_final_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/132722/capitol_final_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/132722/capitol_final_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 3, 2019
Politicians Vote Differently When Journalists Aren’t Watching
During natural disasters, the media spotlight shifts—and special interests benefit.
Ethan Kaplan, Jörg L. Spenkuch and Haishan Yuan
![A job hunter googles job information.](/imager/clientcontent/132567/Baker-GoogleJobs_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/132567/Baker-GoogleJobs_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/132567/Baker-GoogleJobs_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
December 5, 2018
What Google Is Teaching Economists About Unemployment Insurance
Search data can tell policymakers whether extending unemployment benefits delays job-seeking.
Scott R. Baker and Andrey Fradkin
![a math teacher uses blocks to teach.](/imager/clientcontent/132536/math_final_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/132536/math_final_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/132536/math_final_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
December 3, 2018
Organizational Change Is Often a Tough Sell, but Encouraging Peer Interactions Can Help
A study of teachers offers lessons on how to get employees on board with reforms.
James P. Spillane, Megan Hopkins and Tracy M. Sweet
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