Policy & the Economy
![Using a horizontal organizational structure in rail infrastructures boosts a nation's railway industry efficiency.](/imager/clientcontent/35759/BesankoTrains_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/35759/BesankoTrains_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/35759/BesankoTrains_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
August 2, 2017
What Happens to Quality When One Company Builds the Tracks and Another Runs the Trains?
Governments looking to improve their infrastructure will want to know the answer.
David A. Besanko and Shana Cui
![Like chess, national security strategy can also benefit from game theory.](/imager/clientcontent/35592/iStock-490206759_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/35592/iStock-490206759_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/35592/iStock-490206759_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
June 19, 2017
Is an Unpredictable Leader Good for National Security?
Think the goal is to keep your enemies guessing? Game theory suggests otherwise.
Sandeep Baliga
![The economic effects of immigration include the spread of prosperity across America.](/imager/clientcontent/35552/emmigration_large_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/35552/emmigration_large_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/35552/emmigration_large_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
June 6, 2017
Does Immigration Help or Hurt Local Economies?
Historically, where immigrants cluster in the U.S., prosperity follows.
Nathan Nunn, Nancy Qian and Sandra Sequeira
![We are influenced by racial biases and information even when we are not aware of their presence.](/imager/clientcontent/35202/bias_final2_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/35202/bias_final2_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/35202/bias_final2_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 10, 2017
We Are Influenced by Racial Information Even When We Are Not Aware of Its Presence
Many of us acknowledge that implicit racial bias exists, but the problem goes deeper than we think.
Jie Yuan, Xiaoqing Hu, Yuhao Lu, Galen Bodenhausen and Shimin Fu
![Navigating regulatory challenges helped Uber in New York.](/imager/clientcontent/35155/UberWeb_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/35155/UberWeb_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/35155/UberWeb_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
April 6, 2017
How Uber Took Manhattan
A Q&A on how startups can anticipate and navigate regulatory challenges.
Nicola Persico and Bradley Tusk
![The AHCA vs ACA: Here are the differences](/imager/clientcontent/35049/CongressBuildingFinal_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/35049/CongressBuildingFinal_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/35049/CongressBuildingFinal_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
March 13, 2017
A Healthcare Policy Expert on Four Key Differences Between the ACA and the AHCA
Craig Garthwaite explains how the GOP proposal could impact patients, insurers, and hospitals.
Craig Garthwaite
March 8, 2017
To Stop ISIS Recruitment in Western Countries, Promote Assimilation
An outsized number of radicalized recruits come from prosperous, egalitarian nations where Muslims feel isolated.
Efraim Benmelech and Esteban Klor
![School gun violence is linked to the unemployment rate, and can be seen as a symptom to a struggling economy.](/imager/clientcontent/34857/safe_schools_final_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/34857/safe_schools_final_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/34857/safe_schools_final_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
March 6, 2017
School Shootings Rise and Fall with the Unemployment Rate
Researchers set out to quantify gun violence at U.S. schools and made a surprising discovery.
Adam Pah, John Hagan, Andrew L. Jennings, Aditya Jain, Kat Albrecht, Adam J. Hockenberry and Luis A. Nunes Amaral
![A highly skilled worker repairs the H-1B visa lottery machine.](/imager/clientcontent/34661/aobdiaH1BVisa_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/34661/aobdiaH1BVisa_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/34661/aobdiaH1BVisa_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 6, 2017
Companies Want to Hire the Best Employees. Can Changes to the H-1B Visa Program Help?
The current lottery is not optimal for top foreign applicants or the companies that want to hire them.
Daniel Aobdia
![An ex-offender tries to get hired despite his criminal record.](/imager/clientcontent/34662/ex-offender-employee_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/34662/ex-offender-employee_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/34662/ex-offender-employee_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 3, 2017
Should You Hire Someone with a Criminal Record?
Companies that give ex-offenders a fresh start may be rewarded with employees who stick around.
Dylan Minor, Nicola Persico and Deborah M. Weiss
![The Volkswagon emissions scandal may have been caused by tightening environmental regulations.](/imager/clientcontent/34626/Volkswagon-Emissions-Chopra_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/34626/Volkswagon-Emissions-Chopra_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/34626/Volkswagon-Emissions-Chopra_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
February 2, 2017
What Volkswagen's Emissions Scandal Can Teach Us about Why Companies Cheat
Tighter standards may backfire in industries with fierce competition.
Kejia Hu and Sunil Chopra
![Committing a property crime while drunk.](/imager/clientcontent/34532/drinking_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/34532/drinking_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/34532/drinking_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 6, 2017
Why Are We So Quick to Excuse Drunken Behavior?
From criminal sentencing to corporate indiscretions, we hold people less accountable when alcohol is involved.
Kelly Goldsmith, Hal Ersner-Hershfield and Chelsea Galoni
![An uninsured person struggles to pay for hospital care.](/imager/clientcontent/34461/Uncompensated-Care_Color_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/34461/Uncompensated-Care_Color_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/34461/Uncompensated-Care_Color_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
January 5, 2017
Under the ACA, the Cost of Caring for the Uninsured Decreased for Hospitals
The benefit has come only in states that expanded Medicaid.
David Dranove, Craig Garthwaite and Christopher Ody
![A public health campaign aimed to curb Russian drinking.](/imager/clientcontent/34271/Russian_Drinking_Color_Web_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/34271/Russian_Drinking_Color_Web_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/34271/Russian_Drinking_Color_Web_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
December 2, 2016
How Drinking Beer Is Saving Russian Lives
Decades later, a Soviet public health initiative is still increasing male life expectancy.
Lorenz Kueng and Evgeny Yakovlev
![A person watches direct-to-consumer TV drug advertising.](/imager/clientcontent/34268/Full_1120_Pharma_Blockbuster_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/34268/Full_1120_Pharma_Blockbuster_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/34268/Full_1120_Pharma_Blockbuster_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
December 2, 2016
The Hidden Benefits of TV Drug Ads
Patients and taxpayers benefit from controversial direct-to-consumer pharmaceutical advertising.
Michael Sinkinson and Amanda Starc
![](/imager/clientcontent/15892/ranking_final_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/15892/ranking_final_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/15892/ranking_final_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
November 2, 2016
Why Sending Your Kid to the Best Possible School May Backfire
Being surrounded by smarter peers can hurt test scores and incite disruptive behavior.
Steve Cicala, Roland G. Fryer Jr. and Jörg L. Spenkuch
![Tax structure impacts career choice](/imager/clientcontent/15893/taxes_final2_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/15893/taxes_final2_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/15893/taxes_final2_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
November 2, 2016
Higher Taxes Can Make Altruistic Jobs More Attractive
But subsidizing these careers may ultimately do more good.
Benjamin B. Lockwood, Charles Nathanson and E. Glen Weyl
![](/imager/clientcontent/131907/Lagarde_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/131907/Lagarde_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/131907/Lagarde_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
October 10, 2016
Christine Lagarde on Income Inequality, Brexit, and the Power of M&Ms
A Q&A with the IMF managing director and Kellogg’s Sergio Rebelo.
Christine Lagarde and Sergio Rebelo
![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)
September 7, 2016
Does the H-1B Visa Program Hurt American Workers?
At least in one industry, these applicants appear to take jobs others do not want.
Daniel Aobdia, Anup Srivastava and Erqiu Wang
![A brokerage with political connections trades on insider information.](/imager/clientcontent/8109/senator_final_1_ed70ba7fff77c9fd60c2624db9acdf1d.jpg 600w, /imager/clientcontent/8109/senator_final_1_9c164550f17b68a3a905c55008f1b636.jpg 300w, /imager/clientcontent/8109/senator_final_1_2ea97daf9584eb0a9356116bfb5b61d0.jpg 25w)
August 1, 2016
How Much Do Brokerage Firms Benefit from Political Connections?
Politicians can’t trade on insider information—but the firms they talk to can.
Dane M. Christensen, Michael B. Mikhail, Beverly Walther and Laura A. Wellman
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