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Marianne Bertrand

Marianne Bertrand is the Chris P. Dialynas Distinguished Service Professor of Economics at the University of Chicago Booth School of Business. She is a Research Fellow at the National Bureau of Economic Research, the Center for Economic Policy Research, and the Institute for the Study of Labor. Professor Bertrand is Faculty Director of Chicago Booth’s Rustandy Center for Social Sector Innovation and the Faculty Director of the Poverty Lab at the University of Chicago Urban Labs. Professor Bertrand also serves as co-editor of the American Economic Review.
Commentary

Why Claudia Goldin Won the Nobel

Marianne Bertrand describes the contributions of Claudia Goldin, this year's Nobel prize winner in economics, as well as her relationship with Goldin as a colleague.
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ESG, Corporate Governance & Future of the Firm

Investing in Influence: Investors, Portfolio Firms, and Political Giving

A new paper examines the relationship between the rising concentration in institutional investors' ownership of publicly traded U.S. firms and portfolio companies'...
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ESG, Corporate Governance & Future of the Firm

“Comments for Sale”: Charitable Donations Can Lead Non-profits to Support Corporate Regulatory Agendas

A new paper shows how financial ties between companies and non-profits can subvert rulemaking process and lead to regulations that favor the...
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Covid-19

Covid-19 Aggravates Existing Income, Gender, and Race Inequalities, and Further Increases Political Divisions

Seventy percent of Americans know someone who tested positive; one in five know someone who died from coronavirus, survey shows.
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Covid-19

Covid-19 Is Reducing Americans’ Confidence Across Institutions

Latest US household survey findings reveal that the Covid-19 crisis caused a sharp reduction in Americans’ confidence in institutions—whether or not they...
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News

Strength in Numbers: Using Data to Track Diversity and Inclusion

Recent protests against racism and police brutality, along with the #MeToo movement, have increased pressure on businesses to measure and improve their...
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Covid-19

How Personal Experiences With Covid-19 Are Changing Americans’ Behaviors and Political Views

While strong divisions persist across party lines, personal experiences with Covid-19, such as loss of income, may affect views and preferences among...
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Covid-19

When and How the US Should Reopen Is a Matter of Politics, Trust in Institutions and Media, Survey Says

A new survey from the Rustandy Center and the Poverty Lab at the University of Chicago finds that political party affiliation and...
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Covid-19

How Are Americans Coping With the Covid-19 Crisis? 7 Key Findings From a Household Survey

New research from the Rustandy Center and the Poverty Lab at the University of Chicago finds that lower-income Americans, especially women,...
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Covid-19

How Has the Covid-19 Crisis Affected Hourly Workers at Small Businesses?

Since the coronavirus crisis began, firms have dramatically reduced employee hours. By March 28, total hours declined over 70 percent in states with the...
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Latest news

Regulation

Why Have Uninsured Depositors Become De Facto Insured?

Michael Ohlrogge
Due to a change in how the FDIC resolves failed banks, uninsured deposits have become de facto insured. Not only is this dangerous for risk in the banking system, it is not what Congress intends the FDIC to do, writes Michael Ohlrogge.
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Antitrust and Competition

Merger Law Reaches Acquirer Incentives and Private Equity Strategies

Steven Salop
Steven C. Salop argues that Section 7 of the Clayton Act prohibits mergers in which the acquiring firm’s unilateral incentives and business strategy are likely to lessen market competition.
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Antitrust and Competition

Tim Wu Responds to Letter by Former Agency Chief Economists

Tim Wu
Former special assistant to the president for technology and competition policy Tim Wu responds to the November 27 letter signed by former chief economists at the Federal Trade Commission and Justice Department Antitrust Division calling for a separation of the legal and economic analysis in the draft Merger Guidelines.
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Book Reviews

Can the Public Moderate Social Media?

Surya Gowda
ProMarket student editor Surya Gowda reviews the arguments made by Paul Gowder in his new book, The Networked Leviathan: For Democratic Platforms.
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Income Inequality

Uninhibited Campaign Donations Risks Creating Oligarchy

Valentino Larcinese, Alberto Parmigiani
In new research, Valentino Larcinese and Alberto Parmigiani find that the 1986 Reagan tax cuts led to greater campaign spending from wealthy individuals, who benefited the most from this policy. The authors argue that a very permissive system of political finance, combined with the erosion of tax progressivity, created the conditions for the mutual reinforcement of economic and political disparities. The result was an inequality spiral hardly compatible with democratic ideals.
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ESG, Corporate Governance & Future of the Firm

Did the Meme Stock Revolution Actually Change Anything?

Dhruv Aggarwal, Albert H. Choi, Alex Lee
Many financial commentators thought that the surge of retail investors participating in the stock market, the most notable of whom boosted “meme stocks” like GameStop, would democratize corporate governance and improve prosocial firm behavior, including the promotion of environmental, social, and governance (ESG) goals. In new research, Dhruv Aggarwal, Albert H. Choi, and Yoon-Ho Alex Lee find evidence that the exact opposite took place.
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Antitrust and Competition

The Kroger-Albertsons Merger Will Not Help Grocery Competition

Claire Kelloway
Kroger and Albertsons say they need to merge to compete with Walmart. Claire Kelloway argues that what they really want is Walmart’s monopsony power, and permitting mergers on these grounds will only harm suppliers, workers, and consumers.
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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