Political polarization

How Culture and Political Ideology Influence Vaccine Uptake

Research has shown that political ideology and partisans’ underlying core values correspond to preferences for different goods and services in the United...

How the US Partisan Divide Shapes Global Capital Flows

A new empirical paper explores how partisan perception affects capital allocation beyond national borders, showing that the global investment practices of US...

Are American Firms Becoming Politically Polarized?

A new paper examines political polarization among top executives in S&P 1500 firms, highlighting a robust trend toward political polarization in corporate...

Why American Voters Are Still Not Ready to Support Carbon Taxes

Economists and policy elites love carbon taxes, but voters dislike them. A new study suggests that ideology has a lot to do with it....

Are Americans Drifting Apart Culturally?

Is the United States becoming more culturally divided across racial, gender, income, religious, geographic and political lines? New research from SMU and UCLA finds...

Can Credit Tightening Spur Social Unrest? Evidence from 1930s China

In 1933 the United States launched its Silver Purchase program, which raised silver prices worldwide, drained China’s silver stock, and caused credit to Chinese...

“In Just About Every Generation, Many People Thought the American Republic was on the Verge of Collapse”

The second installment of our two-part interview with Harvard Business School professor David Moss about his recent book Democracy: A Case Study. "One of the reasons...

Can “Productive Tensions” Save American Democracy Again?

This is the first installment of a two-part interview we had with David Moss about his recently published book Democracy: A Case Study, which contains...

Stigler Center Lecture: Is American Democracy in Trouble?

David Moss, the Paul Whiton Cherington Professor at Harvard Business School, will examine the health of American democracy from a historical perspective. Fears about extreme...

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Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen, Pau Roldan-Blanco, Tom Schmitz

Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...

ESG & Corporate Governance

History Shows that Voluntary ESG Standards Lead to a More Focused ESG Disclosure

Ethan Rouen, Kunal Sachdeva, Aaron Yoon

In recent years, ESG reports have become more common for publicly traded companies. However, critics have found the information they provide to...

Regulation

Letters that Matter: How Interest Groups Shape Financial Legislation

Renée Adams, Thomas Mosk

Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call?...

Labor

Are There Really Gender Pay Differences in the CEO Labor Market?

Massimiliano Tani, Keiran Sharpe, Andrew Valentine

The gender pay gap is a well-documented phenomenon in global labor markets, but this gap does not seem to apply to the...

Monetary Policy

How Many Banks Are at Risk of Insolvency Right Now?

Amit Seru, Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski

Given the recent banking turmoil and failure of SVB and Signature and issues in First Republic, it is important to understand the...