Economics of Immigration SeriesThe Chicago Policy Review is pleased to present a new special series on immigration. Originally conceived in October 2016, the Review did not anticipate that the timing of this series would be so relevant. Currently, the economic... More »
As recently as twenty years ago, economists taught that as the supply of unskilled labor increased due to immigration, legal or otherwise, the wages and employment of natives would fall as the two groups competed for a fixed number of jobs. This perspective ca... More »
Global poverty has been decreasing over the past two decades as a result of fast-paced economic growth. The number of people living in extreme poverty, which is defined as a household subsisting on less than $1.90 a day, fell by more than 60 percent over this ... More »
Since 2015, the Mexican Peso has been the second most depreciated currency among emerging countries. This depreciation is mostly due to the operating and liquidity conditions of the currency, since it can be traded twenty-four hours a day, seven days a week, w... More »
After the financial crisis, the number of unemployed workers in the United States reached nearly 15 million in 2009 and the unemployment rate rose almost 10 percent in the same period. The slow recovery of the economy, and particularly of employment, has led t... More »
Productivity is a fundamental concept in business because it encompasses how employees, firms, and the economy as a whole efficiently transform their inputs into outputs. From the macroeconomic perspective, productivity is often analyzed using aggregate indust... More »
Most firms in today’s economy are dependent on financial services such as lending or insurance. Developed countries are at the forefront of financial availability in terms of both institutions and regulations. By ensuring broad access to finance, countries pr... More »
Illegal immigration is a tumultuous topic for the Obama administration, and continues to be a source of heated debate in the 2016 presidential election. The U.S. Customs and Border Protection (CBP) Agency reports that illegal attempts to cross the Mexico–US bo... More »
There is an ongoing debate about the impact of international aid on growth, particularly in developing countries. Jeffrey Sachs and William Easterly represent the two primary strains of thought in this debate. Sachs argues that foreign aid constitutes an impor... More »
A recent research report entitled “Tax Benefits For College Attendance” conducted by Susan Dynarski and Judith Scott-Clayton investigates how the federal government could streamline the existing federal financial aid system and increase uptake for college tax ... More »
Evidence suggests that Ban the Box policies in high-crime neighborhoods have a positive effect on employment, compared to other high-crime neighborhoods that have not yet implemented the measure. Adopting this measure could impact employment opportunities in h... More »
Employing network theory to understand social and economic interactions is coming into prominence, and these authors want to understand this phenomenon. More »