In December 2022, China abandoned its draconian Zero-COVID policy (also called Dynamic Zero-COVID Policy), a move that was one of the most dramatic shifts in its coronavirus prevention measures. As the world belatedly welcomes China back, it is important to lo... More »
The issue of regional inequality is endemic to modern developed economies. While some regions experience growing populations and economic innovation, others are subject to decline. Even within specific high-growth metropolitan areas, there are neighborhoods th... More »
Crime imposes an immense burden on cities, taking its toll in higher policing costs, lower property values, fewer job opportunities, and reduced overall quality of life. High and rising rates of crime are often cited as reasons for businesses not to locate to ... More »
Since 2014, more than half of all fish consumed by humans have been farmed rather than caught in the wild. Aquaculture — which includes the farming of not only fish, but also mollusks, shellfish, algae, seaweed and more — has grown exponentially for decades an... More »
In 2012, the average resident of San Francisco supported about $76,000 in gross domestic —about $19,000 more than the average in Chicago. That gap has widened to more than $29,000 today. San Francisco’s economy is growing nearly three times faster on a per cap... More »
The uneven distribution of globalization-driven economic growth has led researchers to question whether growth actually decreases poverty and inequality. They have tried to answer questions such as: Does growth affect poverty at all? Is growth sufficient to re... 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 »
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 »
This piece, first published on January 29, 2014, is being republished as part of the Chicago Policy Review‘s 20th Anniversary Series. Please visit us here to learn more about the series from our Executive Editors.President Lyndon B. Johnson signed the Fair Hou... More »
This piece, first published on October 22, 2014, is being republished as part of the Chicago Policy Review‘s 20th Anniversary Series. Please visit us here to learn more about the series from our Executive Editors.Throughout the world women often receive less e... More »
New research explores the complex relationship between housing prices and consumer spending. The magnitude of this relationship can vary considerably over time and across households. More »