Meet the “Everywhere Millionaires” proving that elite degrees aren’t a prerequisite for building massive wealth.

Chicago Booth’s Eric Zwick discusses how the wealthy bend policy to their advantage.

A is for Auto Dealer, B is for Beverage Distributor, C is for Contractor

From two leading economists comes a groundbreaking new portrait of the hidden fortunes of Main Street business owners—ordinary Americans who built extraord...

They hide in plain sight--and wield enormous power

When firms pay workers in promises rather than cash, the national accounts struggle to keep track.

(September 2022) - We study the coevolution of the fall in the US corporate-sector labor share and the rise of business activity in tax-preferred pass-throughs. We find that reallocating activity to t...

Why experts disagree by $125 billion on California's proposed billionaire wealth tax

The Fed’s wealth data obscures much of private business ownership—distorting our picture of top wealth in America.

How provisions designed for Main Street increasingly benefit its wealthiest owners

Small business owners played a major role in the tariff battle

Three of four large American businesses are private

Some simple arithmetic on inequality and housing costs

What an aging Congress has to do with the United States’ generational wealth gap.

We have opened our search for predoctoral research positions starting July 6, 2026 to assist faculty members in all aspects of their research.For more information, register for a Zoom info session wit...

"I’m trash by day and luxury properties by night."

A dispute over plans for a colossal highway rest stop has divided a small Colorado town—and it’s boiled over into slashed tires and crude name-calling.

Estimates from the Congressional Budget Office, released Thursday, offer a detailed view into the effects on income groups.

Estimates from the Congressional Budget Office, released Thursday, offer a detailed view into the effects on income groups.

Podcast Episode · Plain English with Derek Thompson · 05/28/2025 · 1h 8m

It's commencement season. This year's speakers they include military leaders, politicians, sports stars, captains of industry, celebrities, even a famous frog. They'll all be addressing many young gra...

YouTube video by CNN

(Summer 2024) - We assess the business provisions of the 2017 Tax Cuts and Jobs Act, the biggest corporate tax cut in US history. We draw five lessons. First, corporate tax revenue fell by 40 percent ...

Stay tuned for updates on our forthcoming book. Click to read Owen’s Substack, by Owen Zidar, a Substack publication. Launched 3 days ago.

The rule has proven to be expensive, regressive, complicated, ineffective in promoting investment, and unfair to wage earners.

Talked to Michael Smerconish on his podcast about entrepreneurs who quietly build multimillion-dollar fortunes through unglamorous, essential businesses

The road to riches is paved with cup holders, burgers and miles of elementary school carpeting for many medium-size regional businesses, a sector with growing importance to the U.S. economy.

Times analysis of air traffic recordings and flight data shows that outage-related problems persisted far longer than what the officials have acknowledged.

The tariffs on China could put us out of business by 2027. All our blood, sweat, and toil could vanish with the stroke of a pen.

The move threatens to paralyze the Low Income Home Energy Assistance Program, which helps to offset high utility bills for roughly 6.2 million people nationwide.