Economics

“There aren’t many ways to escape the apparent choice between protecting public health and protecting the economy,” says MIT economist Pierre Azoulay. “There is only one, and that’s innovation.”

An innovation plan to beat Covid-19

MIT economist Pierre Azoulay outlines a roadmap for scientific success against the virus.

May 8, 2020

New research by MIT economist Daron Acemoglu shows that since 1987, automation has taken away jobs from lower-skill workers without being replaced by an equivalent number of labor-market opportunities.

Study finds stronger links between automation and inequality

Job-replacing tech has directly driven the income gap since the late 1980s, economists report.

May 5, 2020

A new study co-authored by an MIT professor shows firms that move quickly to use robots tend to add workers to their payroll, while industry job losses are more concentrated in firms that make this change more slowly.

Robots help some firms, even while workers across industries struggle

Study finds manufacturing companies that are quick to automate can thrive, but overall employment drops.

May 5, 2020

MIT professor Daron Acemoglu is co-author of a new study showing that each robot added to the workforce has the effect of replacing 3.3 jobs across the U.S.

How many jobs do robots really replace?

MIT economist Daron Acemoglu’s new research puts a number on the job costs of automation.

May 4, 2020

Abhijit Banerjee, Bonnie Berger, and Roger Summons (left to right) are new members of the National Academy of Sciences.

Three from MIT elected to the National Academy of Sciences for 2020

Faculty members Abhijit Banerjee, Bonnie Berger, and Roger Summons elected by peers for outstanding contributions to research.

May 1, 2020

A report from the MIT Open Learning Workforce Education Project argues that higher education can and should play a vital role in providing workers with 21st-century skills suited to new technologies, as well as opportunities to move into better-paying jobs.

Workforce Education Project details how Covid-19 upends assumptions

Report finds that higher education institutions can play a significant role in reforming workforce education.

April 28, 2020

Six from MIT elected to American Academy of Arts and Sciences for 2020

Prestigious honor society announces more than 250 new members.

April 24, 2020

2020 John Simon Guggenheim Foundation Fellows include (left to right) Sabine Iatridou, professor of linguistics; Jonathan Gruber, professor of economics; and Rebecca Saxe, professor of cognitive neuroscience.

Three from MIT awarded 2020 Guggenheim Fellowships

MIT professors Sabine Iatridou, Jonathan Gruber, and Rebecca Saxe have been selected to pursue their work “under the freest possible conditions.”

April 14, 2020

Jing Li, an assistant professor of applied economics, engages with her students during the Electricity Strategy Game debrief.

Energy economics class inspires students to pursue clean energy careers

The Electricity Strategy Game is a prominent feature in 15.0201/14.43 (Economics of Energy, Innovation, and Sustainability).

April 13, 2020

"Health care in [community health centers] has been turned upside down by the coronavirus pandemic," says Jeffrey Harris, physician and MIT economist. "Patients with chronic conditions are being dissuaded from coming in. Instead, telehealth service has become the new form of care."

3 Questions: Jeffrey Harris on the evolution of health care during the Covid-19 pandemic

Physician and MIT economist provides insights into health care during the pandemic, and how electronic or “telehealth” service has become the new form of care.

April 8, 2020

A new study co-authored by Emil Verner, an assistant professor at The MIT Sloan School of Management, shows that in the 1918 flu pandemic, cities that had more aggressive interventions including social distancing also experienced stronger economic recoveries afterward.

The data speak: Stronger pandemic response yields better economic recovery

Study of 1918 flu pandemic shows U.S. cities that responded more aggressively in health terms also had better economic rebounds.

March 31, 2020

Jonathan Parker PhD ’96, the Robert C. Merton (1970) Professor of Finance at the MIT Sloan School of Management, is a leading expert in understanding how U.S. citizens use stimulus payments from the government, and how big an impact such efforts make on the national economy.

3 Questions: Jonathan Parker on building an economic recovery

MIT professor evaluates the effect of government stimulus on the crisis-hit U.S. economy.

March 30, 2020

Pierre Azoulay, the International Programs Professor of Management at the MIT Sloan School of Management, is co-author of a newly-published paper finding that the average age of the most successful start-up founders is 45 — much higher than popular imagery often suggests.

A business edge that comes with age

Economist Pierre Azoulay answers three questions about his finding that middle-aged entrepreneurs fare better than twentysomethings.

March 19, 2020

“For decades, health economists have been searching to find the holy grail of a natural experiment to tell us what would happen if people couldn’t sue for malpractice,” says economist and MIT professor Jonathan Gruber.

Moving beyond “defensive medicine”

Study shows removing liability concerns slightly increases C-section procedures during childbirth.

March 11, 2020

A study co-authored by MIT economists links the fall in the percentage of gross domestic product going to workers to the gain in market share of large companies that spend more on capital and less on workers.

Why are workers getting smaller pieces of the pie?

Market concentration in the form of “superstar” firms has been lowering labor’s share of GDP in recent decades, a new study finds.

March 10, 2020

MIT News | Massachusetts Institute of Technology

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