Wall Street Journal reporter Mark Hulbert writes that a new study by MIT researchers finds that most investors “can do much better than the one-size-fits-all approach to equity allocations that target-date funds offer for your retirement portfolio.”
A new study by MIT economists finds that a one-time economic boost can help improve a person’s income, mental health and productivity even a decade later, reports Kristin Toussaint for Fast Company. “There is one very common concern, that somehow they will become lazy as a result of getting this opportunity; and if anything, we find the opposite. They work a little harder,” says Professor Abhijit Banerjee. “But most importantly, they’re enterprising.”
Prof. Alessandro Bonatti speaks with Man In The Arena podcast host Gotham Chopra about how game theory can be applied to football. “Definitely on Sundays I see a lot of game theory on the field, and I think there are many coaches that would recognize that they are applying these principles but being a good strategist or a good manager involves thinking strategically at a very large degree,” says Bonatti.
A new study co-authored by Prof. Antoinette Schoar finds that the “top Bitcoin holders control a greater share of the cryptocurrency than the most affluent American households control in dollars,” reports Paul Vigna for The Wall Street Journal. “Despite having been around for 14 years and the hype it has ratcheted up, it’s still the case that it’s a very concentrated ecosystem,” explains Schoar.
Prof. Antoinette Schoar and Igor Makarov of the London School of Economics conducted a new study that mapped out every Bitcoin transaction since 2008, reports Fortune reporter Marco Quiroz-Gutierrez. “According to the study, 90% of Bitcoin transactions are not a result of a user buying something with the currency, but rather transactions between a single user’s own crypto accounts,” writes Quiroz-Gutierrez.
In a letter to the Financial Times, graduate student Daniel Aronoff makes the case that the demise of local banks in the U.S. should be examined and regulatory changes should be made to enable them to operate more profitably. “A system that can make small loans to small entrepreneurs not only helps the borrowers, but also promotes a more efficient allocation of resources in the economy," Aronoff writes.
Gizmodo reporter Mack DeGeurin writes that a new study co-authored by MIT researchers finds that just .01% of Bitcoin buyers control around 27% of the 19 million cryptocurrency in circulation. “This tiny concentration of so much wealth means the Bitcoin rich will likely only get richer if the cryptocurrency continues to increase in value,” DeGeurin writes. “It also means power is less dispersed, which could make Bitcoin more susceptible to systemic risk.”
Prof. Jonathan Gruber speaks with GBH co-hosts Jim Braude and Margery Eagan about the cause and future of inflation in the United States. “I think that inflation is going to come down because I think people are going to start to run out of this extra money they have been spending, but I don’t think it’s going to come down in the near future anywhere toward the levels it was in the 2000s” says Gruber.
NPR reporter David Gura spotlights U.S. Securities and Exchange Commission Chair Gary Gensler as he takes a new approach to his role as head of the SEC. After teaching a cryptocurrency course at MIT and serving as the chair of the Commodity Futures Trading Commission under President Obama, Gensler has “promised he’ll unveil new rules across the board as part of an ambitious agenda, from cryptocurrencies to new disclosure rules,” says Gura.
Bloomberg Businessweek reporter Shawn Donnan spotlights Prof. David Autor’s series of research papers examining the impact of the surge of Chinese imports on the overall American economy and specific regions of the country. Autor and his colleagues make the case that “well-funded, targeted government policies could have helped prevent the economic blight that engulfed many affected communities.”
Forbes contributor Adi Gaskell writes that a new study by MIT researchers finds increased investment in robotics and automation-based technologies as populations age. Gaskell notes that: “the data shows a strong relationship between the age of the workforce, which was defined as the ratio of workers aged over 56 and those aged between 21 and 55, and the adoption of robotics in 60 different countries.”
A new working paper co-authored by MIT researchers shows how the transition to remote schooling during the Covid-19 pandemic impacted student achievement, in particular for low-income and minority children, writes The Wall Street Journal Editorial Board. The researchers found “the share of students who scored ‘proficient’ or above declined in spring 2021 compared to previous years by an average of 14.2 percentage points in math and 6.3 percentage points in language arts.”
Prof. Kristin J. Forbes has found that "those parts of the consumer-price index influenced by global factors, such as commodity prices, currency fluctuations and global value chains, drove half the changes in the index between 2015 and 2017, up from about 25% in the early 1990s," reports Yuka Hayashi for The Wall Street Journal.
Joseph Coughlin, director of the MIT AgeLab, and Luke Yoquinto, a research associate at the AgeLab, emphasize the importance of increased investment in aging-related research in an article for The Boston Globe. Coughlin and Yoquinto call for “ramping up age-related disease research across the board: not just in health care and robotics, but also in smart-home tech, user design, transportation, workplace technologies, education and training, and nutrition. R&D in these fields won’t just improve lives; it will also strengthen tomorrow’s economy.”
A new report by researchers from MIT’s Civic Data Design Lab, the Migration Policy Institute and the World Food Programme investigates the motivations and costs of migration from Central America, and finds that migrants spend $2.2 billion every year trying to reach the U.S., reports Catherine E. Shoichet for CNN. "That is an extreme amount of money," explains Prof. Sarah Williams. "That $2.2 billion is all paid for by the migrants themselves, so the risks, both in terms of debt and personal risk, is borne by the migrant."