The Pie: An Economics Podcast

A warmer world is here. Now what? Listen to Shocked, from the University of Chicago’s Institute for Climate and Sustainable Growth, and hear journalist Amy Harder and economist Michael Greenstone share new ways of thinking about climate change and cutting-edge solutions: https://lnk.to/shockedpodcastFD!thepie

The secret to winning in a rigged economy isn't changing the rules, argues Redfin Chief Economist Daryl Fairweather, but mastering the game. In this episode, Fairweather, the first Black woman to earn a PhD from UChicago's Economics Department, reveals economic "cheat codes" for navigating the modern workplace, from decoding performance reviews to discovering your true market value.

When couples move for work, whose career takes the hit? UChicago economist Matt Notowidigdo discusses research showing that when heterosexual couples relocate, men's incomes increase by 10-15% while women's earnings barely budge, generating earnings gaps that last for years. Plus, couples are more likely to move when the man loses the job compared to the woman.

When couples move for work, whose career takes the hit? UChicago economist Matt Notowidigdo discusses research showing that when heterosexual couples relocate, men's incomes increase by 10-15% while women's earnings barely budge, generating earnings gaps that last for years. Plus, couples are more likely to move when the man loses the job compared to the woman.

Nobel laureate James Heckman explains why ages zero to five are critical for brain development and lifelong outcomes. He discusses the Perry Preschool Program's surprising health benefits 35 years later, why low-cost home-visiting programs that engage parents outperform expensive institutional interventions, and how "dynamic complementarity" means early skills beget later skills. Heckman also critiques economics' "credibility revolution," arguing the field has traded big-picture understanding for narrow "clean" answers—illustrated by his recent Wall Street Journal op-ed showing that contrary to popular belief, the China trade shock created net job gains for the US. 

What happened to contraceptive choices when the Supreme Court's Dobbs decision reversed Roe v. Wade in 2022? UChicago's Yana Gallen uses health insurance claims from millions of Americans to examine the ripple effects and reveal surprising patterns.

Can a day of self-reflection improve workplace performance? UChicago economist Virginia Minni reveals findings from a randomized trial involving nearly 3,000 employees who participated in a "Discover Your Purpose" workshop. Minni explains how bottom-up meaning-making creates lasting change, and why helping employees connect their personal purpose to their daily work benefits both human fulfillment and business results. 

America was once a nation in constant motion: One in three Americans moved every year in the 19th century, chasing opportunity from one town to the next. But that mobility has collapsed, falling by more than half since 1970. In this episode, University of Chicago economist Peter Ganong and Atlantic deputy executive editor Yoni Appelbaum explore how housing regulations have created a two-tier system where only high earners can afford to move to opportunity-rich cities.

View the related interactive Research Brief by The BFI Data Studio.

Historically, one major reason has consistently been cited for the growth in housing costs in this country: the rising cost of building homes. But that relationship is changing. In this episode, University of Chicago economist Chad Syverson breaks down 75 years of data to reveal a surprising truth—construction costs and housing prices have become "completely decoupled." From the post-WWII boom to today's record-breaking market, Syverson explains why building materials and labor costs can no longer explain skyrocketing home prices, and what factors are really driving the housing affordability crisis.

Economists often focus on wages when studying the labor market, but paychecks tell only part of the story. University of Chicago economist Evan Rose and his co-authors surveyed 20,000 Danish workers to put a dollar value on the intangible perks of a job, things like flexible hours, workplace culture, and stress levels. Rose discusses how these “hidden benefits” shape labor markets, why economists need better data on job quality, and what this all means for workers, firms, and policymakers.