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1 week ago | 
anderson-review.ucla.edu | Carla Fried
For nearly 50 years the federal government has used a regulatory carrot-and-stick to push traditional banks to do more lending in economically disadvantaged areas. The Community Reinvestment Act mandates periodic reviews of banks under federal regulation to check if they are abiding by the program’s guidelines for extending credit in low- and moderate-income neighborhoods where access to mortgages and small business loans has been historically subpar.
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2 weeks ago | 
anderson-review.ucla.edu | Carla Fried
At many large companies, making one’s way to upper management requires first qualifying for the pool of employees deemed high potential, then standing out among even that elite group. One of the key attributes corporate America looks for to winnow its high-potential pool is an employee’s passion for the work. Yet assessing passion is an inherently subjective process, which exposes it to potential misapplication. In a paper published in Organization Science, UCLA Anderson’s Joyce C.
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3 weeks ago | 
anderson-review.ucla.edu | Carla Fried
An unofficial rite of passage for scientific research occurs when emerging ideas and theories fleshed out in small scale experiments are put to the test in a larger setting. UCLA Anderson’s Hal E. Hershfield and co-authors published the results of such an opportunity to go large in the study of our relationship to our future self.
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1 month ago | 
anderson-review.ucla.edu | Carla Fried
In country after country around the world, fertility rates are falling rapidly. The aging of the population and the dearth of young people is likely to imply slower migration flows in the decades to come.
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1 month ago | 
anderson-review.ucla.edu | Carla Fried
While formal British colonial rule in India officially ended in 1947, UCLA Anderson’s Shohini Kundu and Washington University at St. Louis’ Nishant Vats suggest the economic exploitation by the British is not merely a fact of history, but a still-active driver of inequality. In a working paper, the researchers leverage a real-world A/B testing environment of sorts.
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2 months ago | 
anderson-review.ucla.edu | Carla Fried
It will take months for Southern California officials to total up the losses from two major fires that hit areas around Altadena and Pacific Palisades. Early estimates indicate in excess of $250 billion in wildfire losses, at least 28 people have died and over 16,000 homes and other structures destroyed, with 200,000 residents under evacuation orders at one point.
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Jan 22, 2025 | 
anderson-review.ucla.edu | Carla Fried
The typical American household doesn’t have to think much about the safety of money sitting at their bank or credit union. Federal deposit insurance automatically provides customers a generous $250,000 of protection per bank if anything goes wrong.
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Jan 15, 2025 | 
anderson-review.ucla.edu | Carla Fried
Centralized regimes and countries looking to transition away from authoritarianism would seem to have diametrically different governing approaches, but they share a desire, or need, to get buy-in from their citizenry. Over the past four decades, a common strategy deployed globally has been to empower citizens, unschooled in the ways of civic engagement, with a say in local government spending.
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Nov 19, 2024 | 
chicagobooth.edu | Carla Fried
Consumer demand is a driving force of economic growth, accounting for about two-thirds of the US economy. So when policymakers want to determine how a particular fiscal or monetary policy will land, they try to anticipate how consumers will react. For example, how will lowering interest rates affect shopping and borrowing, and in turn inflation? Central bankers do their best to come up with answers to such questions, with results that can be far from perfect.
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Nov 13, 2024 | 
anderson-review.ucla.edu | Carla Fried
The sustained rise in the federal funds interest rate that began in 2022 to combat inflation has delivered a fresh playing field for researchers. For nearly 15 years, consumers had little incentive to shop around for the highest yielding savings rates, as the Federal Reserve’s zero interest rate policy effectively meant your choices were to earn nothing, or 25 basis points more than nothing.
