Policy and Political Economy
What it is and why it is important
Policy and political economy research investigates how political and economic systems influence the distribution of wealth, resources, and power within societies.
By examining the effects of policies on different population groups and economic sectors, our research helps identify and address economic inequalities, fostering a fairer distribution of resources.
Key research topics in this field include:
- The design, implementation, and impact of public policies on economic and social outcomes.
- The interplay between political institutions, economic structures, and social equity.
- The role of governance and political processes in shaping economic policies and development.
It is foundational to any conception of a just society that everyone has some set of opportunities that are not unduly constrained by the facts of their birth.
Steven Durlauf
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The Inequality Podcast
We bring research on inequality to life through dynamic conversations with experts in the field.
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Episode #34: Cristobal Young on ‘The Myth’ of Millionaire Tax Flight
Featured Episode In Policy and Political Economy
July 21, 2025
GuestsCristobal Young
Even in high-tax states, most millionaires stay put. Cristobal Young joins Steven Durlauf and Geoff Wodtke to explain why the wealthy remain rooted, and what tax return and census data reveal about mobility, local ties, and the myth of tax flight.