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Eric Zwick

Joel F. Gemunder Professor of Economics and Finance, Booth School of Business, University Of Chicago

Verified interview transcripts, podcast appearances, and direct quotes from Eric Zwick, Joel F. Gemunder Professor of Economics and Finance, Booth School of Business at University Of Chicago. AI-verified speaker identity with full-text searchable transcripts.

Recent appearances

  • The “Everywhere Millionaire”: A Book Event with Owen Zidar and Eric Zwick

    “Who are the rich in America?” Princeton University’s Owen Zidar and the University of Chicago’s Eric Zwick set out to answer this question in their new book, The Everywhere Millionaire: Who Is Really Rich in America and How They Got There. Meticulously combing through data and real-life stories, they dispel misguided notions about America’s wealthy. Wall Street tycoons and Silicon Valley tech moguls are only a sliver of America’s rich. Many millionaires are small-business owners and entrepreneurs in cities and towns across America. Please join AEI’s Stan Veuger and The Wall Street Journal’s…

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  • America's Hidden Millionaires: Eric Zwick on Wealth Beyond Wall Street

    Economist Eric Zwick joins The Motley Fool's Rachel Warren to explain how owners of ordinary private businesses build extraordinary wealth outside Silicon Valley and Wall Street. Drawing on research behind The Everywhere Millionaire, he explores the economics of auto dealerships, beer distributors, medical practices, and other overlooked businesses. He also shares what public-market investors can learn about competition, leadership, capital allocation, and economic resilience from these owners. Topics covered: • Who America's "stealthy wealthy" are and why their businesses escape the spotligh…

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  • There's a Mind-Boggling Number of Rich People in America | Odd Lots

    In 2014, the economists Owen Zidar and Eric Zwick were asked by the Treasury to conduct a study on the tax burden of private business owners. It was tricky to figure out how much these sorts of business owners — auto dealers, contractors, the like — actually owed in taxes: After Reagan's 1986 tax reforms, pass-through businesses and other accounting tricks became widespread enough to obscure this class of wealthy Americans hiding in plain sight. The research they conducted led to their new book The Everywhere Millionaire: Who Is Really Rich in America and How They Got There, and one of their c…

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  • Your Car Dealer Has More Power Than Elon Musk? - ft. Eric Zwick | Capitalisn't

    For every member of the Forbes 400, there are more than 4,000 private business owners worth at least $10 million. You probably have never heard of any of them. They own the beer distributorship in your town, the dental group with four offices, the HVAC trucks that passed your house this morning. A decade inside anonymized IRS data turned up three million of them, and the version of that story running in many outlets this month is the hopeful one: fortunes still being built in unglamorous industries, far from the coasts, by people with no degree and no connections. The American Dream, alive an…

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  • Owen Zidar and Eric Zwick: The Everywhere Millionaire: Who Is Really Rich in America

    Join me on Substack! Look up my name. Today I'm joined by two economists who spent a decade inside a room most of us will never see — the basement of the U.S. Treasury Department — building the first database that ever linked confidential tax records to the individual owners of America's private businesses. Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: https://fiscal.ai/talkingbillions/ Owen Zidar teaches at Pr…

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  • 2015, 30th Annual Conference on Tax Policy and the Economy, Eric Zwick and James Poterba

    30th Annual Conference on Tax Policy and the Economy Eric Zwick, University of Chicago and NBER James Poterba, Massachusetts Institute of Technology and NBER September 24, 2015

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  • Eric Zwick: "Top Wealth in America: New Estimates and Implications for Taxing the Rich"

    Eric Zwick presents "Top Wealth in America: New Estimates and Implications for Taxing the Rich" with Matthew Smith and Owen Zidar in the Virtual Finance Workshop. Introduction and discussion by Emmanuel Saez. The Virtual Finance Workshop: http://www.virtualfinance.org Paper: http://www.ericzwick.com/wealth/wealt...

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  • Economic Effects of COVID-19 Workshop | Minnis, Zwick & Zingales

    The Stigler Center has developed the Economic Effects of COVID-19 Workshop series of webinars to explore and disseminate the latest research on the economic implications of COVID-19. Upcoming speakers include (May 28): Michael Minnis (Chicago Booth): "Assessing the Payroll Protection Program: A Framework and Preliminary Results" (joint with John Barrios, William Minnis, and Joost Sijthoff) Eric Zwick (Chicago Booth): “Did the Paycheck Protection Program Hit the Target?” (joint with Joao Granja, Christos Makridis, and Constantine Yannelis)

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  • Dr. Eric Zwick Testimony Before the Joint Economic Committee, October 16, 2019

    Dr. Eric Zwick, Associate Professor of Finance and Fama Fellow, University of Chicago Booth School of Business, offers testimony during the JEC hearing “Measuring Economic Inequality in the United States” on October 16, 2019. Learn more about the important work of the JEC and The Social Capital Project here: https://www.jec.senate.gov/public/ind...

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  • Eric Zwick "Capitalists in the Twenty-First Century: Taxes and Inequality"

    Eric Zwick, from the University of Chicago Booth School of Business, describes his research on how income inequality has evolved in recent years. Thomas Piketty has argued that the idle rich are replacing the working rich at the top of the income distribution. Professor Zwick evaluates this hypothesis and examines the role that tax reform has played in changing the way that income is reported and earned. Eric spoke to us on October 21, 2018

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  • Eric Zwick: How to create middle-class jobs

    review.chicagobooth.edu | How can we create middle-class jobs? Chicago Booth's Eric Zwick explains how a major investment in infrastructure could generate non-tradable jobs and opportunities for greater productivity.

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  • Can an interest-free home loan boost the economy?

    review.chicagobooth.edu | As a generator of GDP, the US's First-Time Homebuyer Credit was ineffective—but does that make it bad policy? Chicago Booth’s Eric Zwick explains how the program helped fight the "foreclosure externality" and stabilize housing prices in some areas.

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