Steven J. Davis

Senior Fellow

Steven Davis is a senior fellow at the Hoover Institution and William H. Abbott Distinguished Service Professor of International Business and Economics at the University of Chicago Booth School of Business.  

He is a research associate of the National Bureau of Economic Research, an economic adviser to the U.S. Congressional Budget Office, visiting scholar at the Federal Reserve Bank of Atlanta, elected fellow of the Society of Labor Economics, member of the CNE Growth Commission for Puerto Rico, senior adviser to the Brookings Papers on Economic Activity, and senior academic fellow of the Asian Bureau of Finance and Economic Research (ABFER). He also serves on the ABFER executive committee.

Past positions include Deputy Dean of the Faculty at Chicago Booth from 2012 to 2015, member of the governing committee of the Becker Friedman Institute at the University of Chicago from 2012 to 2015, and editor and founding co-editor of the American Economic Journal: Macroeconomics from 2006 to 2011.

Davis studies business dynamics, labor markets, economic fluctuations and public policy.

He is known for his influential work using longitudinal data on firms and establishments to explore job creation and destruction dynamics and their relationship to economic performance. He is a creator of the Economic Policy Uncertainty Indices and the DHI Hiring Indicators. He co-organizes the Asian Monetary Policy Forum, held annually in Singapore. In 2013, he received the Addington Prize in Measurement for his research on “Measuring Economic Policy Uncertainty.” 

In addition to his scholarly work, Davis has written for the Atlantic, Bloomberg View, Chicago Tribune, Financial Times, Forbes, Los Angeles Times, and the Wall Street Journal and appeared on Bloomberg TV, Channel News Asia, CNBC, CNN, Fox News, NBC Network News and the U.S. Public Broadcasting System.

Davis was a national fellow at the Hoover Institution in 1988-89 and has held visiting faculty appointments at the Massachusetts Institute of Technology, the University of Maryland at College Park and the National University of Singapore. He received his undergraduate degree in economics from Portland State University and his masters and PhD degrees in economics from Brown University.


Awards and Honors:

Addington Prize in Measurement (2013)
Society of Labor Economics, Elected Fellow (2015)

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Recent Commentary


Steven Davis: WFH… Forever?

interview with Steven J. Davisvia The Pie Economics Podcast
Wednesday, April 7, 2021

Hoover Institution fellow Steven Davis explores how working from home and time away from the office will change life — for workers, employers, and our cities. 

Analysis and Commentary

WFH Is Onstage And Here To Stay

by David Altig, Jose Maria Barrero, Nick Bloom, Steven J. Davis, Brent Meyer, Emil Mihaylov, Nick Parkervia Federal Reserve Bank of Atlanta
Wednesday, February 24, 2021

Chances are you recognize the relatively new acronym WFH as "working from home." In less than a year, WFH has become a ubiquitous, inescapable facet of life for many people, so much so that newswires now ask which cities are best for WFHOff-site link, and online job boards compile listsOff-site link of companies that allow remote work on a full-time, permanent basis.

Analysis and Commentary

What To Expect In The Wake Of The 2020 U.S. Elections

by Steven J. Davisvia Steven J. Davis
Sunday, February 7, 2021

The 2020 U.S. elections produced a close, but clear, victory for Democratic nominee Joe Biden in the presidential contest, a surprisingly slim majority for the Democratic party in the House of Representatives, and an even 50-50 split between Republicans and Democrats in the Senate.1 Newly elected Democratic Vice President Kamala Harris holds the deciding vote for party control in the Senate. 

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Steven J. Davis -- “Some Economic Implications Of COVID-Related Shocks”

interview with Steven J. Davisvia The Better Policy Project
Tuesday, January 19, 2021

Hoover Institution fellow Steven Davis talks about some of the economic implications of COVID-19.

Analysis and Commentary

COVID-19 Is A Persistent Reallocation Shock

by Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyervia Becker Friedman Institute for Economics at the University of Chicago
Tuesday, January 19, 2021

Recent data from the firm-level Survey of Business Uncertainty reveal three pieces of evidence that COVID-19 is a persistent reallocation shock.

COVID-19 Shifted Patent Applications toward Technologies that Support Working from Home

by Nicholas Bloom, Steven J. Davis, Zulia Zhestkovavia Economics Working Papers
Friday, January 8, 2021

Economics Working Paper 21102

COVID-19 Is a Persistent Reallocation Shock

by Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyervia Economics Working Papers
Saturday, January 2, 2021

Economics Working Paper 21101

Analysis and Commentary

Polarised Elections Raise Economic Uncertainty

by Scott R. Baker, Aniket Baksy, Nicholas Bloom, Steven J. Davis, Jonathan Roddenvia (Centre for Economic Policy Research)
Tuesday, December 22, 2020

Elections can cause economic uncertainty, especially when elections take place in a politically polarised context. This column studies how national election cycles in 23 countries influence economic policy uncertainty, as measured by the share of newspaper articles that discusses uncertainty and economic policy. Economic policy uncertainty clearly rises in the months leading up to national elections. 


Steven Davis: How Has The Pandemic Changed The Labor Market?

interview with Steven J. Davisvia Chicago Booth Review
Thursday, December 17, 2020

Hoover Institution fellow Steven Davis discusses the impact of COVID-19, and the policies created to counter it, on the US work force.

Analysis and Commentary

Business-Level Expectations And Uncertainty

by Nicholas Bloom, Steven J. Davis, William H. Abbott, Lucia Foster, Brian Lucking, Scott Ohlmachervia Becker Friedman Institute for Economics at the University of Chicago
Wednesday, December 16, 2020

Survey data reveal that subjective expectations of US manufacturers are highly predictive of actual outcomes and, in fact, are more predictive than statistical models fit to historical data.