American Lives | Economics, Applied | Steven Davis, Stelios Michalopoulos | Hoover Institution

In the 1930s, as part of the New Deal, the U.S. government hired unemployed writers to interview older Americans and record their life stories. Today’s guest examines those stories to investigate the sources of meaning, happiness, and hardship in the lives of everyday Americans. One theme to emerge is the central role of work as a source of meaning for many people. Another key theme is that men and women differ in how they find meaning in their lives and in the sources of hardship. Join Steve as he speaks with Brown University Professor Stelios Michalopoulos.

Recorded on February 27, 2025.

ABOUT THE SPEAKERS:

Stelios Michalopoulos is the Eastman Professor of Political Economy in the Department of Economics at Brown University. An imaginative scholar, he works at the intersection of political economy and culture. He has conducted research on folklore, movies, the origins of ethnic diversity, the effects of colonial and pre-colonial institutions on economic development in Africa, and much more. He serves on the editorial boards of the World Bank Economic Review, Journal of Economic Growth, Journal of Comparative Economics, and Journal of the European Economic Association.

Steven Davis is the Thomas W. and Susan B. Ford Senior Fellow and Director of Research at the Hoover Institution, and Senior Fellow at the Stanford Institute for Economic Policy Research (SIEPR). He is a research associate of the NBER, IZA research fellow, elected fellow of the Society of Labor Economists, and consultant to the Federal Reserve Bank of Atlanta. He co-founded the Economic Policy Uncertainty project, the U.S. Survey of Working Arrangements and Attitudes, the Global Survey of Working Arrangements, the Survey of Business Uncertainty, and the Stock Market Jumps project. He also co-organizes the Asian Monetary Policy Forum, held annually in Singapore. Before joining Hoover, Davis was on the faculty at the University of Chicago Booth School of Business, serving as both distinguished service professor and deputy dean of the faculty.