Research on how people, markets, and policies shape the economy. Covers labor and gig work, consumer behavior, GDP and regional growth, gambling risk, and financial decision-making.
A study analyzing U.S. data from 1984-2017 found that grandparents' wealth is strongly positively correlated with their younger generation's asset components. However, Black individuals tend to be less invested in risky assets even after adjusting for intergenerational transfers.
Replacing coal with woody biomass in Georgia's power plants reduces carbon emissions by 43%, according to a new study. The most carbon-efficient way to generate electricity is using both pulpwood and logging residues, which could be supplied by harvesting trees from six southern states.
A study suggests that an automated unemployment insurance policy could provide more clarity to workers during economic stress. The policy would not cost more or less than existing packages, but would resolve uncertainty and potentially prevent household financial crises.
Researchers developed a novel computational method to control large complex networks using local information, addressing the challenge of controlling complex systems. The method considers computational time and information communication costs to produce optimal choices.
Research on Scotland's minimum unit pricing (MUP) policy found that it was associated with larger reductions in consumption among heavier drinkers, but not among women or those who tend to drink less heavily. Consumption actually increased among the heaviest drinking men following MUP introduction.
A Dartmouth study provides a scientific basis for climate liability claims between individual countries, linking national emissions to global economic losses and warming. The research estimates $6 trillion in cumulative losses attributable to the world's top emitters from 1990 to 2014.
Researchers examined precarity in employed adults and found that most fell into two categories: those doing well financially and those struggling. The study highlights the need for organizations to consider the long-term consequences of using precarious work arrangements, which can lead to a less healthy and less productive workforce.
Researchers found young adults living alone experienced negative mental and physical health impacts from job loss, while those with parents fared better. Fathers' job losses also led to worse outcomes for young adults living at home.
Employment for people with disabilities reached an all-time high in June 2022, increasing to 34.9% of the labor force, surpassing pre-pandemic levels. The employment-to-population ratio and labor force participation rate also rose significantly, reflecting the need for individuals and families to pick up extra income due to inflation.
A new study from the University of Washington found that sweetened beverage taxes redistribute dollars from higher- to lower-income households, providing a net economic benefit of $5.3 to $16.4 million per year to lower-income communities. The taxes also fund health programs and reduce consumption of unhealthy drinks.
A new study published in Behavior Genetics found that natural selection favors characteristics associated with lower earnings and poorer education, such as having more children. The research, led by UEA, analyzed data from over 300,000 people in the UK and suggests that this may be contributing to increasing income inequality.
A recent analysis found that Big Tech companies can provide innovative financial services to people excluded from traditional banking, improving financial inclusion. However, the authors caution that without proper education, these services may introduce risks to financial stability.
Birdwatchers spent nearly $378 million in Alaska in 2016, supporting around 4,300 jobs. The industry provides a sustainable boost to the economy and incentivizes habitat conservation.
New research by Professor Susan Harkness reveals that motherhood earning penalties have a significant impact on the economic wellbeing of single mothers. The study found that labour market penalties, cost of partner absence and child-related increases in financial needs combine to negatively affect single mothers' income.
A new study published in Applied Economics challenges the long-held 80-20 rule in F1, finding that car and team input accounts for 20% of success, while driver skill accounts for 15%. The interaction between driver and team is found to be the biggest factor, accounting for 30-40% of success.
A study finds that regulatory agencies are heavily influenced by industry money, leading to concerns about their independence. Experts call for structural changes and a watchdog agency to restore regulators' ability to make unbiased decisions.
Researchers evaluated 435 employed adults with mild traumatic brain injury over 12 months, finding a significant association between return to work and improved economic outcomes. The study suggests that employer assistance plays a crucial role in supporting workers' transitions back to the workforce.
According to the May COVID Update from National Trends in Disability Employment (nTIDE), unemployment declined for people with disabilities, while those without disabilities saw a slight increase. The data should be interpreted cautiously due to ongoing inflation concerns.
A new study found a significant increase in unprotected sex, drinking, smoking, and cannabis use among rejected minorities. Researchers discovered that social rejection is associated with a 9.1% rise in tobacco consumption and a 12.5% increase in cannabis use.
A study published in Implementation Science found that including local economic data in emails to legislators increases engagement, but only for Democrats. The research suggests tailoring communication by political party can also be effective.
A study from Tel Aviv University found that invasive marine species can survive in extreme conditions, including changing temperatures and salinity. The researchers' experiment demonstrated the importance of regulating trade routes to prevent the spread of invasive species, which can harm local environments and resident species.
A recent study by ICTA-UAB researchers found that the COVID-19 pandemic has led to a shift in public expectations, with many citizens becoming more pessimistic about future climate action. However, some respondents expressed positive views on the impact of COVID-19 on consumption habits and environmental awareness.
A study by CABI found that 64% of farmers are willing to pay for visits to Plantwise plant clinics to receive advice on crop pests and diseases. The average cost per visit is around $0.27USD, $0.85USD, and $2.225USD in Bangladesh, Rwanda, and Zambia respectively.
An international study found that caffeine impacts what shoppers buy and how much they spend when shopping. Caffeinated individuals purchased more non-essential items and spent more money compared to those who drank decaf or water.
A new analysis suggests that BP's reputation declined after the 2010 Deepwater Horizon accident, but its long-term stock market returns were not significantly affected. The study found no decline in the reputations or stock prices of other oil firms.
Research calls for new measures to create more sustainable development in China and the US to avoid economic recession and environmental degradation. The US is expected to become a leader in circular economy recovery.
A Rutgers study finds that race-neutral child-support programs disproportionately harm low-income, non-white families. Fathers with debt report poor health, depression, and material hardship, highlighting the need for more supportive policies.
A global study found that retail food prices for diverse food groups increased in tandem with COVID-19 case counts across the globe. The cost of groceries rose significantly above pre-pandemic levels, especially in countries with higher case counts.
Researchers at Potsdam Institute for Climate Impact Research found that climate policies can change people's preferences, leading to increased environmental protection and health benefits. This knowledge can inform the development of demand-side measures to curb carbon emissions and produce better climate policies.
Researchers found that discussing creativity and innovation negatively affects investors' confidence in a company's market performance. However, firms with leaders who discuss creativity positively tend to have higher earnings, suggesting the importance of tone in mitigating this effect.
A new modeling study found that reducing excess prevalence of low birthweight, preterm birth, or small-for-gestational-age birth in low- and middle-income countries could lead to substantial long-term human capital gains. The study estimates potential gains of 20.3 million school years and $68.8 billion in lifetime income per birth coh...
Researchers found that terminating Supplemental Security Income benefits at age 18 significantly increases criminal charges, with a 20% rise in income-generating crimes and a 60% increase in incarceration likelihood. The effect persists for more than two decades.
A study by WVU researcher Ednilson Bernardes found that supplier pool pressure contributed to the oversupply of prescription opioids like oxycodone and hydrocodone. The researchers analyzed transactions from 2006-2012, revealing that over 90% of supply came from just three generics manufacturers.
A recent study published by The BMJ found a significant widening gap in death rates between US counties that voted for Democratic and Republican candidates. Between 2001 and 2019, mortality rates decreased by 22% in Democratic counties but only 11% in Republican counties, with the gap increasing sixfold.
A new theory of decision-making proposes that people often use relative thinking when they should use absolutes, and vice-versa. This theory, developed by Mina Mahmoudi, aims to capture the behavior of boundedly rational decision-makers who struggle with optimal choices.
A new study provides a roadmap for the US to reach its 50% greenhouse gas emissions reduction target by 2030, with rapid decarbonization in power and transportation sectors crucial. The study, based on six leading energy models, suggests that tripling historic carbon reductions is achievable through collaboration across all sectors.
A study by the University of Texas at Austin found that countries with strong rule of law have less economic volatility and higher productivity. Weak rule of law leads to poor contract enforcement, causing employee morale to suffer, ultimately sparking churn and economic instability.
Researchers found that companies with Machiavellian CEOs have a net income savings of over 6.6% on firm costs, including lower acquisition premiums and debt financing costs. The study suggests that high Mach CEOs' cultural norms filter down to bargaining performance, contributing to the cost savings.
The employment-to-population ratio for working-age people with disabilities increased from 34% in April to 34.3% in May, up 0.9 percentage points. However, the labor force participation rate decreased from 37.5% in April to 37.2% in May, down 0.8 percentage points.
A recent study by Colorado State University economists and NOAA found that improved wind forecasts result in significant energy savings for consumers. The research shows a net gain of over $150 million in annual savings through better predictions of wind patterns.
Ingmar Weber's research focuses on societal computing, using computer science methods to understand and improve society. He collaborates with various stakeholders, including the UN, to develop solutions for humanitarian crises.
A new study reveals that girls' mental wellbeing increased by 28% during the pandemic compared to pre-pandemic years, while boys showed no significant change. Gender differences were observed among all income groups, with more pronounced effects in lower-income families.
A new study from the University of Illinois finds that wine tariffs imposed during trade disputes have substantial economic costs for producers and consumers. The study estimates that the U.S.-EU dispute cost $190 million in lost trade, while the China-Australia dispute cost $149 million annually.
New research by Nicola Limodio finds that terrorist attacks are sensitive to local funding availability, with more attacks occurring in cities with higher funding. Financial counter-terrorism can be effective in limiting the ability of terrorist organizations to access funds.
A study by the University of Washington found that Seattle's democracy voucher program increased donations by 53% per race and boosted small donations by 270%. The program also led to an 86% increase in candidates and a decline in incumbent electoral success.
A team of NTU Singapore economists compiled a detailed study of Albert Winsemius' influence on Singapore's early economic development, analyzing his affinity with Singapore and his contributions to the country's economic growth. The book examines his synergy with pioneering leaders like Lee Kuan Yew and Dr Goh Keng Swee.
Researchers at Iowa State University found that startups near state lines are more likely to set up shop in states with lower property taxes. The study, published in Small Business Economics, showed a significant distortion in tax rates between Iowa and its neighboring states, particularly South Dakota. Property taxes were found to hav...
A new study evaluates the Ontario eConsult service over two years, finding increased usage and reduced need for in-person visits. The research team analyzed 60,474 eConsult records, resulting in a median subspecialist response time of one day and a cost of $50 per case.
The number of unemployed people with disabilities remained relatively steady at 590,000, while labor force participation rate showed minimal movement. Unemployment for people without disabilities has shown a slow but steady decline over the past two years.
A novel contract proposed by UTD researchers could help alleviate key sources of conflict between restaurants and food-delivery platforms. The study found that standard contractual relationships have two key issues: simple revenue sharing and strain on restaurant operations.
Researchers used a supercomputer to simulate water supply in an inter-utility agreement, finding that cooperation can benefit both water supply and financial needs. The study found that more flexible agreements allow utilities to adapt to changing conditions, reducing financial risk.
Introducing CBDC with strictly positive interest can remove economic inefficiency associated with tax evasion, improving welfare. However, its impact depends on the size of government expenditure and severity of tax evasion.
A new study reveals that rating agencies' self-fulfilling rankings can lead to increased investment and policy changes. The research suggests that these agencies serve a useful coordinating function but also highlights the potential for misuse of power.
Researchers from Korea Maritime and Ocean University have developed a way to synthesize high-performance functionally graded materials with minimized defects. By controlling the mixing gradient of component materials, they improved mechanical properties and eliminated interfacial cracks.
The 27th North American Meeting will focus on technological challenges, breakthrough discoveries, and state-of-the-art research in catalysis. The meeting features plenary lectures by renowned experts in the field.
A new model developed by Iowa State University researchers could improve matches between students and schools, reducing stress and inefficiencies in the admissions process. The algorithm pairs most students with their top choice schools, while also considering factors such as competition for seats and financial constraints.
Researchers found that people living with SCD have more medical appointments and urgent care visits, leading to higher out-of-pocket costs of $1,300 annually. The study suggests that curative therapies could reduce these costs, but accessing them will depend on conversations among policymakers, insurers, and patients.
A new study by Johns Hopkins Bloomberg School of Public Health found that federal subsidies offset losses for hospitals during the COVID-19 pandemic. The research revealed that hospitals serving socioeconomically disadvantaged patients and those with higher uninsured patient populations were particularly affected by financial losses.
A new study finds that workplaces with a larger share of men experience higher rates of sexual harassment, leading to women leaving for jobs with lower wages. Women are nearly six times more likely than men to be victims of harassment in male-dominated workplaces.
Researchers at CSH create the first complete representation of Hungary's economy, mapping production networks and supply relationships. They find that only a few firms pose a substantial risk to the overall economy, with nearly 75% of systemic risk concentrated on just 100 high-risk companies.