Articles tagged with Money
Research by University of East Anglia and University of Texas found that stricter data privacy laws significantly reduced breaches, but negatively affected firms' market value. Companies compliant with GDPR invested more in data protection and were less likely to experience data breaches.
A study found that drivers who received weekly feedback on their phone use and a cash incentive of up to $50 used their phones less than those given no incentive or feedback. The intervention also led to a 21% decrease in handheld phone usage when drivers were told they would lose money if they engaged in phone use while driving.
Research by economists at University of East Anglia and others found links between finance ministers and executives at biggest credit ratings agencies associated with higher ratings for countries without these connections, highlighting a conflict-of-interest problem in the credit ratings agency business model.
A new study finds that single-payer financing based on the current federal income tax schedule can increase progressivity of household payments. Rate setting led to slight increases in payments for higher-income households, while spending growth targets reduced payments slightly across all income groups.
A new study by Queen Mary University of London found that players with greater financial involvement in Fantasy Football report more mental health concerns. Players who spent more time comparing their teams and checking performance reported higher levels of anxiety and stress.
Research by Cornell University reveals that financial stress plays a significant role in hindering communication between partners about finances. Couples who view financial conflicts as solvable are more willing to initiate conversations about money, fostering healthier communication patterns.
Researchers suggest charging carbon emitters with an emission tax could help fund basic income programs while reducing environmental degradation. Implementing basic income could boost global GDP by 130% and generate $7 in economic impacts for every dollar spent.
A new study from the University of Notre Dame shows that repeated trips to the grocery store can be a reliable indicator of creditworthiness. The research found that buying healthier groceries and consistent shopping habits are linked to on-time credit card payments.
A study published in PLOS Biology found that stressed participants were more likely to help the victim than punish the perpetrator in a simulated third-party intervention task. The researchers observed higher brain activation in regions linked to decision-making and mentalizing when stressed participants chose to help.
A survey conducted by Binghamton University found that 53% of Americans give impulsively to charities at checkout, with women, Black respondents, and middle-class individuals under 50 being top-giving demographics. The total raised from checkout campaigns has increased yearly since 2012, but the frequency of donation requests may lead ...
Research warns that law fails victims of financial abuse, with no effective mechanisms to compel lenders to transfer debt. The study recommends greater responsibility for coerced debt and restoration of credit records following the end of an abusive relationship.
A new study from China found that higher GDP per capita and lower income inequality are associated with increased subjective well-being. However, when income inequality becomes too high, the link between economy and mental health disappears. The researchers advocate for a balanced approach to economic planning.
A team of researchers analyzed 49 silver coins from the Fitzwilliam Museum and found a chemical and isotopic signature matching third- to seventh-century silver from the Byzantine Empire. The study reveals a surge in trade involving these silver coins between 660 and 750 AD, which had a significant impact on people's lives. Later analy...
University of Missouri researcher Kelli Canada is using a $2.8 million grant to transform prison conditions in four Missouri prisons. Her multi-pronged mission includes staff training, physical space changes, skill building for residents, and community connections.
The study found that while cigarettes maintained market share, their popularity decreased, allowing for a more diverse marketplace at various price points. Modern oral nicotine products, such as nicotine pouches, emerged as the fastest-growing and most price-stable options.
A proposed reporting system could help prevent future bank crises by providing regulators with detailed disclosure of both good and bad news. The system would shield less risky banks from runs while spotlighting the riskiest ones, protecting them from panic-driven withdrawals.
In a setup resembling a trust game, participants exchanged large amounts with anonymous members of their own community but little with members of other communities. The researchers found that repeated interactions alone cannot explain the evolution of human cooperation and that group competition also weakens overall cooperation.
A new study finds that older adults rely heavily on initial impressions of trustworthiness when making decisions, which can lead to overlooking bad behavior and falling victim to scams. Researchers recommend focusing on a person's actions rather than first impressions to avoid deception.
A new study found that digital collateral programs lead to positive selection, increased loan repayment, and profitability. Securing loans with digital collateral also increased school enrollment and attendance in developing countries.
A recent study by ICTA-UAB found that many societies with very low monetary income have remarkably high levels of life satisfaction, comparable to those in wealthy countries. The average life satisfaction score across the studied small-scale societies was 6.8 on a scale of 0-10.
A recent study of 35,000 adults aged 50+ found significant inequities in survival rates associated with wealth inequality in the US. Wealth redistribution policies have been proposed as a solution to reduce these disparities and increase population longevity.
A study of 8,000 participants found that negative wealth shock was associated with accelerated cognitive decline and elevated risks of dementia among middle-aged and older U.S. adults. The findings suggest a potential link between financial hardship and cognitive aging.
A new study from Bayes Business School found that CEOs' surnames can significantly impact their total compensation by up to 4.9%. The research highlights organizational bias and inefficient contracting decisions based on surname attributes, which can affect talent recognition and rewards.
Research reveals fake Australian IDs are widely sold on dark web marketplaces, used by crime rings and terrorists for various illicit activities. The study aims to inform law enforcement and security organisations in targeting specific types of fraud.
A recent study led by UNC Greensboro researcher Mathieu Despard found that one-third of frontline healthcare workers experienced food insecurity, with even those earning over $75k facing housing hardship. The study highlights the importance of benefits in mitigating financial insecurity among healthcare workers.
A study by University of Nebraska-Lincoln researchers found that crowdfunding platforms create a sense of democracy, but backers often come from similar groups and give to projects they find cool. This limits the democratizing potential of crowdfunding.
Researchers found that companies declaring bankruptcy must navigate complex buyer-supplier relationships to emerge from bankruptcy. High rates of accommodative acts, indicating cooperation, improve bankruptcy survival, while exploitative acts have the opposite effect.
Research by Dr Clive Boddy of Anglia Ruskin University reveals warning signs for corporate psychopaths in finance and politics. These include superficial charm, lack of remorse, and ruthless self-serving behavior.
The study reveals that while CTFs showed small increases in saved sums, many accounts remained untouched and parents had forgotten or lost track of them. The research calls for revisiting the principles behind the programme to improve UK's financial resilience.
Researchers found that regulations aimed at improving financial reporting requirements may have led to decreases in corporate spending on innovation, capital improvements, and mergers and acquisitions. Companies were reluctant to report uncertainty regarding their tax burden in public-facing financial statements, leading to a decline i...
A new study finds a strong association between financial insecurity and support for radical politicians in Europe. Researchers analyzed survey data from 10 countries and found that individuals experiencing precarity were more likely to hold a populist worldview and vote for populist parties.
A study published by the American Psychological Association finds that people experiencing financial scarcity make decisions based on their immediate needs, prioritizing short-term gains only when scarcity threatens their most pressing requirements. Researchers examined how participants' choices changed depending on the timeline of the...
A new study from Boston Medical Center found that injectable extended-release buprenorphine is limited by cost and treatment retention, while oral buprenorphine may be a more cost-effective option. The opioid overdose crisis requires a broad range of effective treatments, including injectable formulations.
Marketing ideation crowdsourcing contests can send positive signals to facilitate returns, but also elevate idiosyncratic risk. Firms that design profitable contests by targeting professionals, using crowd voting, and specifying task scope tend to see stronger stock price increases.
A multi-state analysis of US county-level data found that minor court debt can lead to jail admissions in Texas, Wisconsin, and Oklahoma. The study suggests a pressing issue with modern-day debt imprisonment.
Research reveals Chinese families' strong son preference can lead to daughters' emotional and financial exploitation, causing severe mental health consequences. Daughters are socialized from birth to prioritize their family's needs over their own, resulting in feelings of debt and low self-esteem.
Brands leveraging quality reputation to pay employees less erode profits due to negative effects on productivity and retention. Unique brands, which tend to pay more, have a positive impact on profits. Managers should consider brand differentiation in pay benchmarking.
A team of researchers at the University of Notre Dame analyzed nearly 600 colonial notes to understand Franklin's innovative techniques for making paper money. They found distinctive security features, including pigments and materials like muscovite that made his bills harder to counterfeit.
The study found that COVID-19-era policy improvements in adult overall health and household nutrition resulted from the 2021 Child Tax Credit monthly payments. Cash transfers may effectively address adult health issues and enhance food security
Research by West Virginia University professor Sean Tu found that orphan drugs earn pharmaceutical companies almost as much as those marketed to the general public. The Orphan Drug Act incentivizes companies with tax credits, longer patent exclusivity, and easier FDA review for treating rare diseases.
A UK study of 3,745 families reveals significant inequalities in young people's financial capabilities depending on socio-economic background. The research highlights the need to develop financial skills in disadvantaged children as early as primary school.
Research from the University of Georgia found that moving in together is not enough to guarantee joint accounts, with factors like net worth, household growth, and income level playing a significant role. Couples who agree on spending and have open conversations about money are more likely to pool their finances.
A new study from the University of Missouri found that government guarantees decrease the frequency of 'income smoothing' in financial reports. This practice, where banks delay reporting high income to smooth out volatility, is a form of manipulation that can impact market stability and investor confidence.
Online radiologists choose studies based on financial attractiveness, leading to delays in high-priority cases. This study found that expedited priority class contained the highest percentage of delayed studies.
A new study by researchers at SUNY Albany found that the NY bail reform law had no significant impact on increases in murder, larceny, and motor vehicle theft rates. The study controlled for the COVID-19 pandemic's effect on crime rates, concluding that the law did not contribute to a rise in crimes.
Researchers found that many cryptocurrencies take months or years to fix severe security vulnerabilities, with some taking over three years. Bitcoin fixed a vulnerability in just seven days, while others like Litecoin and Dogecoin took 114 days and 185 days respectively.
Research from Indiana University suggests that married couples who merge their finances are happier and fight less over money. The study found a causal relationship between joint bank accounts and improved relationship quality, including higher levels of communality within the marriage.
A study found that people offer bribes above average to officials from countries with a reputation for corruption. Citizens tend to over- or underestimate the acceptance rates of officials from different countries. Overcoming biases about certain nations could help fight corruption globally.
A new study reveals that Indigenous groups in the western US are struggling to turn their legal right to water into actual water use, despite having settled their water-rights claims. The findings show that tribes are likely using only a fraction of their entitled water rights, resulting in significant revenue losses.
Researchers find that fact-based appeals are more effective when the goal is near completion, while affect-based appeals match people's feelings-oriented psychological state and are better suited for shorter-term goals. The study advances understanding of persuasive messages in collective goals and provides key insights for marketers.
Researchers found that deposit insurance motivates people to keep deposits immediately below the insured threshold, leading to 'bunching' behavior. An increase in insured deposits also causes savers to change their asset allocation and increase their deposits.
A new study by Dartmouth College researchers finds that sanctions on wealth managers would be more effective than asset seizure in crippling Russia's oligarchs. The research uses network science to map the connections between wealthy individuals and their financial experts, revealing a vulnerable network that can be disrupted with targ...
A study by Columbia University researchers found that individuals who saved money had goals that matched their dominant personality traits. People whose self-reported savings goals were a good fit for their personality traits had a bigger nest egg, on average.
Researchers found that giving donors control over charitable project allocation increases donations and loyalty. Donors who value agency are more likely to be loyal, active, and generous, increasing fundraising effectiveness.
The Kimchi premium, a gap between crypto prices in South Korea and the USA, leads to increased overseas remittances to China. A study found that for every 1% increase in the premium, there's a 7.6% rise in remittance value and a 5.8% increase in quantity.
Patent thickets and evergreening strategies hinder generic competition, leading to higher brand name drug prices. Generic entry can drop prices by 90%, affecting patient welfare. Patent expert Sean Tu advocates for a balanced patent system that promotes innovation while preventing monopolies.
A new study found that IRS audits can lead to a significant decrease in the survival rate of small businesses, with non-compliant companies being 2.7-12.6 percentage points less likely to survive. However, compliant businesses may experience operational costs but also benefits from improved tax efficiency and increased investment.
A 10-year study found that aggressive law enforcement tactics can actually increase trade-based money laundering (TBML) in the EU, with up to 11% of all trade involving 'dirty' money
A new study found that suicidal ideation increased by nearly five times during the pandemic, particularly among people living in low-income households and those struggling with loneliness. The study highlights the need for policies and programs providing financial and social support to vulnerable populations.
A new AI tool helps governments decide whether to bail out a bank by predicting if the intervention will save money for taxpayers. The algorithm assesses financial implications and suggests optimal bailout strategies.