Articles tagged with Money
A new study reveals that African-Americans experience racial stigma and stereotypes when shopping, with 80% reporting encountering racial bias. To navigate this landscape, many shoppers downplay their race or avoid certain stores altogether.
A recent international study conducted by researchers from the University of the Basque Country and other institutions found that people are more likely to trust those who share their political ideas than those with differing opinions. In contrast, partisan discrimination was found to be a significant problem in many countries.
A new study by University of Illinois expert Ravi Mehta found that monetary rewards enhance creative performance, while social-recognition rewards have a negative impact. This research has practical applications for companies looking to boost creativity in their employees and for individuals seeking motivation to think outside the box.
A University of Kansas researcher finds that charter school enrollment in Pennsylvania led to a 9.5% decrease in property tax revenue for public schools between 2005 and 2012. The study suggests that policymakers may not fully understand the financial impact of charter schools on traditional public education.
A new study from UT Dallas found that the loss of trust in investment advisory services after the Madoff scandal led to changes in investors' behavior, with $363 billion pulled from advisors and many firms closing. The researchers also identified the spread of distrust through social networks and local media.
Expanded Medicaid eligibility under ACA results in cost savings for federal government by reducing reliance on Supplemental Security Income program. Participation in SSI has dropped by about 3% in states with expanded Medicaid, generating savings at federal and state levels.
A new study reveals that brand awareness is not a key factor in purchasing snacks among children, but their experience with money plays a significant role. Higher prices for unhealthy snacks may motivate children who have handled money to choose healthier options.
Researchers explored the impact of money primes on self-sufficient thinking and behavior across three experiments involving diverse participant groups. The results show weak and inconsistent effects of money primes on various measures of self-sufficiency.
Among well-educated mothers, those who pursued their desired lifestyle experienced overall positive adjustment, while those who were 'misaligned' faced considerable distress and unhappiness. Feeling emotionally supported, unconditional acceptance, and satisfying friendships are key to promoting life satisfaction and mitigating loneliness.
A University of Waterloo study found that firms move income from profitable high-tax subsidiaries to unprofitable ones to save on taxes. This tax planning strategy is not currently targeted by governments, which focus on preventing companies from moving money offshore.
A Cedars-Sinai study found that quality improvement programs can significantly reduce hospital readmissions for heart failure patients and older adults with diverse health issues. However, the study's findings also showed that these interventions may not always result in net savings for healthcare systems.
RTI's study finds TROSA, a therapeutic community program, saves North Carolina millions by preventing arrests, incarceration, and emergency hospital visits. The program also provides vocational training and education, with high success rates for residents maintaining sobriety and employment.
A new study by University of Eastern Finland reveals that losses reduce subsequent risk taking among horse race bettors and similar situations. Bettors tend to avoid losses and break even at the very least, whereas gains lead to increased bets but not exceeding earlier gains.
A new study by University at Buffalo researchers suggests that tying self-worth to financial success can lead to decreased autonomy and increased stress. The study found that individuals who base their self-esteem on financial success also experience more financially-based social comparisons and financial hassles.
A study by Hiroshima University and Nagoya University found that financial literacy decreases anxiety about life in old age. Financially literate individuals earn more, accumulate assets, and are less anxious about retirement, thanks to better risk perception and planning.
A new study by Columbia University researchers found that most Airbnb hosts in Manhattan make less than $10,000 a year, with nearly two-thirds of listings booked less than 30 days. Meanwhile, a small share of hosts generates the majority of the revenue, with top earners capturing 80% of all revenue.
A new study in the Journal of Consumer Research found that consumers will pay big money for painful experiences like obstacle races and ultra-marathons. Through extensive interviews with Mudders, researchers learned that pain helps individuals cope with reduced physicality and create a story of a fulfilled life.
A study by Penn State researcher Amit Sharma found that people who frequently dine out tend to under-estimate their spending and then raise their budgets, leading to over-spending habits. The results show that mental budgeting may cause consumers to discount the future and place higher value on current consumption.
A study by Aarhus University found that longer deadlines increase charitable donations. The researchers sent emails and text messages with varying deadlines to approximately 53,000 Danes who had previously donated money. As a result, the donations increased when the deadline was longer.
Three experts from the University of Sydney argue that deregulating the FDA's regulatory system will subject patients to potentially toxic drugs. They highlight examples of successful drugs that were identified through well-controlled studies, and contrast these with unregulated markets that struggle to sift out ineffective treatments.
Research from NC State University found that crowdfunding backers' number predicts market success, not the amount of money raised. Backers serve as evangelists and provide constructive feedback, contributing to a product's later financial goals.
A new study by Edgar Ghossoub explores the relationship between income inequality and inflation, finding that a strong stock market can reduce income inequality. However, countries with smaller stock markets and higher inflation, like Mexico, experience more damaging effects of income inequality on their populations.
Researchers found that only early adopters benefit from switching to PPS, while MBG becomes a dominant strategy under competition, forcing all retailers to switch to MBGs regardless of their benefits. The study reveals how each retailer responds and reacts to its competitor's adoption of PPS or MBG.
A new study by Duke University found that increasing politicians' pay does not encourage more working-class people to run for office. Research shows that high-paying jobs attract professionals rather than lower-paid individuals, making it difficult for blue-collar workers to break into politics.
Healthcare spending on children in the US grew from $149.6 billion in 1996 to $233.5 billion in 2013, with the highest expenditures on well-newborn care, ADHD treatment, and dental care. The study highlights the need to analyze driving factors behind increased healthcare spending to determine its impact on processes and outcomes.
Scientists have developed a technique to analyze brain patterns, which could help treat anxiety, eating disorders, and other conditions. By using decoded neurofeedback, researchers reduced fear responses in subjects by associating the stimulus with positive outcomes.
Mindful consumption training can lead to improved financial well-being, reduced materialism and enhanced quality time with family. The study also highlights its benefits for environmental and societal well-being.
A study estimates that mobile money improved the lives of 194,000 Kenyan households, lifting them out of extreme poverty. Increased access to mobile money also boosted long-term consumption, especially among female-headed households.
A new study in Science found that mobile money access helped bring hundreds of thousands of Kenyans out of poverty, especially those in female-headed households. The expansion of M-PESA, Kenya's text message-based payments system, lifted 194,000 households above the poverty line.
A new study found that mobile-money services in Kenya increased daily per capita consumption levels by 194,000, or 2%, lifting households out of extreme poverty. Female-headed households saw a significant increase in consumption and occupation shifts, with an estimated 185,000 women moving from farming to business occupations.
A new study suggests that waiving the $85 fee for frequent fliers to enroll in TSA PreCheck would result in significant cost savings for the Transportation Security Administration. The study found that costs saved by frequent travelers using expedited security exceeded the cost of waiving their enrollment fees.
Researchers at Newcastle University found that hackers can hack a credit card account in as little as 6 seconds by guessing the card number, expiry date, and CVV. The 'Distributed Guessing Attack' method allows hackers to circumvent security features and validate card details across multiple websites.
A new research paper from the University of Luxembourg outlines a method to identify patterns in options traders' behavior influenced by short-term market perceptions. Sophisticated investors use these patterns for profit, but the approach can exacerbate expected price plunges.
A new questionnaire developed by Cornell University researchers accurately predicts problematic behaviors such as unprotected sex and binge drinking in young adults. The Gist Scale's 12 simple questions assess an individual's ability to delay gratification, with results showing it outperforms other measures in accuracy and length.
A study from Purdue University found that carrying student loan debt is almost as important as income in predicting financial worry and life satisfaction. The research highlights the burden of debt on one's life for the long term.
A study by Pieter Moonen reveals that only a small group of Congolese farmers are driving deforestation, not for self-sufficiency but to sell crops on the market. The findings highlight the need for a more effective approach to deforestation, including local community support and sustainable land use practices.
A recent study found that redirecting attention to future needs increases self-control, a mechanism previously thought to be solely governed by the prefrontal cortex. The research suggests that the temporo-parietal junction plays a crucial role in both social interactions and self-controlled decision-making.
A study finds that Payment by Results (PbR) can lead to ineffective aid distribution due to a lack of accurate data. PbR may reward performance for improvements that would have happened anyway, highlighting the need for robust data sources.
A new BU study reveals that the nation's two largest soda companies sponsored at least 96 national health organizations from 2011 to 2015, dampening efforts to combat obesity and reduce soda consumption. The companies' tactics include using relationships with health groups to develop positive associations for their brands.
Researchers examine how large payments are necessary to induce landowners to accept conservation contracts, considering permanent and temporary options. The study reveals that permanent lump-sum payments need to be higher due to 'loss of option value,' while linking carbon payments to profits reduces uncertainty and hesitation.
Research suggests that financial incentives for fundraisers can compromise their ability to convey sincerity, leading to lower donation rates. Despite this, incentives may still engage unmotivated individuals and recruit top talent.
A new economic study by the University of Stirling and Royal Holloway, University of London, has found that single women who inherit unexpected wealth are more likely to become entrepreneurs. The study highlights liquidity constraints faced by women in the UK, which may be due to lack of collateral or gender discrimination.
A new study finds that inmates are using ramen noodles as a form of money due to declining prison food services, signaling a trend of punitive frugality. Inmates are trying to figure out ways to better feed themselves as services are being cut back, leading to the rise of underground economy practices.
Researchers found that personality measures, charitable-giving behavior, and aging converge in the brain to reflect pure altruistic tendencies. General benevolence increases with age, particularly after 45, suggesting life experiences may plant seeds of pure altruism.
A new mobile application called WithShare facilitates collaborative activities by allowing users to request and participate in shared experiences. By streamlining interactions and emphasizing reciprocal roles, the app aims to overcome limitations of traditional timebanking and promote coproduction relationships.
Youth transitioning out of foster care face elevated risks of homelessness and poverty due to lack of family support. A study found that former foster youth struggle with low wages, irregular hours, and limited access to financial opportunities.
Researchers analyzed auction data and found that fine art returns are significantly lower than estimated at around 6.3% per annum. Investing in art via a fund does not increase the chances of outperforming a diversified portfolio.
Research from Cornell Food & Brand Lab reveals that caregivers often serve large portions to show affection, leading to unnecessary food waste. The study suggests connecting food pantries with nutritional educators can reduce food waste in lower-middle class households.
A study by New York University found that women are more likely to be saved or not harmed in moral dilemmas compared to men. In experiments involving the trolley dilemma and financial rewards, women showed a stronger aversion to harming females than males, even when it came at their own expense.
A meta-analytic review found that lenient return policies increase purchases more than they increase returns. Retailers may benefit from creating complex return policies varying along multiple dimensions to balance these concerns.
Researchers at Aarhus University found that using 10% more energy for heating can save 10% on the bill while reducing carbon dioxide emission. They developed an intelligent management system to optimize building operations, predicting energy prices and environmental impact.
A new study dispels the notion that millionaires are highly mobile, finding they are reluctant to move for tax benefits. The study reveals that only about 12,000 millionaires change states annually, and family responsibilities are a key factor limiting migration among top-income earners.
An editorial published by The BMJ argues that money back guarantees are not the answer to improving data reproducibility in research. Instead, it advocates for open science and open data as key solutions. This approach would involve making all protocols, hypotheses, raw data, methods, and analyses publicly available.
A study by Iowa State University professors recommends strategies for firms to minimize the risk of losing value in acquisitions. By recognizing the threat of competitive retaliation and tailoring their response, firms can make better choices and maintain market power.
A new study suggests that therapeutic substitution could help drive down the cost of prescription medications by substituting chemically different compounds within the same class of drugs. The study estimated potential savings through therapeutic substitution for drug classes with both generic and brand-name options, resulting in reduc...
A new study suggests that carbon pricing revenues could generate enough funds to cover the drinking water supply for most countries worldwide by 2030. In India alone, a carbon tax would yield around $115 billion annually, with only 4% needed for clean water and sanitation.
A study published in JAMA Internal Medicine found that unemployed smokers were less likely to get new jobs and earned an average of $5 less per hour than nonsmokers. This results in a significant wage deficit, with smokers facing a loss of over $8,300 annually.
A quantitative study by the University of the Basque Country found that becoming unemployed alters people's moral values regarding fairness and redistribution. Most unemployed individuals tend to redistribute money equally among their group, regardless of whether it was earned or received through luck.
A new study examines nearly 77,000 UK bank spending transactions and reveals that individuals who spend more money on products matching their personality traits report greater life satisfaction. This effect is stronger than the relationship between total income or total spending and life satisfaction.
African-Americans face significant obstacles to entrepreneurship due to centuries-old racial disadvantages, including limited access to resources and financial services. The majority of black-owned businesses are smaller, have fewer employees, and generate less revenue compared to their white counterparts.