https://phys.org/science-news/economics-business en-us The latest news on economics research, business research, management sciences Family conditions—specifically, how similar one's social status and background is to one's parents' status—may play a bigger role in determining how easily an individual can shift into a wealthier socioeconomic class than gender inequality, according to a study of 153 countries published June 20, 2024 in the open-access journal PLOS ONE by Khanh Duong from Maynooth University, Ireland. https://phys.org/news/2024-06-family-conditions-impact-upward-social.html Social Sciences Economics & Business Thu, 20 Jun 2024 14:00:02 EDT news638093462 A first-of-its-kind study, led by a Northeastern University researcher, examined how racial bias and political rhetoric against Asians and other underrepresented groups in the United States impacted their employment status in the wake of the COVID-19 pandemic. https://phys.org/news/2024-06-anti-asian-rhetoric-pandemic-negatively.html Economics & Business Political science Tue, 18 Jun 2024 12:50:47 EDT news637933844 Eye-contact has a significant impact on interpersonal evaluation, and online job interviews are no exception. In addition to the quality of a resume, the direction of the interviewee's gaze might help (or hinder) their chances of securing the job. https://phys.org/news/2024-06-camera-scores-simulated.html Social Sciences Economics & Business Tue, 18 Jun 2024 09:21:04 EDT news637921262 Men tend to eat meat more frequently than women and the extent of the differences in meat consumption frequency between both genders tend to be greater within countries with higher levels of gender equality and social and economic development, according to a study published in Scientific Reports. The authors suggest that this could be due to individuals within these countries having greater opportunities to express food preferences. https://phys.org/news/2024-06-greater-gender-equality-men-meat.html Social Sciences Economics & Business Thu, 13 Jun 2024 11:00:01 EDT news637487881 It is one of the most hotly debated topics in today's workplace: Is allowing employees to log in from home a few days a week good for their productivity, careers, and job satisfaction? https://phys.org/news/2024-06-economist-hybrid-productivity-retention.html Economics & Business Wed, 12 Jun 2024 11:00:01 EDT news637402201 Private philanthropy has long been a key source of funding for U.S. scientists, particularly as government support has failed to keep pace with the rising cost of research. https://phys.org/news/2024-06-reveals-complex-dynamics-philanthropic-funding.html Economics & Business Education Mon, 10 Jun 2024 13:37:05 EDT news637245421 The platitude that failure leads to success may be both inaccurate and damaging to society, according to a paper published in the Journal of Experimental Psychology, titled "The Exaggerated Benefits of Failure." https://phys.org/news/2024-06-success-failure.html Social Sciences Economics & Business Mon, 10 Jun 2024 09:00:01 EDT news637227854 Companies and digital platforms contribute to financially sustaining misinformation outlets via advertising. Despite attempts to reduce misinformation, ads from well-known firms and organizations continue to appear on misinformation websites, thereby financing such outlets. The supply of falsehoods is expected to rise with artificial intelligence making it easier to create large volumes of misinformation to earn ad revenue. https://phys.org/news/2024-06-advertisers-inadvertently-funding-misinformation.html Economics & Business Political science Fri, 07 Jun 2024 12:11:03 EDT news636981062 Giving a regular cash payment to the entire world population has the potential to increase global gross domestic product (GDP) by 130%, according to a new analysis published June 7 in the journal Cell Reports Sustainability. Researchers suggest that charging carbon emitters with an emission tax could help fund such basic income programs while reducing environmental degradation. https://phys.org/news/2024-06-basic-income-global-gdp-carbon.html Economics & Business Political science Fri, 07 Jun 2024 11:00:01 EDT news636968041 A study by researchers from the University of Adelaide has found that when using cashless methods of payment, individuals tend to spend more when purchasing. https://phys.org/news/2024-06-cashless-payments.html Social Sciences Economics & Business Thu, 06 Jun 2024 13:10:01 EDT news636898029 The competition for online attention in today's news environment is fierce. High-quality news from credible sources must compete for attention with misinformation and a rapidly increasing amount of partisan content. https://phys.org/news/2024-06-simple-headlines-online-news-readers.html Economics & Business Political science Wed, 05 Jun 2024 14:00:01 EDT news636795601 An international team of political scientists, data scientists, economists and environmental scientists has found, via study of satellite data, that approximately 1.18 billion people across the globe are energy-poor—viewed from space, they show no evidence of using electricity. In their study, reported in Joule, the researchers mapped artificial light on the ground as viewed by satellites at night for 3,000 nights. https://phys.org/news/2024-05-satellite-billion-people-energy-poor.html Economics & Business Political science Fri, 31 May 2024 09:49:57 EDT news636367792 Many low-income families might desire to move into different neighborhoods—places that are safer, quieter, or have more resources in their schools. In fact, not many do relocate. But it turns out they are far more likely to move when someone is on hand to help them do it. https://phys.org/news/2024-05-economists-modest-intervention-income-families.html Economics & Business Tue, 28 May 2024 15:28:48 EDT news636128921 While work is occasionally stressful for everyone, some people wear stress as a badge of honor. They're taking one for the team and want to tell you all about it. https://phys.org/news/2024-05-stress-bragging-likable.html Social Sciences Economics & Business Thu, 23 May 2024 15:29:25 EDT news635696960 As more women have entered the biomedical field, they're getting a bigger share of research grants, and the gender gap in research funding appears to be narrowing, but the gains have been uneven. https://phys.org/news/2024-05-gender-gaps-women-scientists.html Social Sciences Economics & Business Mon, 20 May 2024 10:53:55 EDT news635421232 Platforms that offer rides to passengers, such as Uber and DiDi, thrive on socio-economic inequality. By modeling the behavior of passengers and self-employed drivers, researchers of TU Delft simulated the market for ridesourcing platforms, evaluating a broad spectrum of (in)equality levels in societies. https://phys.org/news/2024-04-ridesourcing-platforms-socio-economic-inequality.html Social Sciences Economics & Business Fri, 26 Apr 2024 13:54:03 EDT news633358441 Using firm-level data from the global supply network, researchers from the Complexity Science Hub (CSH) quantified countries' exposure to production losses caused by firm defaults in other countries. According to their findings, wealthy nations are only exposed to supply chain disruptions from other high-income countries, while poor and developing nations are exposed to shocks from all countries. https://phys.org/news/2024-04-countries-global-chain.html Economics & Business Fri, 19 Apr 2024 13:30:00 EDT news632752197 Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19% until 2050 due to climate change, a study published in Nature finds. These damages are six times larger than the mitigation costs needed to limit global warming to two degrees. https://phys.org/news/2024-04-world-economy-committed-income-reduction.html Economics & Business Wed, 17 Apr 2024 11:00:01 EDT news632562794 An analysis of building footprints in major US metropolitan areas identifies five different neighborhood types that vary in footprint size, shape, and placement, and which are statistically associated with varying neighborhood socioeconomic and demographic traits. Noah Durst of Michigan State University and colleagues present these findings in PLOS ONE. https://phys.org/news/2024-04-footprints-neighborhood-sociodemographic-traits.html Social Sciences Economics & Business Wed, 10 Apr 2024 14:00:01 EDT news631959889 Algorithms were supposed to make our lives easier and fairer: help us find the best job applicants, help judges impartially assess the risks of bail and bond decisions, and ensure that health care is delivered to the patients with the greatest need. By now, though, we know that algorithms can be just as biased as the human decision-makers they inform and replace. https://phys.org/news/2024-04-bias-algorithms.html Social Sciences Economics & Business Tue, 09 Apr 2024 17:20:04 EDT news631902001 Remote work could cut hundreds of millions of tons of carbon emissions from car travel—but at the cost of billions lost in public transit revenues, according to a new study. https://phys.org/news/2024-04-transit-agencies-remote.html Economics & Business Tue, 09 Apr 2024 05:00:01 EDT news631804350 An international team of health workers, vision specialists and sociologists reports that giving reading glasses to people with presbyopia in developing countries can boost incomes. Presbyopia is the leading cause of vision impairment and is usually attributable to aging. In their study, published in the open-access journal PLOS ONE, the group gave hundreds of pairs of reading glasses to people in Bangladeshi villages. https://phys.org/news/2024-04-eyeglasses-workers-countries-boosts-income.html Social Sciences Economics & Business Fri, 05 Apr 2024 10:30:01 EDT news631530259 How would an armed conflict, an epidemic, or a flood affect the economy? "Being able to assess—perhaps even predict—the economic impact of such crises is essential when it comes to mitigating and counteracting the damage," says Christian Diem from the Complexity Science Hub (CSH). https://phys.org/news/2024-03-added-tax-countries-crises.html Economics & Business Political science Wed, 27 Mar 2024 12:37:04 EDT news630761821 A team of community health specialists at the Boston University School of Public Health, working with a psychiatrist from Brown University, has found evidence that suggests workers who have more job flexibility and security tend to have better mental health overall. https://phys.org/news/2024-03-survey-workers-flexibility-job-mental.html Social Sciences Economics & Business Tue, 26 Mar 2024 09:50:01 EDT news630663346 The next time you're on a walk, consider stopping by that restaurant you've never been to or the local store you keep meaning to check out. They just might be the key to a vibrant local economy, according to a new study. https://phys.org/news/2024-03-exploration-key-vibrant-local-economy.html Social Sciences Economics & Business Fri, 22 Mar 2024 11:58:04 EDT news630327481 Many employees believe their counterparts at other firms make less in salary than is actually the case—an assumption that costs them money, according to a study co-authored by MIT scholars. https://phys.org/news/2024-03-workers-misjudge-wage.html Economics & Business Thu, 14 Mar 2024 11:27:04 EDT news629634421 Adults ages 60 and up in developed nations are spending more money on energy than younger counterparts—and are also more likely to struggle to reduce those higher costs, according to research led in part by University of Maryland geographers. https://phys.org/news/2024-03-energy-price-hikes-older-people.html Social Sciences Economics & Business Thu, 14 Mar 2024 11:09:09 EDT news629633346 Global GDP loss from climate change will increase exponentially the warmer the planet gets when its cascading impact on global supply chains is factored in, finds a new study led by UCL researchers. https://phys.org/news/2024-03-chain-disruptions-exacerbate-economic-losses.html Economics & Business Wed, 13 Mar 2024 12:00:01 EDT news629544994 A new analysis of 5.8 million Americans finds that earning a college degree is still a sound investment, although the rate of economic return varies across college majors and student demographics. The findings come as skepticism continues to grow over the value of a degree in the face of rising college costs, a decline in college enrollment, and a transforming economy. https://phys.org/news/2024-03-college-degree-investment-tuition.html Economics & Business Education Tue, 12 Mar 2024 09:00:08 EDT news629452806 The limited number of shoppers during the COVID-19 pandemic contributed to the unfavorable behavior of sellers toward buyers. The fewer shoppers in the shop, the more likely the sellers were to keep their change, a study by scientists from SWPS University shows. For shoppers, it is a signal to remain vigilant; for decision-makers, it is a practical tip for shaping policies during crises. https://phys.org/news/2024-03-scientists-attitudes.html Social Sciences Economics & Business Fri, 08 Mar 2024 11:03:03 EST news629118181