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Economics / Business - Health - 19.05.2020
Divorce drives early withdrawal from retirement accounts
Divorce drives early withdrawal from retirement accounts
Divorce-not buying granite countertops for a remodel-is what drives people to withdraw from their retirement funds well before they actually retire, according to a University of Michigan researcher. And mortgage payment distress is also a major factor-leading families to withdraw funds. Americans were most likely to access cash from their retirement accounts before they were retired during a divorce or after they lost a job, according to a working paper by economists Frank Stafford of U-M and Thomas Bridges of the University of Delaware.

Environment - Economics / Business - 05.05.2020
Long-term developments of energy pricing and consumption in industry
Long-term developments of energy pricing and consumption in industry
Researchers at the Paul Scherrer Institute PSI have collaborated with British economists to study how energy consumption by Swiss industry develops depending on energy pricing. To this end, they examined in particular the prices and consumption of both electricity and natural gas over the past decades.

Environment - Economics / Business - 05.05.2020
Green policies essential for UK’s economic recovery
Green policies such as increasing use of renewable energy and investing in electric vehicles should be at the heart of Government recovery plans after the Covid-19 crisis, according to a briefing paper co-authored by Professor Paul Ekins (UCL Institute for Sustainable Resources). The document, put together by the COP26 Universities Network of which UCL is a member, draws on new research assessing the economic and climate impact of taking a green route out of the crisis.

Economics / Business - 05.05.2020
Finds stronger links between automation and inequality
This is part 3 of a three-part series examining the effects of robots and automation on employment, based on new research from economist and Institute Professor Daron Acemoglu.  Modern technology affects different workers in different ways. In some white-collar jobs - designer, engineer - people become more productive with sophisticated software at their side.

Economics / Business - 05.05.2020
Robots help some firms, even while workers across industries struggle
Study finds manufacturing companies that are quick to automate can thrive, but overall employment drops. This is part 2 of a three-part series examining the effects of robots and automation on employment, based on new research from economist and Institute Professor Daron Acemoglu.  Overall, adding robots to manufacturing reduces jobs - by more than three per robot, in fact.

Economics / Business - Microtechnics - 04.05.2020
How many jobs do robots really replace?
This is part 1 of a three-part series examining the effects of robots and automation on employment, based on new research from economist and Institute Professor Daron Acemoglu.   In many parts of the U.S., robots have been replacing workers over the last few decades. But to what extent, really? Some technologists have forecast that automation will lead to a future without work, while other observers have been more skeptical about such scenarios.

Economics / Business - 04.05.2020
Economic woes create more marital disagreements
Married couples argue with each other more about finances and other household matters as they cope with economic hardship from the global COVID-19 pandemic. But these outcomes are similar to what occurred more than a decade earlier, according to a new University of Michigan study that found economic hardships during the 2008 U.S. recession strained household finances and increased marital disagreements.

Economics / Business - 01.05.2020
Low income workers disproportionally affected by Covid-19
Low income workers in developing countries face a higher risk of income loss during the Covid-19 lockdown as it is less possible to conduct their jobs from home, suggests a new study from UCL, Bank of Thailand, Universidad Carlos III de Madrid and GRIPS, Tokyo. The study, published in  Covid Economics: Vetted and Real-Time Papers , used Thailand as a case study but the findings are highly relevant for other countries with similar labour market structures - specifically, those with a large share of self-employment and low social safety net.

Health - Economics / Business - 29.04.2020
Economic damage could be worse without lockdown and social distancing - study
Economic damage could be worse without lockdown and social distancing - study
The worst thing for the economy would be not acting at all to prevent disease spread, followed by too short a lockdown, according to research based on US data. Taking no action is unacceptable from public health perspective, and extremely risky from an economic perspective Giancarlo Corsetti There is much debate over the economic costs of our lockdown lives: whether the price of disease mitigation is worth the risk of an enduring financial crisis.

Philosophy - Economics / Business - 29.04.2020
Memory misfires help selfish maintain their self-image
When people behave selfishly, they have a reliable ally to keep their self-image well-polished - their own memory. When asked to recall how generous they were in the past, selfish people tend to remember being more benevolent than they actually were, according to a series of experiments by Yale psychologists and economists at University of Zurich published April 29 Communications.

Economics / Business - Administration - 21.04.2020
Debt-laden firms are more likely to risk work safety: study
Debt-laden firms are more likely to risk work safety: study
New international research has found that cutting corners on workplace safety to boost short-term financial gains may be rife among companies burdened with debt. The researchers anticipate the problem will only worsen as the COVID-19 crisis smashes the world's economies.   Dr Di Fan from The Australian National University (ANU), who co-led the research, warned that Australian companies were susceptible to having a "myopic focus" at workers' expense.

Economics / Business - 21.04.2020
Women bear brunt of coronavirus economic shutdown in UK and US
Women bear brunt of coronavirus economic shutdown in UK and US
New data shows women and people who did not go to university are more likely to have lost work and earnings since mid-March. Of all those still employed, 32% of people in the UK and 37% of people in the US believe they will lose their jobs in the next few months Christopher Rauh Women on both sides of the Atlantic are more likely to have lost their jobs or suffered a fall in earnings since the coronavirus pandemic took hold - even after accounting for differences in types of occupation, a new study suggests.

Economics / Business - 21.04.2020
Women are bearing brunt of coronavirus economic shutdown in UK and US
Women are bearing brunt of coronavirus economic shutdown in UK and US
Researchers find a gender gap in job loss probabilities even after controlling for education and occupation type. They also find a gender gap in hours of childcare during the pandemic.  Of all those still employed, 32% of people in the UK and 37% of people in the US believe they will lose their jobs in the next few months Christopher Rauh Women on both sides of the Atlantic are more likely to have lost their jobs or suffered a fall in earnings since the coronavirus pandemic took hold - even after accounting for differences in types of occupation, a new study suggests.

Economics / Business - 20.04.2020
A more holistic way to measure economic fallout from earthquakes
Officials know how to account for deaths, injuries and property damages after the shaking stops, but a new study, based on a hypothetical 7.2 magnitude quake near San Francisco, describes the first way to estimate the far greater financial fallout that such a disaster would have, especially on the poor.

Economics / Business - Health - 15.04.2020
Economic activity has halved during Spain's coronavirus lockdown
Economic activity has halved during Spain’s coronavirus lockdown
Almost one and a half billion spending transactions reveal "real time" reactions of consumers in a major western economy during the nation's peak pandemic period.  Within a big city, inequality in disease burden appears to be linked to inequality in economic burden Vasco Carvalho A new analysis of 1.4 billion credit and debit card transactions during the first three months of 2020 show that spending in Spain post-lockdown was an average of 49% lower than the same date the previous year.

Economics / Business - 06.04.2020
Making Biofuels Cheaper by Putting Plants to Work
Making Biofuels Cheaper by Putting Plants to Work
Biofuels are an important part of the broader strategy to replace petroleum-based gasoline, diesel, and jet fuels that we use today. However, biofuels have so far not reached cost parity with conventional petroleum fuels. One strategy to make biofuels more competitive is to make plants do some of the work themselves.

Health - Economics / Business - 03.04.2020
Younger workers hit harder by coronavirus economic shock in UK and US
Younger workers hit harder by coronavirus economic shock in UK and US
In addition, those on low incomes are more likely to have lost jobs or pay, and less able to complete work tasks from home. Researchers warn the COVID-19 downturn is likely to "increase inequality between young and old". The immediate impact of the coronavirus downturn on workers has been large and unequal Christopher Rauh Workers under the age of thirty, as well as those on lower incomes, on both sides of the Atlantic are already bearing the brunt of the economic shutdown caused by the COVID-19 pandemic, latest research finds.

Health - Economics / Business - 03.04.2020
Workers under 30 hit harder by coronavirus economic shock in UK and US
Workers under 30 hit harder by coronavirus economic shock in UK and US
In addition, those on low incomes are more likely to have lost jobs or pay, and less able to complete work tasks from home. Researchers warn the COVID-19 downturn is likely to "increase inequality between young and old". The immediate impact of the coronavirus downturn on workers has been large and unequal Christopher Rauh Workers under the age of thirty, as well as those on lower incomes, on both sides of the Atlantic are already bearing the brunt of the economic shutdown caused by the COVID-19 pandemic, latest research finds.

Economics / Business - Health - 31.03.2020
The data speak: Stronger pandemic response yields better economic recovery
Study of 1918 flu pandemic shows U.S. cities that responded more aggressively in health terms also had better economic rebounds. The research described in this article has been published as a working paper but has not yet been peer-reviewed by experts in the field. With much of the U.S. in shutdown mode to limit the spread of the Covid-19 disease, a debate has sprung up about when the country might "reopen" commerce, to limit economic fallout from the pandemic.

Economics / Business - 24.03.2020
Countries with weaker handwashing culture more exposed to COVID-19
Countries where people do not have a habit of washing their hands automatically tend to have a much higher exposure to coronavirus, a new study reveals. University of Birmingham researchers have discovered that at least 50% of people do not have a habit of automatic handwashing after using the toilet in China (77%), Japan (70%), South Korea (61%) and the Netherlands (50%).

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