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Economics / Business - 07.07.2020
Report reveals the technology behind bank card gambling blockers works, but millions do not have access
Report reveals the technology behind bank card gambling blockers works, but millions do not have access
The research, published today and led by the University of Bristol, highlighted although blockers could be effective, particularly when used in conjunction with other self-exclusion tools, they need to be improved to better protect people from gambling harm. The researchers, from the university's Personal Finance Research Centre (PFRC), are recommending all card blockers include a time-release lock of at least 48 hours.

Mathematics - Economics / Business - 03.07.2020
New mathematical principle used to prevent AI from making unethical decisions
A new mathematical principle has been designed to combat AI bias towards making unethical and costly commercial choices. Researchers from the University of Warwick, Imperial College London, EPFL (Lausanne) and Sciteb Ltd have found a mathematical means of helping regulators and businesses manage artificial intelligence (AI) systems' biases towards making unethical, and potentially very costly and damaging, commercial choices.

Career - Economics / Business - 03.07.2020
Unequal paths to recovery as economy reopens
Low-income workers are almost twice as likely to be laid-off or furloughed as high-income workers, according to a new UCL study examining income and consumption effects of Covid-19. The working paper, published by Puey Ungphakorn Institute for Economic Research , highlights that a significant proportion of those low-income workers - 70 percent from the bottom fifth of the income distribution - have struggled to afford living costs.

Economics / Business - Environment - 02.07.2020
Root Economics - Between Do-It-Yourself Strategies and Fungal Outsourcing
Root Economics - Between Do-It-Yourself Strategies and Fungal Outsourcing
International group of researchers with members from Freie Universität Berlin describes the growth strategies of plant roots. No 115/2020 from Jul 02, 2020 An international group of researchers with members from Freie Universität Berlin, the German Center for Integrative Biodiversity Research (iDiv), and Wageningen University, among others, has been studying the complex belowground economy of roots.

Economics / Business - 26.06.2020
Why the pandemic is worse for Black, Hispanic household finances
How do different types of households respond to economic volatility? A recent paper by University of Chicago economists shows that income shocks-sudden but temporary reductions in income-affect Black and Hispanic households more strongly than their white counterparts, as a result of the persistent racial and ethnic wealth gap in the United States.

Environment - Economics / Business - 26.06.2020
Warning on affluence
Lorenz Keysser believes that in order to overcome ecological crises, we must recognise affluence as a main driver and fundamentally reconsider our economy and lifestyle. A new mobile phone here, a new dress there, heading on holiday by SUV or further afield by plane, and - for those who can afford it - a big house.

Social Sciences - Economics / Business - 25.06.2020
'Poverty alleviation' and 'needy'' Why words can do more harm than good when offering help
’Poverty alleviation’ and ’needy’’ Why words can do more harm than good when offering help
Stanford psychologists suggest that aid programs can be more effective with messaging that conveys dignity and empowerment in culturally relevant ways and does not jeopardize donations. Non-profits often pull at donors' heartstrings by casting aid recipients as "poor," "needy" or "vulnerable." But new Stanford research shows how such demeaning language can undermine their goal to help others.

Economics / Business - 25.06.2020
Resource curse or resource blessing: How major oil discoveries keep autocrats in power
Resource curse or resource blessing: How major oil discoveries keep autocrats in power
Oil is the most effective natural resource when it comes to keeping despots in power, new research shows. Oil is a more useful resource for rulers looking to hold onto power than minerals such as copper, nickel or zinc but its' benefits are felt most strongly more than a decade after a discovery is made, according to new research led by the University of Sussex Business School.

Economics / Business - 25.06.2020
Helping consumers in a crisis
Helping consumers in a crisis
"Quantitative easing" program let households spend more during the last recession. Could it work again? A new study shows that the central bank tool known as quantitative easing helped consumers substantially during the last big economic downturn - a finding with clear relevance for today's pandemic-hit economy.

Economics / Business - 22.06.2020
Home foreclosures can have devastating, long-term impacts
Stanford economist Rebecca Diamond compiled a unique dataset to uncover fresh research insights into foreclosure's effects on homeowners, landlords and renters. As the pandemic-ravaged U.S. economy braces for a likely wave of housing foreclosures, a new study shows that losing a home can have painful ramifications that extend far beyond the immediate financial damage.

Economics / Business - 22.06.2020
Manufacturers must rethink global operations in face of COVID-19 - study
Manufacturers must redesign and reform their Global Supply Chains or Global Production Networks (GPN) if they want to survive and prosper in the wake of the COVID-19 pandemic, a new study reveals. The virus' impact demonstrates that global manufacturing concerns must switch from large production sites in a single location, such as China, to numerous smaller facilities around the world to reduce business risk.

Environment - Economics / Business - 09.06.2020
Accounting for nature in economies
Accounting for nature in economies
Gross Domestic Product, the standard metric for measuring national economies, doesn't account for the valuable services provided by nature. A new approach could help fill the gap. The way we measure economic health is flawed, according to new research from the Stanford-based Natural Capital Project. When we talk about a country's economic prosperity, we're almost always referring to gross domestic product, or GDP, a calculated value based on the goods and services that flow through an economy.

Economics / Business - Health - 02.06.2020
Slow easing of lockdowns may be better for global economy
A cautious approach to easing lockdown restrictions that reduces the risk of later lockdowns may be better for the global supply chain in the long run, according to a new modelling study led by UCL and Tsinghua University. The paper, published today in Nature Human Behaviour , is the first peer-reviewed study to comprehensively assess potential global supply chain effects of Covid-19 lockdowns, modelling the impact of lockdowns on 140 countries, including countries not directly affected by Covid-19.

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.