https://phys.org/science-news/economics-business en-us The latest news on economics research, business research, management sciences Asset owners who control substantial capital in the financial system through pension funds, endowments, foundations, and individual holdings can play a crucial role in driving investments in climate change mitigation, according to a new Yale School of the Environment study. https://phys.org/news/2024-11-asset-owners-investment-climate-mitigation.html Economics & Business Wed, 06 Nov 2024 16:36:03 EST news650133361 Researchers from Stockholm University, Bocconi University, and the Rockwool Foundation have studied poverty's lasting impact across generations in wealthy countries. By examining the United States, Denmark, the United Kingdom, Australia, and Germany, the team found that welfare systems play a significant role in whether children born into poverty will remain poor as adults. https://phys.org/news/2024-11-multi-country-significant-differences-poverty.html Social Sciences Economics & Business Wed, 06 Nov 2024 11:38:03 EST news650115482 A new statistical model could help to address the age-old question of how to price non-physical, intangible goods like data, say scientists. https://phys.org/news/2024-11-framework-games-chance-price-intangible.html Mathematics Economics & Business Wed, 06 Nov 2024 09:48:36 EST news650108912 By analyzing online reading behavior across millions of firms worldwide, a new study out of the Complexity Science Hub (CSH) connects how much information companies consume and how the consumption relates to their size. https://phys.org/news/2024-11-firms-online-habits-employees-worldwide.html Economics & Business Tue, 05 Nov 2024 19:00:01 EST news650023317 Missing a deadline has more complex consequences than you might think. Researchers at the University of Toronto found that if you submit a piece of work late, people will think it's lower in quality than if you were to submit the exact same work on time or early. https://phys.org/news/2024-11-deadline-bigger-impact.html Social Sciences Economics & Business Tue, 05 Nov 2024 07:19:04 EST news650013542 Research by the University of the Basque Country (UPV/EHU) reveals an unbalanced distribution of the impacts generated by the exploitation of two blocks in the Amazon. https://phys.org/news/2024-11-great-degree-ecuadorian-oil-profits.html Social Sciences Economics & Business Tue, 05 Nov 2024 03:59:28 EST news650001556 The beliefs someone holds and the environment where they live and work shape how much economic inequality people report seeing, according to new research from the University at Buffalo School of Management. https://phys.org/news/2024-11-reveal-factors-mask-economic-inequality.html Social Sciences Economics & Business Fri, 01 Nov 2024 08:57:03 EDT news649670221 Compared with just before the COVID-19 pandemic, people are spending nearly an hour less a day doing activities outside the home, behavior that researchers say is a lasting consequence of the pandemic. https://phys.org/news/2024-10-decline-home-pandemic.html Social Sciences Economics & Business Thu, 31 Oct 2024 00:00:01 EDT news649500000 It feels like narcissism is everywhere these days: politics, movies and TV, sports, social media. You might even see signs of it at work, where it can be particularly detrimental. Is it possible to keep a workplace free of destructive, manipulative egotists? https://phys.org/news/2024-10-tool-narcissism-job-candidates.html Social Sciences Economics & Business Sat, 26 Oct 2024 06:09:02 EDT news649141735 Rising numbers of houses and flats listed as short-term lets on Airbnb are associated with higher rates of crimes such as burglaries and street robberies right across London, according to the most detailed study of its kind. https://phys.org/news/2024-10-airbnb-rentals-linked-crime-london.html Social Sciences Economics & Business Wed, 23 Oct 2024 19:00:01 EDT news648917810 Science and Nature, two leading science journals, have revealed a growing problem: an alarming rise in fraudulent research papers produced by shady paper mill companies. This wave of fake studies is creating a major headache for the academic world, putting the integrity of global academic research at risk. https://phys.org/news/2024-10-paper-mills-cartel-companies-fraudulent.html Economics & Business Education Tue, 22 Oct 2024 11:20:10 EDT news648814796 A team of researchers has experimentally demonstrated that indirect connections in a social network have a significant impact on the adoption of innovations. Their study, published in the journal PNAS Nexus, reveals that the influence of indirect contacts is approximately two-thirds and one-third that of direct contacts for the second and third circle of influence, respectively. https://phys.org/news/2024-10-experimental-approach-relationships-affect.html Social Sciences Economics & Business Mon, 21 Oct 2024 12:26:04 EDT news648732362 Monash University research has found that campus-wide lockdowns at universities based in Northern China during the COVID-19 pandemic impacted university students' value of trust, honesty, and creativity—behavioral traits that are crucial for positive socioeconomic development. https://phys.org/news/2024-10-reveals-effects-lockdowns-socioeconomic-behaviors.html Social Sciences Economics & Business Mon, 21 Oct 2024 11:17:04 EDT news648728222 Dr. Mo Abolkheir, a philosopher specializing in inventions and patents, has identified a logical fallacy—a flawed argument that may appear valid but is based on faulty reasoning—within the law. https://phys.org/news/2024-10-philosopher-glitch-worldwide-patent-laws.html Economics & Business Political science Thu, 17 Oct 2024 14:49:04 EDT news648395334 The Nobel prize in economics was awarded on Monday to Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson for research into wealth inequality between nations. https://phys.org/news/2024-10-trio-economics-nobel-wealth-inequality.html Economics & Business Mon, 14 Oct 2024 08:08:21 EDT news648112040 A new study led by Dr. Andreas Bayerl from Erasmus School of Economics, Dr. Yaniv Dover from The Hebrew University, and Prof. Hila Riemer and Prof. Danny Shapira from the Ben-Gurion University of the Negev has identified a significant and consistent gender rating gap in online reviews, revealing that women's average ratings are higher than men's across major platforms such as Amazon, Google, IMDb, TripAdvisor, and Yelp. https://phys.org/news/2024-10-gender-gap-online-reveals-women.html Social Sciences Economics & Business Tue, 08 Oct 2024 11:13:03 EDT news647604781 Until now, it was considered certain that people are more likely to cooperate if the benefits from cooperation are higher. A recently published, large-scale study involving researchers from Innsbruck has now called this finding into question: in over 2,000 study participants, the researchers found no relationship between benefits from cooperation and willingness to cooperate. https://phys.org/news/2024-10-link-cooperation-societal-benefits.html Social Sciences Economics & Business Tue, 08 Oct 2024 10:04:04 EDT news647600641 In the complex network of human relationships, choosing to show allegiance to someone often shapes decisions and actions. But what happens when loyalty to one friend extends to their connections? https://phys.org/news/2024-10-loyalty-indirect-moral-dilemmas.html Social Sciences Economics & Business Wed, 02 Oct 2024 14:48:18 EDT news647099292 A new study from the Coller School of Management at Tel Aviv University sheds light for the first time on an important issue in the business world: employees withholding their inventions from the companies they work for. https://phys.org/news/2024-09-employees-commercial-withheld-employer.html Economics & Business Mon, 30 Sep 2024 14:05:04 EDT news646923901 Flooding, including the devastation caused recently by Hurricane Helene, is responsible for $5 billion in annual damages in the U.S. That's more than any other type of weather-related extreme event. https://phys.org/news/2024-09-policy.html Economics & Business Political science Mon, 30 Sep 2024 09:35:05 EDT news646907702 A newly published study by researchers at the University of Massachusetts Amherst estimates that it can cost small and mid-sized food producers tens of thousands of dollars to meet new food safety standards that prescribe proactive measures to ensure the safety of the U.S. food supply. The research is the first to assign an estimated dollar amount to compliance. https://phys.org/news/2024-09-food-safety-small-mid-sized.html Economics & Business Fri, 27 Sep 2024 10:56:43 EDT news646653394 People around the globe often depend on informal financial arrangements, borrowing and lending money through social networks. Understanding this sheds light on local economies and helps fight poverty. https://phys.org/news/2024-09-social-people-money.html Social Sciences Economics & Business Thu, 26 Sep 2024 10:22:05 EDT news646564922 When given the choice, people prefer to collaborate on work projects with higher-paid colleagues, but they want to hire subordinates with a lower pay history than theirs, according to research published in the journal American Psychologist. https://phys.org/news/2024-09-high-pay.html Social Sciences Economics & Business Mon, 23 Sep 2024 09:00:01 EDT news646300021 As income inequality widens, debates around redistribution policies are heating up. New research from the Universities of Zurich, Lille and Copenhagen reveals that support for these policies stems not only from individuals' financial situations but also from an inherent aversion to inequality. https://phys.org/news/2024-09-aversion-inequality-redistribution-policies.html Social Sciences Economics & Business Thu, 19 Sep 2024 10:17:03 EDT news645959822 When making economic decisions, humans can be driven by various factors, including their goals and emotions. Past studies have hypothesized that emotions play a crucial role in economic decisions, particularly those that involve risk or trade-offs between immediate and future benefits. https://phys.org/news/2024-09-relationship-emotions-economic-decision-differ.html Social Sciences Economics & Business Thu, 19 Sep 2024 09:49:38 EDT news645958172 Income and wealth inequality in the U.S. remain near all-time highs. Analysts say this disparity is a "major issue of our time." Experts have spotlighted deep policy failures fueling the problem and helpful economic fixes to alleviate the suffering. https://phys.org/news/2024-09-toddlers-bias-wealth.html Social Sciences Economics & Business Wed, 18 Sep 2024 17:05:04 EDT news645897901 People selectively underestimate how rich the world's richest people are, according to a study. Increasing income inequality in many countries is driven by steep gains among the top 1% of earners. In the United States, support for policies that would redistribute wealth has not increased since the 1970s, even as the share of incomes held by the top 1% of Americans jumped from 10% to 19%. https://phys.org/news/2024-09-people-underestimate-income.html Economics & Business Political science Tue, 17 Sep 2024 12:44:50 EDT news645795886 Countries globally are rapidly transitioning to a cleaner energy future—accelerating their push for electric vehicles alongside ambitious targets to phase out gasoline and diesel in transportation. Global electric car sales surged by around 25% in the first quarter of 2024 from the same period in 2023 and are projected to reach approximately 17 million units by the end of the year, accounting for more than one in five cars sold globally. https://phys.org/news/2024-09-links-ev-stations-local-business.html Economics & Business Wed, 11 Sep 2024 13:10:02 EDT news645278618 Land was once set aside as Native American reservations because it was undesirable and low in resources, but now interested Native Americans may have economic leverage in the growing industry of clean energy. A team of researchers led by UW–Madison professors Dominic Parker and Sarah Johnston quantified the economic potential of wind and solar energy projects on these lands and discussed the regulatory barriers for tribes wishing to tap into it. https://phys.org/news/2024-09-energy-native-american-reservations-alleviate.html Social Sciences Economics & Business Tue, 10 Sep 2024 17:30:03 EDT news645208201 Opportunity hoarding has gained attention over the last several years, particularly after the 2019 Varsity Blues Scandal in which wealthy, well-known parents used their money, status and privilege to illegally get their children into university. https://phys.org/news/2024-09-privileged-parents-economic-upward-mobility.html Social Sciences Economics & Business Wed, 04 Sep 2024 12:50:28 EDT news644673024