https://phys.org/science-news/economics-business en-us The latest news on economics research, business research, management sciences Economics and physics are distinct fields of study, yet some researchers have been bridging the two together to tackle complex economics problems in innovative ways. This resulted in the establishment of an interdisciplinary research field, known as econophysics, which specializes in solving problems rooted in economics using physics theories and experimental methods. https://phys.org/news/2023-11-validation-lillo-mike-farmer-large.html Mathematics Economics & Business Thu, 30 Nov 2023 09:56:53 EST news620560608 We tend to think of large cities as melting pots—places where people from all sorts of backgrounds can mingle and interact. But according to new research, people in big cities tend to primarily interact with other individuals in the same socioeconomic bracket, whereas people in small cities and rural areas are much more likely to have diverse interactions. https://phys.org/news/2023-11-big-cities-foster-socioeconomic-segregation.html Social Sciences Economics & Business Wed, 29 Nov 2023 15:10:09 EST news620493001 Despite a similar statutory tax rate for multinational corporations (MNCs) across many countries, the effective tax rate that MNCs actually pay differs greatly—as low as 1% of gross income in Luxembourg and as high as 67% in Norway. That's one conclusion of a study published in the open-access journal PLOS ONE by Javier Garcia-Bernardo of Utrecht University, the Netherlands, Petr Janský of Charles University, Czechia, and Thomas Tørsløv of Danmarks Nationalbank, Denmark. https://phys.org/news/2023-11-reveals-real-tax-paid-multinational.html Economics & Business Political science Wed, 29 Nov 2023 14:00:01 EST news620476111 Remote teams are less likely to make breakthrough discoveries compared to those who work onsite, according to research led by the universities of Oxford and Pittsburgh into the rise of remote collaborations among scientists and inventors across the world. https://phys.org/news/2023-11-remote-collaborations-scientific-breakthroughs-co-led.html Economics & Business Education Wed, 29 Nov 2023 11:00:01 EST news620476408 New research from the Johns Hopkins Disability Health Research Center suggests that Ph.D. graduates in science, technology, engineering and medicine (STEM) in the U.S. who became disabled before age 25 earn $14,360 less per year in academia than those without disabilities. They are also underrepresented at higher faculty levels (such as deans and presidents) and in tenured positions. https://phys.org/news/2023-11-phd-disabilities-underpaid-underrepresented-academia.html Economics & Business Education Mon, 27 Nov 2023 16:07:03 EST news620323621 A behavioral economist at the University of Bath in the U.K. has found evidence linking higher levels of unwarranted financial optimism with lower levels of cognitive ability. In his study, published in the journal Personality and Social Psychology Bulletin, Chris Dawson surveyed thousands of people in the U.K. about their economic outlook and compared their responses with their true financial outlook. https://phys.org/news/2023-11-higher-financial-optimism-cognitive-ability.html Social Sciences Economics & Business Thu, 23 Nov 2023 10:00:01 EST news619782783 A pair of sociologists, one with the University of Oslo, the other with the Polish Academy of Sciences has found that men benefit more in the workplace from being attractive than women do. In their study, reported in the journal Social Science Quarterly, Alexi Gugushvili and Grzegorz Bulczak describe analyzed data from the National Longitudinal Study of Adolescent Health (NLSAH). https://phys.org/news/2023-11-men-benefit-workplace-women.html Social Sciences Economics & Business Wed, 22 Nov 2023 10:10:05 EST news619869742 Around the world, research agencies are struggling to achieve gender parity. A paper published in Nature Astronomy reports how a national Australian astronomy center achieved equal numbers of women and men using science. https://phys.org/news/2023-11-australian-astronomy-center-gender-parity.html Social Sciences Economics & Business Thu, 16 Nov 2023 11:00:01 EST news619347409 Banding together to sell fishing rights could generate economic benefits for African countries, which receive far less from access to their fisheries on the global market than other countries do from theirs. By joining forces, UC Santa Barbara researchers say in a paper published in Nature Communications, African fisheries would not just secure more competitive access fees, they could also protect their seas' biodiversity. https://phys.org/news/2023-11-fish-cartel-africa-benefit-countries.html Social Sciences Economics & Business Mon, 13 Nov 2023 16:02:37 EST news619113754 For the first time, scientists have used the concept of evolutionary traps on human societies at large. They find that humankind risks getting stuck in 14 evolutionary dead ends, ranging from global climate tipping points to misaligned artificial intelligence, chemical pollution, and accelerating infectious diseases. https://phys.org/news/2023-11-potential-evolutionary-dead-humanity-ways.html Social Sciences Economics & Business Mon, 13 Nov 2023 10:33:34 EST news619094010 Addressing the shortage of women in STEM-related fields such as computer science is not enough to close the gender gap in both representation and pay: Treating women more like men, especially on pay day, is more important than representation alone, according to Cornell research. https://phys.org/news/2023-11-rewarding-women-men-wage-gap.html Social Sciences Economics & Business Mon, 06 Nov 2023 12:11:03 EST news618495061 During the 2020–2021 season of the National Basketball Association (NBA), which took place during Donald Trump's failed bid at re-election, immigrant players for teams in regions with stronger far-right political sentiments were more likely to make game errors—highlighting the possible detrimental effects of such views on immigrant workplace performance. https://phys.org/news/2023-11-game-immigrant-nba-players-context.html Economics & Business Political science Wed, 01 Nov 2023 14:00:01 EDT news618056442 When people work for discriminatory managers, they put in less effort. That's true both when managers are biased against them and when they're biased in their favor, according to a new paper that Nicholas Heiserman of Oklahoma State University and I have published in the journal Nature Human Behaviour. https://phys.org/news/2023-11-workplace-discrimination-saps-favor.html Social Sciences Economics & Business Wed, 01 Nov 2023 11:16:07 EDT news618056164 Businesses must adopt new ways of thinking to effectively reduce their carbon footprint, suggests a new study from Imperial College Business School. https://phys.org/news/2023-10-businesses-embrace-ways-climate.html Economics & Business Mon, 23 Oct 2023 10:30:52 EDT news617275842 Women faculty are more likely to leave academia than men faculty throughout all career stages in U.S. universities, University of Colorado Boulder researchers revealed in the most comprehensive analysis of retention in academia to date. https://phys.org/news/2023-10-analysis-reveals-harsh-workplace-climate.html Economics & Business Education Fri, 20 Oct 2023 14:00:01 EDT news617010001 New research by Valentina Bosetti (Department of Economics) and Italo Colantone (Department of Social and Political Sciences) suggests that Western policymakers wanting to make progress on climate action should address the distributional consequences of international trade. https://phys.org/news/2023-10-green-vote-import-competition-people.html Economics & Business Political science Wed, 18 Oct 2023 10:16:04 EDT news616842961 The stats don't lie—the overwhelming majority of start-up companies fail. So, what makes the seemingly lucky few not only survive, but thrive? https://phys.org/news/2023-10-founder-personality-start-up-success.html Social Sciences Economics & Business Wed, 18 Oct 2023 08:28:05 EDT news616836482 Social media marketers sharing photos of people vacationing in exotic locales or attending events at exclusive venues may actually be driving new customers away, according to a recently published Tulane University study. https://phys.org/news/2023-10-social-media-photos-customers.html Social Sciences Economics & Business Tue, 17 Oct 2023 14:23:04 EDT news616771379 New research has found even modest interventions, such as encouraging consumers to reflect on their choices before they submit their order, could reduce the emissions associated with the production of their food by more than 50%. https://phys.org/news/2023-10-online-menus-prompt-people-healthier.html Social Sciences Economics & Business Mon, 16 Oct 2023 12:48:03 EDT news616679281 A pair of financial analysts, one with the Reserve Bank of New Zealand, the other from Victoria University of Wellington, also in New Zealand, has conducted a global analysis of financial losses due to climate change. In their study reported in the journal Nature Communications, Rebecca Newman and Ilan Noy calculated estimates of damage related to climate change by comparing damage wrought by extreme weather events against economic losses over the past 20 years. https://phys.org/news/2023-10-ongoing-financial-climate.html Economics & Business Tue, 10 Oct 2023 10:00:02 EDT news616149021 The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for research that has helped bring understanding to the role of women in the labor market. https://phys.org/news/2023-10-claudia-goldin-nobel-women-labor.html Other Economics & Business Mon, 09 Oct 2023 07:48:25 EDT news616056496 Researchers show in a new study that a short reflection exercise to boost self confidence increases job search success. This holds true even for the long-term unemployed and people over 50. https://phys.org/news/2023-10-values-success-job.html Social Sciences Economics & Business Tue, 03 Oct 2023 10:08:03 EDT news615546477 It's been almost exactly 15 years since Lehmann Brothers declared bankruptcy, marking the height of the financial crisis. Since then, we've entered the era of the "polycrisis"—where several catastrophic events are happening at once. We're dealing with the aftermath of a pandemic, a war in Ukraine, extreme weather events, rising inflation and a food and energy crisis. https://phys.org/news/2023-09-stereotyping-economic-crises.html Social Sciences Economics & Business Wed, 27 Sep 2023 12:32:47 EDT news615036764 A new study from Western researchers examining the impacts of the school closures and remote learning on elementary students during the COVID-19 pandemic has tapped the perspective of a critical group: teachers. https://phys.org/news/2023-09-students-low-income-households-experienced-losses.html Economics & Business Education Wed, 27 Sep 2023 09:44:03 EDT news615026641 A study titled "Factors Assessing Science's Self-Presentation model and their effect on conservatives' and liberals' support for funding science" published in the Proceedings of the National Academy of Sciences (PNAS) identifies five factors that Annenberg Public Policy Center (APPC) researchers say reflect public assessments of science and are associated with public support for increasing funding of science and support for federal funding of basic research. These factors are whether science and scientists are perceived to be credible and prudent, and whether their work is perceived to be untainted by bias, self-correcting, and beneficial. https://phys.org/news/2023-09-factors-well-being-science-funding.html Economics & Business Political science Mon, 25 Sep 2023 10:43:46 EDT news614857422 Imprisonment for unpaid debts might seem Dickensian, a relic of harsher times. But thousands of people serve jail time each year in the U.S. for failure to pay fines, fees, and other court costs, often resulting from lower-level violations such as traffic tickets. https://phys.org/news/2023-09-common-debt-imprisonment-today.html Social Sciences Economics & Business Wed, 20 Sep 2023 11:09:13 EDT news614426950 Researchers from The University of Queensland have found people who believe in manifesting financial success are more likely to make risky investments and end up bankrupt. https://phys.org/news/2023-09-belief-manifesting-financial-success-risky.html Social Sciences Economics & Business Tue, 19 Sep 2023 14:51:34 EDT news614353892 Consumers are not always predictable when it comes to choosing products online—a concept that lies at the core of Cornell's latest research in consumer psychology. https://phys.org/news/2023-09-consumers-online-choices-mouse.html Social Sciences Economics & Business Fri, 15 Sep 2023 14:29:11 EDT news614006947 When people feel that their resources are scarce—that they don't have enough money or time to meet their needs—they often make decisions that favor short-term gains over long-term benefits. Because of that, researchers have argued that scarcity pushes people to make myopic, impulsive decisions. https://phys.org/news/2023-09-money-financial-scarcity-doesnt-poor.html Social Sciences Economics & Business Thu, 14 Sep 2023 09:00:01 EDT news613840995 While public discussions often focus on climate change driving people to emigrate, new research published in Nature Human Behaviour shows that net-migration patterns around the world are actually more strongly linked with socio-economic factors. The study also provides a new, high-resolution dataset of net-migration over the past two decades to inform policy-making and fuel further research. https://phys.org/news/2023-09-finer-picture-global-migration-reveals.html Social Sciences Economics & Business Thu, 07 Sep 2023 11:00:01 EDT news613295928