https://phys.org/science-news/economics-business en-us The latest news on economics research, business research, management sciences The number of educational opportunities that children accrue at home, in early education and care, at school, in afterschool programs, and in their communities as they grow up are strongly linked to their educational attainment and earnings in early adulthood, according to new research. The results indicate that the large opportunity gaps between low- and high-income households from birth through the end of high school largely explain differences in educational and income achievement between students from different backgrounds. https://phys.org/news/2024-09-strong-link-childhood-opportunities-young.html Economics & Business Education Thu, 26 Sep 2024 14:47:52 EDT news646580863 The Family Research Council is a conservative advocacy group with a "biblical worldview." While it has a church ministries department that works with churches from several evangelical Christian denominations that share its perspectives, it does not represent a single denomination. Although its activities are primarily focused on policy, advocacy, government lobbying and public communication, the Internal Revenue Service granted the council's application to be treated as "an association of churches" in 2020. https://phys.org/news/2024-09-churches-real-irs.html Economics & Business Political science Thu, 26 Sep 2024 14:47:09 EDT news646580821 All major supermarkets and retailers that sell groceries, such as Kroger, Walmart and Costco, give large amounts of food to food banks and pantries. In 2022, retailers donated close to 2 billion pounds of food across the United States, which amounted to US$3.5 billion that year. The estimated value of donated food was a little less than $2 per pound in 2022. https://phys.org/news/2024-09-grocery-donate-expiring-food-price.html Economics & Business Thu, 26 Sep 2024 14:46:34 EDT news646580786 Prime Minister Christopher Luxon sparked debate on the future of work in New Zealand this week when he ordered public service employees back to the office. https://phys.org/news/2024-09-hybrid-worlds-worker-productivity.html Economics & Business Thu, 26 Sep 2024 13:00:01 EDT news646572736 One of the most daunting tasks for new leaders is making decisions that impact others. Although the average person makes thousands of conscious decisions each day—some estimates suggest as many as 35,000—when it comes to making decisions in the workplace, many hesitate. https://phys.org/news/2024-09-struggling-decisions-confidence.html Social Sciences Economics & Business Thu, 26 Sep 2024 12:19:14 EDT news646571946 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 Financial services, like many institutions, are losing Americans' trust. That's a problem. Economies depend on a healthy financial system, as became painfully evident during the 2008 financial crisis, and that system operates largely on trust—confidence that people can access the money in their bank accounts, that their investment accounts are secure, and that their trades will be filled at quoted market prices, to name just a few everyday financial interactions. https://phys.org/news/2024-09-nobel-prize-economist-fintech.html Economics & Business Thu, 26 Sep 2024 07:50:01 EDT news646555240 Before beginning its war of aggression against Ukraine in 2022, Russia had already conducted an aerial bombardment of Georgia in 2008 and invaded Crimea as well as the Donbas region in 2014. This has left politicians and researchers puzzling over the question: Would it have been possible to prevent the current war in Ukraine if countries had implemented more decisive and intensive sanction policies back then? https://phys.org/news/2024-09-tougher-political-sanctions-statistical-economic.html Economics & Business Political science Wed, 25 Sep 2024 16:42:04 EDT news646501321 New study shows that retirees are more likely to cash out smaller retirement accounts instead of turning them into steady income streams, even though they might do the opposite with larger accounts. This choice can hurt their long-term financial security, leaving them with less stable income in retirement. For financial companies, this behavior has implications in their ability to manage assets liabilities risks (ALM). https://phys.org/news/2024-09-small-accounts-big-decisions-multiple.html Economics & Business Wed, 25 Sep 2024 15:50:12 EDT news646498178 This week the New South Wales government announced it would introduce legislation that ensures renters are offered convenient, fee-free options to pay their rent. https://phys.org/news/2024-09-rent-tech-platforms-action-reining.html Economics & Business Wed, 25 Sep 2024 14:10:01 EDT news646487020 Neuroticism is one of the Big Five personality traits, characterized by a tendency to experience negative emotions like anxiety, fear, and frustration. Individuals with high levels of neuroticism are often more sensitive to stress and more likely to react negatively to challenges. https://phys.org/news/2024-09-sales-jobs-people-neurotic-employers.html Social Sciences Economics & Business Wed, 25 Sep 2024 13:40:01 EDT news646486942 Small companies may post higher wages for entry level positions than large companies—potentially attracting better talent, even though the larger companies have more influence on the market, according to new Cornell research. https://phys.org/news/2024-09-small-firms-higher-pay-due.html Economics & Business Wed, 25 Sep 2024 12:50:01 EDT news646486823 Our current economic system is based on poor science and should not be used to guide government decision-making when faced with threats to existence like climate change. That's the conclusion of a new paper led by UNSW Sydney sustainability scientists that finds our economic system is driving environmental damage and social inequality and needs substantial reform. https://phys.org/news/2024-09-current-economic-sustainability-experts.html Economics & Business Wed, 25 Sep 2024 12:40:14 EDT news646486799 Governments, regulators and global financial institutions are overlooking major opportunities to unlock the estimated US$9.2 trillion worth of financing needed each year to fund the net zero transition, new research suggests. https://phys.org/news/2024-09-overlooked-opportunities-fund-net-transition.html Economics & Business Political science Tue, 24 Sep 2024 15:43:04 EDT news646411382 Modern crowdfunding has grown from relatively modest beginnings in the late 1990s to a multi-billion-dollar financing market for all kinds of early-stage innovations. The platform Kickstarter alone went from $276 million pledged in 2012 to $7.8 billion in 2024. There are even professional project designers to help craft that winning proposal. https://phys.org/news/2024-09-sweet-machine-reveals-factors-successful.html Social Sciences Economics & Business Tue, 24 Sep 2024 15:40:04 EDT news646411201 Optimizing an investment portfolio to maximize returns while minimizing risk is the ultimate goal for investors and their advisers. However, there is no set path and challenges always arise. One such limitation is the high-dimensional, small-sample problem (HDSS). HDSS refers to a portfolio with a large number of assets but little historical data, leading to unreliable portfolio optimization and resulting in weak investment performance. https://phys.org/news/2024-09-portfolio-optimization-limitations-approach.html Economics & Business Tue, 24 Sep 2024 15:29:03 EDT news646410541 Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. https://phys.org/news/2024-09-home-fast-climate-plays-big.html Economics & Business Tue, 24 Sep 2024 14:30:01 EDT news646406799 LGBTQ+ Americans experience widespread discrimination that impacts their physical and mental health—of the over 8% of U.S. adults who are members of the LGBTQ+ community, one in three report experiencing discrimination in the past year. Individuals who identify as transgender and nonbinary are exposed to more discrimination than their sexual minority counterparts, which is associated with worse health outcomes. https://phys.org/news/2024-09-lgbtq-policies-significantly-discrimination-transgender.html Social Sciences Economics & Business Tue, 24 Sep 2024 14:21:53 EDT news646406510 Do the United States and China truly shape the global economic agenda? A new study investigating the relationship between global powers and the stock market has revealed they have more economic influence than previously thought. https://phys.org/news/2024-09-reveals-global-powers-economy.html Economics & Business Tue, 24 Sep 2024 12:53:12 EDT news646401189 West Virginia University research has revealed that college football coaches' paychecks influence the quality of the players they're able to recruit. https://phys.org/news/2024-09-colleges-barred-money-student-athletes.html Economics & Business Education Mon, 23 Sep 2024 17:02:03 EDT news646329721 Following Russia's 2022 invasion of Ukraine, many companies with operations in Russia withdrew from or severely curtailed their Russian operations. For example, Dell and McDonald's ceased all operations in Russia after the invasion. https://phys.org/news/2024-09-firms-withdrew-russia-ukraine-invasion.html Economics & Business Political science Mon, 23 Sep 2024 16:50:04 EDT news646329001 Workers in solid waste management and remediation face a variety of dangers—excessive noise, poor ergonomics, pollution and extreme weather, among others—in addition to regular exposure to a broad range of biohazards and chemicals. As a result, they experience higher rates of injuries and illnesses compared to workers across all private industries. https://phys.org/news/2024-09-solid-industry-focuses-traditional-occupational.html Social Sciences Economics & Business Mon, 23 Sep 2024 16:01:56 EDT news646326110 The concept of rurality is well-trodden ground in policy discussions, but less attention has been given to its more elusive sibling, remote-rurality. https://phys.org/news/2024-09-reveals-complexities-remote-rural-areas.html Social Sciences Economics & Business Mon, 23 Sep 2024 16:00:03 EDT news646326001 Family-owned businesses account for 59% of the U.S. private workforce, with 35% of Fortune 500 companies being family-owned. Although family-owned firms employ more than half of the U.S. workforce, little is known about their operations due to the secretive nature of their corporate governance. https://phys.org/news/2024-09-family-businesses-ceos-accountable-firm.html Economics & Business Mon, 23 Sep 2024 13:40:28 EDT news646317624 The idea of taxing personal fortunes is under increasing discussion amid the growing disparity in wealth distribution in society. https://phys.org/news/2024-09-wealth-tax-inequality.html Social Sciences Economics & Business Mon, 23 Sep 2024 13:30:43 EDT news646317018 Humans have overfished the ocean, cleared forests, polluted water and created a climate crisis by burning fossil fuels. These actions are affecting biodiversity around the world, from remote islands to our own backyards. https://phys.org/news/2024-09-businesses-impact-nature-concealing-reveal.html Economics & Business Mon, 23 Sep 2024 13:30:01 EDT news646314885 When Goodwill of Central and Southern Indiana realized most of the clients in its job-training program lacked a high school diploma, it set out to address the issue. https://phys.org/news/2024-09-goodwill-high-school-dropouts-jobs.html Economics & Business Education Mon, 23 Sep 2024 13:23:54 EDT news646316631 Americans who say they expect to "never retire" are more likely than others to score low on a measure of financial knowledge, a new study shows. https://phys.org/news/2024-09-youll.html Economics & Business Mon, 23 Sep 2024 09:39:43 EDT news646303178 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 When tickets for Green Day's 2025 Australian tour went on sale, fans joined a queue—a ritual that has been practiced for decades on footpaths, on phones, and now online. https://phys.org/news/2024-09-dynamic-pricing-concert-tickets-hundreds.html Economics & Business Sun, 22 Sep 2024 14:00:01 EDT news646048496