Monthly Archives: May 2018

  • Permalink Gallery

    What power does to you – the psychological consequences of power

What power does to you – the psychological consequences of power

We often blame the behaviours of those who have power and abuse it on the individual and his or her personality. That is, we make what psychologists call a dispositional attribution. But there is more to individual and personality differences when it comes to understanding the behaviour of those in power. In fact, what is often occulted are the […]

  • Permalink Gallery

    Leading Professionals: Power, Politics and Prima Donnas – Book Review

Leading Professionals: Power, Politics and Prima Donnas – Book Review

Leading Professionals: Power, Politics and Prima Donnas. Laura Empson. Oxford University Press. 2017.

Find this book: 

Leading Professionals: Power, Politics and Prima Donnas casts light upon leadership, its impact on the trajectory of professional organisations and, most importantly, the power and politics within them. The book has two interlinked strengths. Firstly, Laura Empson, the author, was an investment banker and a […]

May 13th, 2018|Book Review|0 Comments|
  • Permalink Gallery

    The market failures that keep us from dealing effectively with superbacteria

The market failures that keep us from dealing effectively with superbacteria

There have been bacteria on this planet for at least the last 3.5 billion years. For the entirety of our species’ existence we have relied on bacteria to aid us in breaking down food, whilst being helpless to guard against their wrath whenever we had a bacterial infection. It wasn’t until the late 19th century that more powerful microscopes lead […]

Which eco-labels deliver what they promise?

With more than 450 eco-labels worldwide, consumers have greater access to information about which products offer superior environmental attributes. However, consumers often do not know the meaning behind a particular eco-label. For example, the European Union (EU) Flower is Europe’s most widely recognised eco-label. Yet 40 per cent of United Kingdom residents state that they do not know its meaning. Fewer consumers understand the “rules,” […]

May 11th, 2018|Environment|0 Comments|

Polish immigrants stimulate innovation in Germany

Even in an immigration system that is not based on skill selection, immigrants have positive innovation effects. They are directly engaged in patenting activities but they also have positive spillover effects on inventors already living in the country. With this finding we contribute to the ongoing public debate on the costs and benefits of immigration.

Immigration policy has been an […]

  • Permalink Gallery

    Over 100 countries still bar women from working in specific jobs

Over 100 countries still bar women from working in specific jobs

Two years ago, I told you that gender equality is a critical component of economic growth. I talked about the consequences of laws that facilitate or discourage women from entering the labor force. This was the 2016 edition of Women, Business and the Law, a World Bank Group product that identifies barriers to women’s economic participation and tracks progress […]

May 9th, 2018|Gender|0 Comments|
  • Permalink Gallery

    Why the Bank of England should stay put and not raise rates now: the view of leading economists

Why the Bank of England should stay put and not raise rates now: the view of leading economists

Ahead of the May 2018 interest rate decision of the Bank of England’s Monetary Policy Committee, more than two-thirds of leading economists surveyed by the Centre for Macroeconomics (CFM) agree that in a period of great uncertainty and after a prolonged period of weak real wage growth, monetary policy-makers can afford to wait for greater certainty about real wage […]

Where is the internet headed?

Over the past few months, you’ve almost certainly heard someone lament the state of the internet.

It might have been a friend or family member, who learned the Facebook-Cambridge Analytica breach was worse than originally thought. Or maybe it was Twitter CEO and co-founder Jack Dorsey, who recently acknowledged his platform had been compromised by bots and trolls. Or perhaps […]

  • Permalink Gallery

    Rising US income inequality: the disproportionate gains of the highest earners

Rising US income inequality: the disproportionate gains of the highest earners

The increase in U.S. income inequality since 1970 largely reflects gains made by households in the top 20 per cent of the income distribution. Estimates suggest that households outside this group have suffered significant losses from foregone consumption, measured relative to a scenario that holds inequality constant. A substantial mitigating factor for the losses has been the dramatic rise […]

  • Permalink Gallery

    Behavioral Economics and Healthy Behaviors: Key Concepts and Current Research – Book Review

Behavioral Economics and Healthy Behaviors: Key Concepts and Current Research – Book Review

Behavioral Economics and Healthy Behaviors: Key Concepts and Current Research. Yaniv Hanoch, Andrew J. Barnes and Thomas Rice (eds). Routledge. 2017.

Find this book: 

If there is an area where behavioural economics can have an impact on individual wellbeing, it is health. Traditional economic concepts – spanning from consumption and investment reasons for a ‘demand for health’, the assumption that […]

  • Permalink Gallery

    When multinationals offshore production, where do they locate innovation?

When multinationals offshore production, where do they locate innovation?

With the emergence of global value chains (GVCs), production processes have become increasingly fragmented and dispersed across different countries. R&D (research & development) and innovation have typically been among the least internationalised functions of the value chain and were traditionally considered as ‘core activities’ to be retained close to companies’ headquarters. But despite the important ‘home bias’ in global […]

  • Permalink Gallery

    Skilled migrants have higher earning potential in countries with more inequality

Skilled migrants have higher earning potential in countries with more inequality

Attracting and retaining high-skill individuals is vital for the development of knowledge-based economies, in which ideas drive technological progress. Understanding whether and why high-skilled individuals stay in a country or leave it is therefore crucial – for sending and receiving countries alike.

A very influential theoretical model of migrant selection (Borjas 1987, building on Roy 1951) predicts that migrants to […]

  • Permalink Gallery

    Italian women face dramatic earnings losses after the birth of a child

Italian women face dramatic earnings losses after the birth of a child

Female labour force participation has increased in most European countries in the last decades: the activity rate in EU15 has constantly increased in the last 20 years, gaining more than 10 percentage points (from 56 to 68 per cent). Nonetheless, the gender earnings gap remains substantially high in most countries.

Recent research highlighted that parenthood is one of the main […]

May 3rd, 2018|Gender|0 Comments|
  • Permalink Gallery

    Information inequality makes voters vulnerable to manipulation

Information inequality makes voters vulnerable to manipulation

The media industry is unique in its ability to spread information that may influence the democratic process. There is ample evidence that news coverage influences voting and policy-making, and this issue has become even more prominent after the controversy over the role of ‘fake news’ in the 2016 US presidential election.

A powerful defence against fake news is real news. […]

We need to have a career plan B up our sleeves

Our societies, especially in developed countries, will soon have a majority of their adult population in the over 50 group. The UK will reach this point in the mid 2030s. This increasing healthy longevity means that at age 50 we likely have 25-30 years of health and energy to look forward to. At the same time, most of us […]

Facebook’s light approach to corporate governance

Amongst the regular challenges of modern governance are the corporate scandals. These have affected almost every business sector, most recently of course the so-called disruptive Big Tech companies. It seems none of these social media technology companies are exempt from scandal. Google have been accused of abusing the dominance of its Android smart phone operating system and Apple were […]

Algorithms raise a number of critical issues for regulation

The regulation of and by algorithms has become of growing relevance to the delivery of public services, coinciding with the related interest in open and big data. Debates about the consequences of the rise of algorithms have been however limited. Early contributions considered whether the rise of algorithmic regulation and new information technologies represented a fundamental (mostly benevolent) change […]