Monthly Archives: October 2019

Data breaches and the fate of the IT director

Recently, hardly does a month go by without us hearing breaking news on high-profile data breaches. For example, earlier this year, the social media giant Facebook revealed that over 419 million users had their account-linked phone numbers exposed due to an unencrypted server. Anyone who is interested can potentially search for a particular Facebook ID and its associated phone […]

  • Permalink Gallery

    Why it’s hard to read the privacy policies of cloud service providers

Why it’s hard to read the privacy policies of cloud service providers

Cloud computing is growing at an unprecedented rate, and it is estimated that cloud services will reach a global market value of $411 billion annually by 2020 with annual growth exceeding 15 per cent (Columbus 2019; Gartner 2019). Cloud computing services allow businesses the flexibility of accessing data storage and software resources according to their needs without costly investments […]

  • Permalink Gallery

    Nudging professional drivers to improve performance and reduce fuel consumption

Nudging professional drivers to improve performance and reduce fuel consumption

Understanding how to change behavioural habits is playing a crucial role in mitigating greenhouse gas emissions. This holds true for private behaviour (e.g. using the bike instead of the car), as well as behaviour in the working environment. In the transportation sector, saving greenhouse gas emissions goes hand in hand with saving money: fuel consumption is the main variable […]

October 29th, 2019|Environment|0 Comments|
  • Permalink Gallery

    The unexplained 25% wage gap between male and female Hollywood actors

The unexplained 25% wage gap between male and female Hollywood actors

In 2015, Patricia Arquette won the Oscar for best supporting actress, her speech was a call for equal pay among female and male stars in Hollywood. Her words at the gala ceremony were cheered and later on supported by widely recognised actresses in the industry such as Meryl Streep, Charlize Theron, Jennifer Lawrence, or Natalie Portman. But do male […]

October 28th, 2019|Gender|0 Comments|

Charles Booth’s London Poverty Maps – Book Review

Charles Booth’s London Poverty Maps. London School of Economics and Mary S. Morgan, Inderbir Bhullar, Sarah Wise, Anne Power, Katie Garner, Aileen Reid and Jacob F. Field, with a foreword by Iain Sinclair. Thames and Hudson. 2019.

“I may here draw your attention to the many coloured map hanging on the screen, which I have called the Map of […]

October 27th, 2019|Book Review|0 Comments|
  • Permalink Gallery

    Businesses should report not only on gender but also on race

Businesses should report not only on gender but also on race

Tackling structural inequalities in the UK is fundamental to social cohesion and to enabling economic growth to benefit all. And the case for businesses to do so is clear. Reducing the gender pay gap in labour market participation, Science, technology, engineering and maths (STEM) qualifications and wages could increase the UK economy by £55 billion by 2030. Likewise, companies […]

October 26th, 2019|Gender, Management|0 Comments|
  • Permalink Gallery

    The unfair treatment of biodegradable products: the case of the Mexican chewing gum

The unfair treatment of biodegradable products: the case of the Mexican chewing gum

Last year, the organic chewing gum producers from the South of Mexico, also known as chicleros, launched an initiative to improve the trade treatment they receive. The reasons for doing this are quite clear. Unlike conventional chewing gum, which is made from petrochemicals that damage not just the environment but also people’s health, the gum the chicleros produce is […]

October 25th, 2019|Environment|2 Comments|
  • Permalink Gallery

    A market for values would reconcile profit with a higher social purpose

A market for values would reconcile profit with a higher social purpose

How would capitalism be if values such as environmentalism were tradable on a market? How would companies contribute to society if we could price not only goods and services, but also principles such as justice? Economic transactions involving the choice and practical implementation of socially relevant values may be an option to reconcile sustainability and profit, and, more in […]

  • Permalink Gallery

    Data breaches hurt the economy but not so much the average company

Data breaches hurt the economy but not so much the average company

There are only two types of companies: Those that have been hacked and those that don’t know they have been hacked.       
– John T. Chambers (2018), American Businessman

The Privacy Rights Clearinghouse defines a data breach as “a security violation in which sensitive, protected or confidential data is copied, transmitted, viewed, stolen or used by an unauthorised individual.” There have been […]

October 24th, 2019|Accounting|0 Comments|
  • Permalink Gallery

    How married men and women in the US use their time has changed over the years

How married men and women in the US use their time has changed over the years

I draw data for multiple cohorts of American men and women in the Panel Study of Income Dynamics (the longest running longitudinal household survey in the world) and the Multinational Time Use Study to understand how married people use their time.

Women born in 1935, such as Jane Fonda, worked for pay for about 800 hours per year – 16 […]

October 23rd, 2019|Economics, Gender|0 Comments|
  • Permalink Gallery

    Family business: when succession creates conflict between family and firm hierarchies

Family business: when succession creates conflict between family and firm hierarchies

Succession planning is a vexing issue for family businesses throughout the world. Orchestrating a smooth and successful generational transfer of power is key to family firms’ success — and, in fact, their survival. Research on what makes for successful transition has often focused on the two apparent main actors: the current CEO and the successor.

However, in a six-year research […]

October 22nd, 2019|LSE alumni, Management|0 Comments|
  • Permalink Gallery

    Renting factories: an industrial trend that complicates economic measurement

Renting factories: an industrial trend that complicates economic measurement

Did you know that Mercedes does not actually produce its heavy-duty G-Class? To be fair, it does keep design, development and marketing of the SUV in-house, but the vehicle is entirely built in the factory of Magna Steyr, a contract manufacturer based in Graz, Austria. In the same plant one will also find entire production lines for the Jaguar […]

October 21st, 2019|Economics|0 Comments|

Not Working: Where Have All the Good Jobs Gone? Book Review

Not Working: Where Have All the Good Jobs Gone? David G. Blanchflower. Princeton University Press. 2019.

Find this book: 

In Not Working: Where Have All the Good Jobs Gone?, David G. Blanchflower contributes to the already substantial stream of scholarship on job quality, happiness and economic downturns. The author, a prominent economist and former external member of the Bank of […]

October 20th, 2019|Book Review|0 Comments|
  • Permalink Gallery

    The UK and EU face the consequences of the US-China trade war

The UK and EU face the consequences of the US-China trade war

The world’s two biggest economies – the United States and China – have been engulfed in a trade war for the last couple of years. Like most Western countries, the United States denounces China for stealing US intellectual property, criticises it for engaging in unfair competition on world markets through subsidies and state-owned enterprises (SOEs) and finally laments insufficient […]

Give us the right to choose

On Saturday 19 October 2019, the UK Parliament faces a historic choice over whether or not to vote through the new deal agreed by Boris Johnson and the European Union. Members should demand that the Johnson deal be put to the people against the alternative of a much better deal – remaining in the EU.

This People’s Vote is demanded […]

October 18th, 2019|CEP, Economics, LSE Authors|0 Comments|
  • Permalink Gallery

    Social media cues about your political leanings might influence whether you’re hired or not

Social media cues about your political leanings might influence whether you’re hired or not

Highly charged political issues appear daily in the news in Europe and the US. In Europe, the English Brexit vote, French energy taxes/policy, and immigration issues in many countries have aroused intense emotions. These feelings manifested in England with extreme behaviours such as throwing milkshakes at politicians and in France with months of rioting. In the US, political discussions […]

Want to make your company agile? Start from HR

Agile methodology is increasingly embraced by a wide variety of organisations in different contexts and competitive situations.  Its roots, as a movement, go back to the creation of the Agile Manifesto in 2001 by 17 thought leaders from software development.  Agility is characterised by speed, adaptation to external changes, multiple iterations and fast and direct communication with the user.

Agile […]

October 16th, 2019|Management|0 Comments|

When free trade lands on the banking desk

The effect of trade liberalisation on economic activity remains one of the most important questions in economics. While prominent theories of international trade show that free trade improves the allocation of resources and welfare within countries (the so called “reallocation channel”), trade scepticism is at a historical high in many policy circles around the world.

It is well understood that […]

  • Permalink Gallery

    Labour market mobility in the EU before and after the crisis

Labour market mobility in the EU before and after the crisis

The crisis has resulted in a substantial rise in unemployment in Europe and a notable divergence in unemployment rates and labour market outcomes post-crisis. Particularly, the events that unfolded since the financial crisis and the ensuing sovereign debt — as well as political and institutional — crisis had a tremendous impact on labour markets across Europe. Following a period […]

  • Permalink Gallery

    Why Not Default? The Political Economy of Sovereign Debt – Book Review

Why Not Default? The Political Economy of Sovereign Debt – Book Review

Why Not Default? The Political Economy of Sovereign Debt. Jerome Roos. Princeton University Press. 2019.

In Why Not Default? The Political Economy of Sovereign Debt—a book based on his doctoral dissertation—Jerome Roos systematically unpacks the structural characteristics of the contemporary debt market. Leveraging analysis of historical evidence, the author proposes a theory of creditor structural power and high spillover costs […]

October 13th, 2019|Book Review|0 Comments|