The potential psychological effects of atypical and precarious employment arrangements are attracting increasing attention among academic and policy researchers. The UK economy is approaching ‘full employment’ and the jobless rate has dropped below pre-recession levels. Yet, for many workers these employment levels have not meant high quality jobs. More employees now find themselves underemployed than before the recession and […]
Government funding for innovation related to military uses represents a key channel through which governments all over the world shape innovation. In the US, for example, annual government defence-related research and development (R&D) expenditures were $78 billion in 2016, over 57% of all government-funded R&D (Congressional Research Service, 2018). While defence-related R&D is motivated by goals that are not […]
Organisations are increasingly turning to ‘people analytics’ – using vast amounts of data about their employees – to gain insights into their workforce and introduce evidence-based decision-making. Companies hope to use measures such as clicks, views, interactions and many other online operations to accurately capture employee performance on top, or even instead of, traditional performance evaluation systems that are […]
Milton Friedman versus Klaus Schwab – it was a battle between two world views. In 1970, Friedman wrote his seminal essay on the role of the firm effectively arguing that the “business of business is business” and that wider stakeholder considerations can be value-destructive. In 1973, Klaus Schwab’s Davos Manifesto argued that management must also serve employees and society, […]
Within the span of a decade, social media has woven its way deep into our lives. Many use it extensively – the average user spends more than two hours a day on social media – to connect and communicate with each other, to get information, and to entertain themselves. There may be no technology since television that has so […]
In today’s labour market in the Netherlands people experience more job security than ever before. It is however hard to get a permanent contract, and people have to apply more often during their career. For many people, applying for a new job is a difficult process. It is a dynamic and complex situation that requires exploring new environments, learning […]
Mean Girl: Ayn Rand and the Culture of Greed. Lisa Duggan. University of California Press. 2019.
In 1905, Alissa Zinovievna Rosenbaum was born into a middle-class Jewish family in St. Petersburg, Russia. While Rosenbaum lived a relatively comfortable life financially until her teens, it is important to acknowledge that she grew up in what Anne C. Heller has described as […]
Christine Lagarde’s reign at the European Central Bank (ECB) has heralded a shift not in the monetary policy field, but mainly in terms of communication, at least judging from her first press conference in December. She is not Mario Draghi or Jean-Claude Trichet, her predecessors, and she wants to affirm her own different style as President. “Each and every […]
Is it possible to attribute the banks’ home bias in sovereign exposure to something beyond their externally-imposed (such as moral suasion) or internally-distorted (such as risk-shifting) incentives? Despite the so-called doom loop between the two, could the relationship of banks with their domestic governments have an underexplored silver lining?
These are the questions I pursue in a recent paper. By […]
Innovative firms pay workers more than others do. This fact is well known from endogenous growth theories, which state that as technology advances, innovative firms should get more rents, which should translate into higher wages. Empirically in the UK over the period 2004-2016, an average worker in a non-innovative firm was paid about 20 per cent less than an […]
In an era when the voice of customers, environmentalists and other interest groups is getting stronger and stronger, corporate social responsibility (CSR) is increasingly adopted by firms and other organisations as a strategy to reduce business risks and achieve results that satisfy both shareholders and stakeholders.
CSR is associated with a large number of related concepts such as business ethics, […]
Not too long ago, I was preparing a lecture about group dynamics for my students at Delft University of Technology. One of the dynamics I wanted to introduce was the bystander effect. The bystander effect refers to the phenomenon that an individual’s likelihood of offering help in a critical situation decreases when passive bystanders are present (e.g., Darley & […]
Social interaction and communication are key elements of our society. Individuals reveal personal information about themselves to others — for instance with a view to deepening a relationship. Since nowadays, social relationships are oftentimes maintained via social networking sites, instant messengers, or other social media platforms, personal disclosures can reach larger audiences than originally intended and put people in […]
Many of the LSE blogs regularly feature book reviews of the latest publications emerging across the social sciences. But which books have LSE blog editors been enjoying in 2019? In this list, five LSE blog editors recommend their favourite reads of the year.
Much of my work involves thinking about Brexit, which can be unhealthy. The fact that so much […]
The Economist’s recent briefing “Measuring the 1%: Economists are Rethinking the Numbers on Inequality” has caused a stir amongst inequality scholars. The report, published at the end of November 2019, suggests that new US research has refuted the widely held view that economic inequality has been rising in recent decades. Researchers at LSE’s International Inequalities Institute disagreed with their take, so we […]
Technological advances have made it possible for everyone to know potentially everything about everyone else. Sci-fi shows such as Netflix’s Black Mirror imagine dystopian scenarios that could result from these new technologies. In the real world, social media is already allowing individuals to disclose details about their personal lives with strangers. This technological change has sparked a policy debate […]
LSE Business Review is taking a two-week break and won’t be publishing any new content during the holidays. Thank you for your company in 2019. We look forward to bringing you more relevant research and insights in 2020. Happy holidays and Happy New Year!
Featured image via Free-Photos, under a Pixabay licence
Informational privacy: a precondition for democratic participation? To survive, democracies need to protect citizens’ data privacy, even against their inclinations to share information online, writes Wulf Loh.
Informational privacy: a precondition for democratic participation?
Rethinking privacy in the age of psychological targeting. Direct regulation of psychological targeting and privacy by design may lift from users the burden of actively protecting their privacy, write Sandra Matz, Ruth Elisabeth […]
“Honesty is the first chapter in the book of wisdom.” That’s what Thomas Jefferson, Founding Father and third president of the United States, once said. If that’s true, then you might think that bankers are stuck on the first page, such is the public perception of them.
Following the 2008 global financial crisis, the reputation of bankers took a nosedive. […]
Given the global environmental and societal challenges of the 21st century, the concept of sustainability is becoming increasingly important in the financial markets. It seems necessary to involve private individuals in the transition to a sustainable economy. However, investment preferences are very heterogeneous, so that investment products customised to “averaged” preferences often fail to achieve the goal of promoting […]
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