Economy and Society

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    Previous work experience is not a good predictor of how people will perform in a new job

Previous work experience is not a good predictor of how people will perform in a new job

Chad Van Iddekinge, John Arnold, Rachel Frieder, and Philip Roth find that the criteria organizations currently use to screen job applicants generally are poor predictors of future performance. This is because previous employment says nothing about how well applicants performed there nor does past experience in one organisation translate into effective performance in another.

The use of job experience in […]

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    Local economies and political discontent: how feeling ‘left behind’ breeds anger

Local economies and political discontent: how feeling ‘left behind’ breeds anger

In studying discontent with politics, existing research has mostly neglected local contexts and how people perceive them. Lawrence McKay shows that both real and perceived conditions in the local community are important drivers of whether people feel their community is represented by government.

In recent years, it has become impossible to ignore the extraordinary degree of inequality between different parts […]

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    It is a fantasy to think that financial markets will self-regulate when it comes to climate risk

It is a fantasy to think that financial markets will self-regulate when it comes to climate risk

Abby Innes explains how the current financial incentive framework is stacked against any traded company that tries to care about climate change. She warns that without government regulation, the economy’s most regressive financial actors will continue to punish those who invest for the future.

When the Conservative Government insists that traded corporations and investment funds should be left to self-regulate […]

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    EU migrants contribute to UK public finances, but the money hasn’t gone where it’s needed

EU migrants contribute to UK public finances, but the money hasn’t gone where it’s needed

While migrants’ fiscal contributions could make up for the increased demand on public services, these are currently being used for other purposes, writes Johnny Runge. As a result many people continue to assume that migration is a drain to the economy and to public services.

EU migrants contribute positively to UK public finances. According to recent research, they pay more […]

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    Amplifying Islamophobic hate crime: UK media in the wake of terror attacks

Amplifying Islamophobic hate crime: UK media in the wake of terror attacks

Ria Ivandic,Tom Kirchmaier, and Stephen Machin study the empirical connections between local anti-Muslim hate crimes and international jihadi terror attacks. They find that local Muslim populations face a media-magnified likelihood of hate crime victimization in the days following such incidents.

In recent years, the frequency of jihadi terrorist attacks around the world has risen. Various commentators argue that this rise […]

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    Corporate care home collapse and ‘light touch’ regulation: a repeating cycle of failure

Corporate care home collapse and ‘light touch’ regulation: a repeating cycle of failure

In light of the care home chain Four Seasons going into administration David Rowland looks at the failure of the regime designed to prevent such situations, as well as the cause of the collapse. He concludes that the rights of hedge funds and private equity investors to extract profit from the care home sector are given priority than the […]

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    Trust the process? Participatory budgeting and how it can be improved

Trust the process? Participatory budgeting and how it can be improved

Participatory budgeting provides an opportunity for citizens to engage in processes of deliberation upon the allocation of public funds. But does it work? Catherine Wilkinson, Emma Flynn, John Vines, Jo Briggs, Karen Salt argue that increasing the perceived accessibility, and reconsidering the inclusion of mass membership groups in the process, might help to create more effective and trustful participation.

Participatory […]

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    Childhood circumstances and young adult outcomes: the role of parental financial problems

Childhood circumstances and young adult outcomes: the role of parental financial problems

Is there a relationship between childhood circumstances and outcomes later on in life? Andrew E. Clark, Conchita D’Ambrosio, and Marta Barazzetta consider the cognitive and non-cognitive consequences on young adults who experienced major financial problems as children.

The 2008-2009 Great Recession and 2011-2013 EU sovereign-debt crisis put many families at risk of poverty and social exclusion. One particular feature of […]