Phys.org – Economics & Business

Flooding, including the devastation caused recently by Hurricane Helene, is responsible for $5 billion in annual damages in the U.S. That’s more than any other type of weather-related extreme event.This post was originally published on […]

A newly published study by researchers at the University of Massachusetts Amherst estimates that it can cost small and mid-sized food producers tens of thousands of dollars to meet new food safety standards that prescribe […]

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.This post was originally published on this site

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 […]

As income inequality widens, debates around redistribution policies are heating up. New research from the Universities of Zurich, Lille and Copenhagen reveals that support for these policies stems not only from individuals’ financial situations but […]

When making economic decisions, humans can be driven by various factors, including their goals and emotions. Past studies have hypothesized that emotions play a crucial role in economic decisions, particularly those that involve risk or […]

Income and wealth inequality in the U.S. remain near all-time highs. Analysts say this disparity is a “major issue of our time.” Experts have spotlighted deep policy failures fueling the problem and helpful economic fixes […]

People selectively underestimate how rich the world’s richest people are, according to a study. Increasing income inequality in many countries is driven by steep gains among the top 1% of earners. In the United States, […]

Countries globally are rapidly transitioning to a cleaner energy future—accelerating their push for electric vehicles alongside ambitious targets to phase out gasoline and diesel in transportation. Global electric car sales surged by around 25% in […]

Land was once set aside as Native American reservations because it was undesirable and low in resources, but now interested Native Americans may have economic leverage in the growing industry of clean energy. A team […]