Business

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The Case for Not Taxing Multinationals

The habit of taxing Multinational Enterprises (MNEs)’ profits is the legacy of a time when “GM had to make cars in Detroit and Hollywood had to make movies in L.A.”, but is now inefficient and detrimental to global welfare, a new study by Nicolai Foss, Rodolfo Debenedetti Chair of Entrepreneurship at Bocconi University, and colleagues...

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Most Successful Entrepreneurs Are Older Than You Think

The romanticized image of entrepreneurs is a picture of youth: a 20-something individual with disruptive ideas, boundless energy and a still-sharp mind. Silicon Valley has bet on this image for years. But is this right? Far from it, according to our recent research with Javier Miranda of the U.S. Census Bureau and Pierre Azoulay of...

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Your Spotify History Could Help Predict What’s Going on with the Economy

The Bank of England’s chief economist, Andy Haldane, has urged his colleagues to examine the musical mood of the nation when contemplating changes to the bank’s interest rate. How could an increase in Taylor Swift downloads or a decline in the popularity of rock and roll be relevant for managing the economy? It all comes...

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How the US Withdrawal from the Iran Nuclear Deal Will Effect Iran’s Economy

Donald Trump’s decision to unilaterally pull the US out of the Iran nuclear deal doesn’t just have important political and security implications. Because sanctions are at the heart of the deal, it will also have a significant economic impact. Just how big this is depends on the response of the European signatories to the deal...

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New Report Details Experiences of Graduates with Student Loan Debt During the Great Recession

A new report prepared by RTI International for the National Center for Education Statistics provides important insights about rising student debt and its consequences for students who graduated from college during the Great Recession. The study details a variety of post-college outcomes for students who graduated with a bachelor’s degree in 2007-08, reflecting graduates’ perceptions...

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Having Two Jobs Is Great for Employers, but Family Life Suffers

People who hold two jobs demonstrate as much engagement and performance in the workplace as their colleagues who have one job. However, dual job holders are likely to sacrifice family and personal time as a result. These are the findings of a new study in Springer’s Journal of Business and Psychology led by Brian Webster of Ball...

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The Digital Transformation of News Media and the Rise of Online Disinformation

On 26 April 2018 the European Commission took steps to tackle the spread and impact of online disinformation in Europe and ensure the protection of European values and democracies. The Commission proposed an EU-wide Code of Practice on Disinformation, support to an independent network of fact-checkers, and concrete tools to stimulate quality journalism. The European...

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Black Employees in the Service Industry Pay an Emotional Tax at Work

The arrests of two black men who were waiting for a friend at a Starbucks in Philadelphia have raised questions about how race determines how customers are treated. But does race also affect how the employees are treated within the service industry? Prior research shows that black workers in people-oriented occupations – health care, service...