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The ecology of subjective wellbeing: a global analysis of environmental factors associated with life evaluation
No full textDespite a burgeoning literature on the impact of ecological indicators on wellbeing, there is a lack of research (a) into the impact of a comprehensive array of indicators, and (b) from a global perspective. This cross-sectional study redresses these issues by combining 17 indicators (which collectively offer good coverage across different aspects of ecology) with life evaluation data from three years (2020–2022) of the Gallup World Poll (n = 386,654). Through factor analysis, these indicators are clustered into three main factors: ecological needs (i.e., the quality of the environment with respect to human needs); ecological efforts (i.e., efforts to preserve or protect the environment); and ecological status (i.e. the state of the environment per se). A multilevel regression model in which individuals were nested within countries indicated an association between these factors and life evaluation, although the third (ecological status) was surprisingly in a ‘negative’ direction. We explore the significance of these findings and offer recommendations for future research
The semblance of success in nudging consumers to pay down credit card debt
No full textWe test a nudge in a field experiment on credit cards. The nudge shrouds the autopay enrollment option for cardholders to automatically pay exactly the credit card minimum payment each month. After six months, the nudge decreases the fraction of cardholders who only pay exactly the minimum by 23 percent. However, the nudge does not significantly reduce credit card debt. Nudged cardholders often choose autopay amounts that are only slightly higher than the minimum payment. The nudge reduces autopay enrollment, which increases missed payments. The nudge reduces manual payments by autopay enrollees. Cardholders frequently lacking liquid cash best explains our results
Fiscal consolidation: lessons for the United States
No full textHow should the United States respond to its unsustainable fiscal outlook? How and when a country should fiscally consolidate depends on its existing circumstances, policies, and institutions. We review the experiences of other countries that attempted consolidations and highlight lessons applicable to the United States. We find that (1) the United States does not face a short-term crisis, so it can employ gradual adjustments, which may minimize short-term harm, (2) consolidation should occur in a strong economy with monetary accommodation, and (3) tax increases (spending cuts) could plausibly play a larger (smaller) role in US consolidations than in European adjustments
State of the banking transition 2025
No full textThe TPI Centre’s State of the Banking Transition 2025 report reviews the progress of 36 large global banks on the low-carbon transition and contains two assessment elements: the Net Zero Banking Assessment Framework and Carbon Performance for Banks. The analysis reveals banks still to be at an early stage of their transition, with decarbonisation targets that cover a limited set of sectors and business activities
A fully fledged political spokesperson for federalism: Delors as seen through Margaret Thatcher's eyes
No full textWhat have we learned from setting up large-scale adaptive management programmes?
Get PDFA new research programme is tracking 3 big aid programmes in the Pacific, each of which claims to be ‘doing’ Adaptive Management. The first paper (and this blog summary) compares the enabling and constraining conditions for AM across the three programs at inception, exploring areas such as analytical rigour, resource intensity, value for money and the advantages of being intentional (rather than accidental) about AM
Elite school students end up in better universities than expected, based on their grades
Get PDFStudents of private and grammar schools are over-represented in elite universities. While some of that is explained by better grades, therse is also a degree of mismatch between how well students do in exams and the quality of the courses they end up in. Jo Blanden, Oliver Cassagneau-Francis, Lindsey Macmillan, Gill Wyness look at why … Continue
Determinants of enduring major depressive episodes in the youth population of Hong Kong: the roles of comorbid psychopathology and stressful life events
Get PDFMajor depressive episodes (MDEs) are highly recurrent in clinical samples. However, the course of MDEs and predictors of their endurance are unclear in the general youth population. We investigated prospective factors associated with enduring MDE (the presence of 12-month DSM-IV MDE at baseline and 1 year using the Composite International Diagnostic Interview-Screening Scales) in 1,833 participants of a 1-year epidemiological youth cohort study in Hong Kong. Multivariable logistic regression models were used to examine the influences of a range of personal and environmental factors. At baseline, 13.7% participants had MDEs, among whom 21.1% presented enduring MDEs. More severe symptoms of post-traumatic stress disorder (adjusted odds ratio [aOR] = 5.54, confidence interval [CI] = 2.14-14.38), depression (aOR = 3.92, CI = 1.79-8.62), and generalized anxiety (aOR = 2.27, CI = 1.21-4.25) at baseline were among the strongest associated factors for enduring MDE, with trends of associations observed for psychotic-like experiences (aOR = 1.98, CI = 0.98-4.02) and eating disorder symptoms (aOR = 1.88, CI = 0.90-3.95). Among various types of stressors, only dependent stressors at follow-up showed a clear association with enduring MDE (aOR = 4.22, CI = 1.81-9.83). Those with enduring MDE showed poorer functioning and mental health-related quality of life at follow-up, with only 35.6% having sought any psychiatric/psychological help during the past year. Detecting comorbid symptoms in those with prior MDEs and reducing the impact of dependent stressors may help reduce their long-term implications. Enhancing the accessibility and acceptability of youth-targeted mental health services would also be crucial to improve help-seeking
The case for tiered liability: evidence from the City of Glasgow Bank failure
Get PDFThe City of Glasgow Bank failure in 1878, which led to large numbers of shareholders becoming insolvent, generated great public concern about their plight, and led directly to the 1879 Companies Act, which paved the way for the adoption of limited liability for all shareholders. In this paper, we focus on the question of why the opportunity was not taken to distinguish between the appropriate liability for ‘insiders,’ i.e. those with direct access to information and power over decisions, as contrasted with ‘outsiders.’ We record that such issues were raised and discussed at the time, and we report why proposals for any such tiered liability were turned down. We argue that the reasons for rejecting tiered liability for insiders were overstated, both then and subsequently. While we believe that the case for such tiered liability needs reconsideration, it does remain a complex matter, as discussed in Section 4
How digital transformation drives new quality productivity forces? Dynamic QCA analysis based on the TOE framework
No full textThe increasing integration of advanced digital technologies has prompted corporate development to align closely with the digital age. Digital transformation has become a critical mechanism for firms to cultivate new quality productivity forces (NQPFs). Despite its significance, the mechanisms through which digital transformation fosters NQPFs remain underexplored. To address this gap, this study applies the Technology-Organisation-Environment framework and employs dynamic qualitative comparative analysis to examine a dataset of listed firms in mainland China. The analysis evaluates the combined influence of various digital transformation factors on NQPFs development. Findings reveal three key insights. (1) Digital transformation enhances NQPFs development through the coordinated interplay of multiple conditions across technological, organisational, and environmental dimensions, with no single condition proving universally essential. (2) Four distinct pathways emerge for achieving high NQPFs: Technology-Driven Model, Technology-Environment Synergy Model, Technology-Organisation-Environment Interaction Model, and Organisation-Environment Response Model. (3) The impact of conditional factors on corporate NQPFs varies across these configuration pathways underscoring the intricate and dynamic nature of digital transformation within corporate settings