Like any 28 year old, Arif Jetha, a fourth-year PhD candidate at the University of Toronto’s Dalla Lana School of Public Health, is worrying about his future. Once he completes his PhD, should he remain at home with his parents and pursue post-doctoral work or move on to full-time employment and begin establishing his career?(more…)
COLUMBIA, Mo. – As the U.S. economy continues to lag, many investors remain wary about taking risks with the stock market. Now, researchers at the University of Missouri have concluded that this attitude toward investment risk-taking is influenced by the age of the investor and the economic climate of the time period. Rui Yao, an assistant professor of personal financial planning in the College of Human Environmental Sciences at MU, found that willingness to take financial risks, or “risk tolerance,” decreases as investors age.
“Age has a pragmatic relationship with financial risk,” Yao said. “Each additional year of life represents a shortened time horizon for recouping market losses. In addition, individuals approaching or in retirement may shift focus from asset accumulation to asset preservation. These individuals may become relatively more concerned about potential loss of money when they are closer to retirement or no longer have a steady source of income.” (more…)
Americans typically spend $70 billion more in December than in November and January
Americans typically spend $70 billion more in December than in the average of November and January (the months around December). In a recent National Science Foundation-sponsored interview, Joel Waldfogel, the Carlson School’s Frederick R. Kappel Professor of Applied Economics at the University of Minnesota uses that increase to measure the amount of holiday gift-giving. This level of spending is lower than in other countries. “We’re about the 20th largest in terms of countries in the world,” said Waldfogel, referencing how much U.S. December spending increases.(more…)
Corporate directing in the UK has radically changed over the last 24 years yet some board conduct, such as the persistent under-representation of women on boards, has only changed marginally, a unique series of ESRC-funded studies reveals.
The research by Annie Pye, Professor of Leadership Studies at the University of Exeter Business School, is based on a series of interviews, which first took place in 1988, with directors who lead some of the UK’s largest listed companies, including Lloyds Banking Group, Marks & Spencer, and Prudential. Described by Sir Adrian Cadbury as “ground-breaking”, the research spans a period of significant change for British business, predating the first code of governance practice for UK companies, through to the present global economic crisis.(more…)
*A new study of health insurance in nine Chinese provinces shows that individual coverage surged within a two-year time frame, from 2004-2006, coinciding with new government interventions designed to improve access to health care. The changes were most dramatic in rural areas.*
PROVIDENCE, R.I. [Brown University] — Health care coverage increased dramatically in parts of China between 1997 and 2006, a period when government interventions were implemented to improve access to health care, with particularly striking upswings in rural areas, according to new research by Brown University sociologist Susan E. Short and Hongwei Xu of the University of Michigan. The findings appear in the December issue of Health Affairs.
Led by Xu, a former Brown graduate student, the study analyzed data from the China Health and Nutrition Survey, which follows households in nine provinces that are home to more than 40 percent of China’s population. Xu and Short specifically focused on patterns of coverage among rural and urban residents. (more…)
*Increasing yield in poorer countries could decrease adverse environmental effects*
Global food demand could double by 2050, according to a new projection reported this week in the journal Proceedings of the National Academy of Sciences (PNAS).
The analysis also shows that the world faces major environmental challenges unless agricultural practices change.
Scientists David Tilman and Jason Hill of the University of Minnesota (UMN) and colleagues found that producing the amount of food needed could significantly increase levels of carbon dioxide and nitrogen in the environment, and may cause the extinction of numerous species. (more…)
COLUMBIA, Mo. – As feed prices have risen in recent years, feeding turkeys has become more costly than many producers can bear. Satisfying turkeys’ hunger accounts for 70 percent of the cost of producing turkey meat. Now, a researcher at the University of Missouri has produced a cheaper turkey feed, which could fill turkeys’ tummies and producers’ pockets.(more…)
ANN ARBOR, Mich.—Employers can expect higher worker satisfaction and production if the company offers flexible hours that allow employees to handle crises and short-term family commitments, a new University of Michigan study indicates.(more…)