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Economics / Business - Health - 02.06.2020
Slow easing of lockdowns may be better for global economy
A cautious approach to easing lockdown restrictions that reduces the risk of later lockdowns may be better for the global supply chain in the long run, according to a new modelling study led by UCL and Tsinghua University. The paper, published today in Nature Human Behaviour , is the first peer-reviewed study to comprehensively assess potential global supply chain effects of Covid-19 lockdowns, modelling the impact of lockdowns on 140 countries, including countries not directly affected by Covid-19.

Environment - Economics / Business - 05.05.2020
Green policies essential for UK’s economic recovery
Green policies such as increasing use of renewable energy and investing in electric vehicles should be at the heart of Government recovery plans after the Covid-19 crisis, according to a briefing paper co-authored by Professor Paul Ekins (UCL Institute for Sustainable Resources). The document, put together by the COP26 Universities Network of which UCL is a member, draws on new research assessing the economic and climate impact of taking a green route out of the crisis.

Economics / Business - 01.05.2020
Low income workers disproportionally affected by Covid-19
Low income workers in developing countries face a higher risk of income loss during the Covid-19 lockdown as it is less possible to conduct their jobs from home, suggests a new study from UCL, Bank of Thailand, Universidad Carlos III de Madrid and GRIPS, Tokyo. The study, published in  Covid Economics: Vetted and Real-Time Papers , used Thailand as a case study but the findings are highly relevant for other countries with similar labour market structures - specifically, those with a large share of self-employment and low social safety net.

Health - Economics / Business - 29.04.2020
Economic damage could be worse without lockdown and social distancing - study
Economic damage could be worse without lockdown and social distancing - study
The worst thing for the economy would be not acting at all to prevent disease spread, followed by too short a lockdown, according to research based on US data. Taking no action is unacceptable from public health perspective, and extremely risky from an economic perspective Giancarlo Corsetti There is much debate over the economic costs of our lockdown lives: whether the price of disease mitigation is worth the risk of an enduring financial crisis.

Economics / Business - 21.04.2020
Women bear brunt of coronavirus economic shutdown in UK and US
Women bear brunt of coronavirus economic shutdown in UK and US
New data shows women and people who did not go to university are more likely to have lost work and earnings since mid-March. Of all those still employed, 32% of people in the UK and 37% of people in the US believe they will lose their jobs in the next few months Christopher Rauh Women on both sides of the Atlantic are more likely to have lost their jobs or suffered a fall in earnings since the coronavirus pandemic took hold - even after accounting for differences in types of occupation, a new study suggests.

Economics / Business - 21.04.2020
Women are bearing brunt of coronavirus economic shutdown in UK and US
Women are bearing brunt of coronavirus economic shutdown in UK and US
Researchers find a gender gap in job loss probabilities even after controlling for education and occupation type. They also find a gender gap in hours of childcare during the pandemic.  Of all those still employed, 32% of people in the UK and 37% of people in the US believe they will lose their jobs in the next few months Christopher Rauh Women on both sides of the Atlantic are more likely to have lost their jobs or suffered a fall in earnings since the coronavirus pandemic took hold - even after accounting for differences in types of occupation, a new study suggests.

Economics / Business - Health - 15.04.2020
Economic activity has halved during Spain's coronavirus lockdown
Economic activity has halved during Spain’s coronavirus lockdown
Almost one and a half billion spending transactions reveal "real time" reactions of consumers in a major western economy during the nation's peak pandemic period.  Within a big city, inequality in disease burden appears to be linked to inequality in economic burden Vasco Carvalho A new analysis of 1.4 billion credit and debit card transactions during the first three months of 2020 show that spending in Spain post-lockdown was an average of 49% lower than the same date the previous year.

Health - Economics / Business - 03.04.2020
Younger workers hit harder by coronavirus economic shock in UK and US
Younger workers hit harder by coronavirus economic shock in UK and US
In addition, those on low incomes are more likely to have lost jobs or pay, and less able to complete work tasks from home. Researchers warn the COVID-19 downturn is likely to "increase inequality between young and old". The immediate impact of the coronavirus downturn on workers has been large and unequal Christopher Rauh Workers under the age of thirty, as well as those on lower incomes, on both sides of the Atlantic are already bearing the brunt of the economic shutdown caused by the COVID-19 pandemic, latest research finds.

Health - Economics / Business - 03.04.2020
Workers under 30 hit harder by coronavirus economic shock in UK and US
Workers under 30 hit harder by coronavirus economic shock in UK and US
In addition, those on low incomes are more likely to have lost jobs or pay, and less able to complete work tasks from home. Researchers warn the COVID-19 downturn is likely to "increase inequality between young and old". The immediate impact of the coronavirus downturn on workers has been large and unequal Christopher Rauh Workers under the age of thirty, as well as those on lower incomes, on both sides of the Atlantic are already bearing the brunt of the economic shutdown caused by the COVID-19 pandemic, latest research finds.

Economics / Business - 24.03.2020
Countries with weaker handwashing culture more exposed to COVID-19
Countries where people do not have a habit of washing their hands automatically tend to have a much higher exposure to coronavirus, a new study reveals. University of Birmingham researchers have discovered that at least 50% of people do not have a habit of automatic handwashing after using the toilet in China (77%), Japan (70%), South Korea (61%) and the Netherlands (50%).

Economics / Business - 19.03.2020
New insights into US flood vulnerability revealed from flood insurance big data
Instead, building damage at a given flood depth is highly variable and can be characterized by a beta distribution. When calculating flood risk - that is, translating modelled representations of the physical of phenomenon of flooding to its impacts - it is common to apply a 'depth-damage function' or curve, which relates a given water depth to a proportional building loss (for example one metre of water equals 50 per cent loss of building value).

Career - Economics / Business - 18.02.2020
German minimum wage drove workers to more productive firms
The introduction of the minimum wage for the first time in Germany in 2015 drove workers from smaller to larger and more productive businesses that pay higher wages, according to a UCL and Institute for Employment Research (IAB) Nuremberg study. The study, published as a CReAM discussion paper, is the most comprehensive analysis of the wider implications of Germany's minimum wage policy.

Religions - Economics / Business - 07.01.2020
Not tonight boys; how Papal visits could leave Italian men out of luck for more than a year
A visit by the Pope can renew sufficient religious observance among Italian women to withhold sex from their partners for more than a year afterwards, a new University of Sussex study shows. Papal visits to Italian provinces lead to a subsequent decrease in abortions of up to 20% with its impact felt for up to 14 months after, new research by economists Dr Vikram Pathania and Dr Egidio Farina has revealed.

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