Behavioral economics is the study of how individuals analyze economic choices and make decisions. It recognizes that they are not the rational, reasoned people described in classic supply-and-demand economic theory. Instead, because they are emotional and full of cognitive quirks, they do not weigh risk-and-reward issues very well.
"The goal of behavioral economics is to identify the various triggers that shift behavior and then use those triggers to create an environment that makes it easier for individuals to make healthy decisions," says Rick Leander, CEO of LFB Holdings, a behavioral insights consulting company in Winston-
Salem, North Carolina.
Many things are taking place:
Economics in Brief: Women Are Disappearing From the Workforce at a Concerning Rate – Next
Many working women have been pushed out of the workforce to care for children during the COVID-19 pandemic. ( Sabrinavfholder / nappy.co )
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More than 2.3 million women have left the workforce between February 2020 and January 2021, CNBC reports . That puts women's labor participation rate at 57%, the lowest it's been since 1988.
Most of the women who have left the workforce have been forced to do so because of the closures of schools and day-care centers. During this pandemic, in families with young children, the lower wage-earner typically bears the childcare burden. And in many two-income, heterosexual households, the woman earns less .
U.S. recovery on track, but jobs growth needs time-economists - The Economic Times
Friendly fire erupts as economists spar over U.S. stimulus | Reuters
WASHINGTON, Feb 12 (Reuters) - It's not surprising U.S. President Joe Biden's $1.9 trillion coronavirus emergency plan touched off concerns that a gusher of federal spending on the possible eve of a vaccine-fueled economic take-off might lead to inflation.
What is surprising is who is doing the fretting: Not debt-hawk Republicans but former Treasury secretary, Democratic stalwart and Harvard University professor Lawrence Summers, who in a recent Washington Post essay said the Biden plan could "set off inflationary pressures of a kind we have not seen in a generation ... Stimulus measures of the magnitude contemplated are steps into the unknown."
This may worth something:
Three ways the Biden administration can promote economic security for Black Americans
Forecasters Lift Expectations for 2021 Economic Growth - WSJ
Forecasters are increasingly optimistic about economic growth this year, though less so about the labor market's prospects, as it recovers from the effects of the coronavirus pandemic , a new Wall Street Journal survey shows.
Economists on average expected gross domestic product to expand nearly 4.9% this year, measured from the fourth quarter of the prior year, according to the business and academic economists surveyed in February, an improvement from their 4.3% forecast in January. They cited the distribution of Covid-19 vaccinations and the prospect of additional fiscal relief from Washington for the brightening outlook.
IGD - Economics bulletin 12 February
Your overview of political and economic news with a focus on the food and consumer goods industry, featuring the latest developments and guidance on COVID-19 and adapting to a new relationship with the EU.
The government is expected to introduce home testing in the next few weeks. It will be made available for employees of businesses where it is not practically possible to establish testing facilities and for those who do not have a regular place of work.
Premarket stocks: New coronavirus variants are threatening the world's economic recovery - CNN
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