UK Economy

The negativity bias in news about how public money is used affects our willingness to pay taxes

Posted on 3 December 2021 by Tommaso Reggiani

To meet the public’s preference for negative content. the media tend to overreport negative news. Miloš Fišar, Tommaso Reggiani, Fabio Sabatini, and Jiří Špalek write that this negativity bias in the coverage of economic policy issues decreases tax compliance. Conversely, when people are exposed to authentic information about the appropriate use of tax revenues, compliance increases significantly.  Why do we pay
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Intergenerational precautionary savings in Europe

Posted on 18 October 2021 by Serena Trucchi

The extended family can act as an insurance tool against adverse events. In our latest post, Francesco Scervini and Serena Trucchi document a new channel for saving, namely the effect of uncertainty in the offspring’s income on parental savings and illustrate its role in the framework of the COVID-19 outbreak. During the COVID-19 pandemic, household
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Make capital work for us!

Posted on 5 November 2019 by Jonathan Preminger

In our latest post, Dr Jonathan Preminger and Dr Guy Major make a real-world proposal for gradual transformation of the economy. They argue that employee ownership is crucial for economic democracy, in a climate where worker-controlled firms can struggle to raise needed funds. In response to growing popular discontent with traditional shareholder capitalism that works
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