{"title":"“Geopolitical crises and economic policy uncertainty: Time series analysis from the United States”","authors":"Isa Camyar , Bahar Ulupinar","doi":"10.1016/j.rie.2025.101061","DOIUrl":"10.1016/j.rie.2025.101061","url":null,"abstract":"<div><div>Economic policy uncertainty (EPU) is empirically associated with a variety of economic and financial outcomes. However, its sources remain understudied. In this study, we analyze the long-run and short-run impacts of geopolitical crises on EPU by using evidence from the United States (U.S.) for the period of 1985-2019. We present a time series analysis, specifically the autoregressive distributive lag model, on a monthly dataset with the indicators of EPU and geopolitical crises. We find that the impact of geopolitical crises on EPU is conditional and temporal, meaning that it is significant only if the U.S. is directly involved or an active participant in them and materializes over time.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101061"},"PeriodicalIF":1.2,"publicationDate":"2025-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144335751","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dream killer: Motivations behind illegal migration","authors":"Farid Makhlouf , Hammou El Otmany","doi":"10.1016/j.rie.2025.101063","DOIUrl":"10.1016/j.rie.2025.101063","url":null,"abstract":"<div><div>Illegal migration poses a significant challenge for both sides of the Mediterranean. To understand the motivation behind the intention to migrate illegally from Tunisia, this study, based on a survey conducted by the Arab Barometer in 2021, uses a two-stage Heckman model to control for selection bias and tests different factors such as education levels, social capital, and social networks. The findings show that a lack of education or a low level of education significantly increases the desire to go abroad even without the required documents. This statement is more strongly made by those with relatively low levels of social capital. In addition, social networks were identified as an essential factor in legal migration but do not explain illegal migration.</div><div>This study is therefore convinced that investment in education and social capital can be an effective tool in mitigating clandestine migration.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101063"},"PeriodicalIF":1.2,"publicationDate":"2025-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144314497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Artificial intelligence: Redefining the retirement pattern","authors":"Rosa Aísa, Josefina Cabeza","doi":"10.1016/j.rie.2025.101062","DOIUrl":"10.1016/j.rie.2025.101062","url":null,"abstract":"<div><div>An endogenous economic growth model is developed, where the decisions to use artificial intelligences (AIs) in the workplace and to extend working life are endogenous and interdependent. There are four sources of heterogeneity among workers: differences in initial productivity, variations in the aging process, restricted access to jobs with AI investment, and uneven impact of AIs among those who have access. It is shown that those who do not use AIs in their jobs maintain a traditional pattern of retirement, with the most educated and/or healthy among them extending their working lives. In contrast, the retirement pattern for AI-using workers changes, and it is the users who derive the most benefit from AIs who will extend their working lives. This is because AIs compensate for the skills that tend to deteriorate with age, thus allowing for greater permanence in the labour market.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101062"},"PeriodicalIF":1.2,"publicationDate":"2025-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144297690","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Costs of love: a constrained utility approach to marital decisions and family outcomes","authors":"Olatunji A. Shobande","doi":"10.1016/j.rie.2025.101064","DOIUrl":"10.1016/j.rie.2025.101064","url":null,"abstract":"<div><div>Marriage endures as a cornerstone of social life, but its modern practice reveals a fraught entanglement of romantic ideals, financial burdens, and entrenched cultural norms. Notably, the escalating cost of weddings imposes a disproportionate economic strain, often at odds with more substantive long-term aims such as child welfare, financial resilience, and domestic stability. This study explores how the rising cost of weddings intersects with emotional, economic, and sociocultural constraints to shape marital decisions and long-term household outcomes. It introduces a constrained intertemporal utility model that conceptualizes marriage as an optimization problem. The model incorporates an objective function focused on long-term household and child well-being, constrained by factors such as income, education, wealth, emotional attachment, divorce costs, child support obligations, family norms, and cultural pressures. The analysis yields eight key propositions. The analyses suggest that financial stress from lavish weddings, delayed educational investments, and external social pressures negatively affect marital satisfaction and child outcomes. Conversely, balanced financial planning and cultural alignment are associated with greater household stability. The model highlights how economic and social trade-offs at the point of marriage formation can have enduring consequences. Policy implications include the need for broader social awareness around the economic burden of weddings and more supportive frameworks for long-term family welfare.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101064"},"PeriodicalIF":1.2,"publicationDate":"2025-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144185693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Discrimination in access to sports associations: the effects of gender, origin and income","authors":"Denis Anne, Florian Moussi-Beylie","doi":"10.1016/j.rie.2025.101053","DOIUrl":"10.1016/j.rie.2025.101053","url":null,"abstract":"<div><div>This study employs the correspondence test method to investigate discrimination in access to sports clubs in France. This involves sending requests for information to sports clubs. Eight fictitious candidate profiles were created to assess three discrimination criteria: gender, ethnic origin, and income level. The profiles sent emails to 1,200 sports clubs, requesting information on access to training for four different sports, chosen for their highly gendered practices. The results demonstrate the absence of quantitative discrimination in three of the four sports tested. Nevertheless, there is a considerable disadvantage for the three criteria in horseback riding, a sport with considerably higher practice costs than the other disciplines under investigation. Furthermore, the content of the emails received suggests a preference for the reference candidate over the North African and opposite-sex candidates.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 2","pages":"Article 101053"},"PeriodicalIF":1.2,"publicationDate":"2025-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143881825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Interdependent cyber risk and the role of insurers","authors":"Ulrik Franke , Albina Orlando","doi":"10.1016/j.rie.2025.101059","DOIUrl":"10.1016/j.rie.2025.101059","url":null,"abstract":"<div><div>Increasing use of new digital services offers tremendous opportunities for modern society, but also entails new risks. One tool for managing cyber risk is cyber insurance. While cyber insurance has attracted much attention and optimism, interdependent cyber risks and lack of actuarial data have prompted some insurers to adopt a more proactive role, not only insuring losses but also assisting clients with preventive work such as managed detection and response solutions, i.e., investments in their own cybersecurity. The purpose of this paper is to propose and theoretically investigate yet a further extension of this role, where insurers facilitate security investments between interdependent firms, which get the opportunity to invest a share of their insurance premiums to improve the security of each other. It is demonstrated that if insurers can facilitate such investments, then under common theoretical assumptions this can make a positive contribution to overall welfare. The paper is concluded by a discussion of the relevance and applicability of this theoretical contribution in practice.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101059"},"PeriodicalIF":1.2,"publicationDate":"2025-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143738962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does geopolitical distress tip the European financial stock markets into a great uncertainty regime?","authors":"David Neto","doi":"10.1016/j.rie.2025.101052","DOIUrl":"10.1016/j.rie.2025.101052","url":null,"abstract":"<div><div>This paper aims to explore the role of geopolitical risk on the probability of falling into a high regime of financial uncertainty in Europe. To this end, a Markov-switching model with time-varying transition probabilities (TVP) is estimated for the EURO STOXX 50 volatility index, which serves as a proxy for financial uncertainty in European stock markets. Unlike the commonly used fixed transition probability models, the TVP specification allows the transition probabilities between states to depend on explanatory variables, which in this context are geopolitical risk factors. The results highlight a moderate and asymmetric effect of geopolitical risk on financial uncertainty. Specifically, while geopolitical risk appears to trigger surges in uncertainty, it does not seem to contribute to their reduction.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101052"},"PeriodicalIF":1.2,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143726125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Revisiting productivity growth accounting decompositions","authors":"Filippo Massari","doi":"10.1016/j.rie.2025.101055","DOIUrl":"10.1016/j.rie.2025.101055","url":null,"abstract":"<div><div>This paper proposes a modification to popular productivity growth accounting decompositions useful for calibrating endogenous growth models. Specifically, the within-firm component is further decomposed to show the covariance of firms’ productivity growth rates and relative levels. This moment provides information about the systematic churning within the relative productivity distribution that, in endogenous growth models, stems from firms’ investment behavior, thus affecting aggregate income growth. This decomposition allows assessing modeling assumptions and quantifying parameters that introduce or affect differential incentives to grow across firms.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101055"},"PeriodicalIF":1.2,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143725535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ESG disclosure and labour investment efficiency","authors":"Paulo Pereira da Silva , Isabel Vieira","doi":"10.1016/j.rie.2025.101060","DOIUrl":"10.1016/j.rie.2025.101060","url":null,"abstract":"<div><div>This study examines the impact of environmental, social and governance (ESG) disclosure on firms’ labour investment efficiency. Our results indicate that such impact is positive. ESG disclosure is more effective in curtailing over-hiring and when over-investment in physical capital is high. The uncovered positive association is mainly fuelled by the volume of social and governance disclosure (environmental disclosure barely affects labour investment efficiency), and is more pronounced for firms with a weaker corporate social responsibility performance. The results from the empirical analysis survive a battery of robustness tests, including the use of alternative measures to capture labour investment efficiency, different control variables in regression models, and controlling for endogeneity in ESG disclosure. Our analysis and findings are novel to the literature and contribute to ongoing debates about the impact of ESG disclosure on firms’ performance and about potential benefits and costs of mandatory disclosure.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101060"},"PeriodicalIF":1.2,"publicationDate":"2025-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143748641","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Unveiling how blockchain-based internal auditing practices impact SDG 8 achievement? Mediating role of digital green corporate social responsibility","authors":"Pham Quang Huy, Vu Kien Phuc","doi":"10.1016/j.rie.2025.101057","DOIUrl":"10.1016/j.rie.2025.101057","url":null,"abstract":"<div><div>This research aims to assess the critical function of Blockchain-based internal auditing practices (BBIAP) in relation to Sustainable Development Goal 8 achievement (SDG8A) by investigating the mediating influence of digital green corporate social responsibility (DGCSR) within the framework of an emerging nation. Partial least squares structural equation modeling was employed to analyze a sample of 614 participants from public sector organizations. The findings indicate that BBIAP substantially affects SDG8A. Furthermore, DGCSR partially mediates the relationship between BBIAP and SDG8A. This study's findings provide organizations with insights to enhance their internal auditing practices, thereby advancing corporate social responsibility and the attainment of sustainable development goals in organizational operation.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101057"},"PeriodicalIF":1.2,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143735027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}