Posts Tagged: economics

For Americans, understanding money eases old age anxiety

For Americans, understanding money eases old age anxiety

  A new household economics study from Hiroshima University suggests that financially literate people are more capable of accumulating wealth and worrying less about life in old age. This study is the first of its kind to examine how financial literacy influences anxiety about life in old age in the United States. “Anxiety is bad for one’s health, and it is bad for the economy,” Yoshihiko Kadoya said. Kadoya, Associate Professor of Health Economics at Hiroshima University, is the primary author of this study. Indeed, nearly 75 percent of Americans report feeling anxious about old age. “If you have a high level of anxiety about the future, you tend to… Read more

New approach allows better modelling of crucial economic activities over time

New approach allows better modelling of crucial economic activities over time

  Researchers in Japan and the UK and USA have developed a better method for modelling important kinds of economic data that may be useful for studying workforces, economic development, health, macroeconomics and other phenomena that vary over time. Dr. Kazuhiko Hayakawa from Hiroshima University and Professor M. Hashem Pesaran from the Trinity College of Cambridge and the University of Southern California present their new and improved approach in the Journal of Econometrics. The new method improves existing techniques for modelling the kind of data that economists call “panel data”, which comes from observing individuals, states, countries, firms and so on, over multiple time periods. Because panel data include observations of… Read more