Archive for the ‘Economics’ Category

Upside of Irrationality: Chapter 8

October 1, 2011 Leave a comment
Categories: Economics, Video

Do Happier Employees Give Companies Better Returns?

September 18, 2011 Leave a comment

Corporations listed in Fortune’s “100 Best Companies to Work For in America” had equity returns that were 3.5% per year higher than those of their peers, indicating that employee satisfaction correlates positively with shareholder returns, says Alex Edmans of the Wharton School.

via Do happier employees give companies better returns? – Barking up the wrong tree.

Dan Ariely » Blog Archive Upside of Irrationality: Chapter 7 «

September 11, 2011 Leave a comment
Categories: Economics, Video

Local Hiring May Be On The Uptick

August 31, 2011 Leave a comment

Some employers are replacing summer help; others are ramping up for the fall.

Gretchen Strouphar, branch manager of Manpower Inc., Sinking Spring, said: “The summer help is gone. We are very happy to know that many of our clients are looking at replacing summer help in the manufacturing and production.

“It’s not a huge uptick in business, but it remains steady. I don’t recall clients wanting to replace students one-for-one in the past.”

via Reading Eagle – Local hiring may be on the uptick

Jobless Rates for July Mixed

August 30, 2011 Leave a comment

Unemployment in Reading decreased in July to 12.8 percent, down from a revised 12.9 percent for June, while Berks County’s increased to 8.3 percent, according to statistics provided today by the state Department of Labor and Industry.

The seasonally adjusted county jobless rate rose 0.3 percentage points from the 8.0 percent reported in June and dropped 0.9 percent from July 2010.

In the city, the unemployment rate was down from 13.3 percent a year earlier. This rate is not seasonally adjusted.

In July, Reading’s unemployment rate dropped to the fourth-highest among the state’s 80 largest municipalities.

via Reading Eagle – Jobless rates mixed in July

Dan Ariely » Asking the Right and Wrong Questions «

August 30, 2011 Leave a comment

From a behavioral economics point of view, the field of financial advice is quite strange and not very useful.

Read the rest at Dan Ariely » Asking the right and wrong questions «.

Dan Ariely » Blog Archive Upside of Irrationality: Chapter 6 «

August 25, 2011 Leave a comment
Categories: Economics

Berks Youths Face Bleak Job Prospects

August 16, 2011 Leave a comment

In the season in which people ages 16 to 24 traditionally rake in cash for the school year, the struggling economy has presented a tough obstacle.

Young Pennsylvania workers in that age group account for 25 percent of the unemployed, but only 13 percent of the employed, according to a profile of Pennsylvania’s unemployed by the state Department of Labor and Industry.

And those young people lucky enough to find jobs can expect to start at a lower salary, according to the department.

via Reading Eagle – Berks youths singing summertime blues over bleak job prospects.

Why Bonuses Do Not Improve Performance

August 15, 2011 Leave a comment

A new paper by Mike Norton and his collaborators sheds a very interesting light on the ways that organizations should use money to motivate their employees, boost morale and improve performance – benefiting both employees and their organizations. The researchers looks at a few ways that money can be spent and how that affects outcomes such as employee wellbeing, job satisfaction and actual job performance. Specifically, they examine the effect of prosocial incentives, where people spend money on others rather than themselves, and they find that there are many benefits to spending money on others think about the inherent joy of gift-giving.

Read the full article at Dan Ariely » Better and more Social Bonuses «.

Categories: Economics

Foreclosures Fall in Berks County

August 12, 2011 Leave a comment

The number of foreclosure filings in Berks County plummeted to 57 for July, a 55 percent decline from the 128 reported in July 2010 and an 8 percent dip from June’s number of 62.

In fact, July’s number was the lowest in newspaper records of foreclosure filings dating to 2007 – the beginning of the mortgage meltdown.

The data released by the Berks prothonotary’s office show an improvement in this local economic statistic, but some wonder whether the trend is permanent.

via Reading Eagle – Foreclosures fall in Berks County.