Business News
Did generative AI derail the job market for recent college graduates?
Despite fears that artificial intelligence would freeze entry-level hiring, federal labor data shows that recent college graduates experienced normal seasonal unemployment rates through the summer of 2026, with remote work presenting a more measurable hurdle.
Can rebuilding blighted lots pay for itself? Savannah’s two-decade record suggests yes
Two decades of housing data from Savannah, Georgia, show that replacing blighted lots with affordable homes boosts neighboring property values by up to 35 percent, provided cities concentrate their investments on specific blocks.
How personality traits help graduates avoid the overeducation trap
A new study exploring the Chinese labor market finds that non-cognitive skills like extraversion and agreeableness help workers avoid roles that do not require their level of education.
The unintended consequences of international aid on bank stability
New research shows that international financial aid intended to strengthen developing economies is linked to an increase in bad bank loans. The influx of capital often leads to relaxed regulations, encouraging risky lending that undermines bank stability.
Why the same risk carries different prices in different financial markets
Finance theory suggests that stocks, corporate bonds, and options share common risks. A new working paper identifies ten risk factors linking these markets and reveals how differing risk premiums create distinct boundaries between the asset classes.
The geopolitics of gold: How sanction risks are reshaping global reserves
A new economic model and data analysis show that rising geopolitical tensions prompt some central banks to trade the liquidity of US Treasury bonds for the political safety of physical gold.
The hidden cost of a mansion tax: How Los Angeles may be losing much of what it collects
Los Angeles taxed pricey property sales to fund housing. New research finds the tax cut sales roughly in half, quietly erasing about 80 percent of the revenue through lost future property taxes.
When doing good becomes a cost: India’s CSR mandate and the hidden hit to stock returns
A study of 2,017 Indian companies finds that firms forced to spend on CSR under a 2014 mandate saw stock returns fall relative to unaffected firms, with spending more than required offering no reward.
When central bank bond-buying pays for itself: A new look at QE’s fiscal scorecard
An IMF team's model finds quantitative easing typically improves the government's overall fiscal position, even when central banks take large losses on their bond portfolios. But QE looks riskier in shallow downturns than in deep ones.
How China’s bullet trains quietly fueled its electric car boom
A new study finds that China's high-speed rail network may explain up to a third of the country's electric vehicle boom, by easing the fear of running out of charge on long trips.