When a German bookstore closes, monthly print sales drop by about 744 copies, and online retailers do not pick up the slack. A new study finds physical and digital book channels are imperfect substitutes.
A study of Italy's 20 regions finds that higher income inequality is linked to lower attendance at theaters, concerts, and museums, even after accounting for how much money people earn.
A national Norwegian study followed more than 10,000 students and found that persistent money troubles predicted depression a year later, though much of the link was tied to distress students already carried.
A study of 6,024 Canadian manufacturers finds that importing cheap components from low-wage countries was linked to a 15 percent drop in research spending, as cheaper old products dulled the incentive to develop new ones.
When 2,400 New York artists received $1,000 a month with no strings attached, they spent more hours on creative work and fewer on outside jobs, even as their market earnings fell. A look at what the experiment revealed.
A Harvard economist used the rapid uptake of GLP-1 weight-loss drugs to ask where body weight matters for women. The answer, her analysis suggests, is mostly at first impressions: new relationships and new jobs.
A new analysis of Census data finds that places good for adult careers tend to be worse for children's long-run prospects, a tradeoff tied closely to city size and how connected a community is.
A new study tracking 3.4 million families finds that the geography of wealth mobility looks different from the familiar income map, with big cities showing stronger handoffs of housing wealth across generations.
A new study of 3.4 million families finds that housing wealth passes down across generations more reliably than income, with the Black-White gap widening sharply among wealthier families and much of the transfer happening outside the job market.
New research tracking thousands of German students finds that children from wealthier, better-educated families grow slightly faster and end up about 1.2 to 1.3 centimeters taller by age 19.
Science of Money is part of the PsyPost Media Inc. network.