Creative Destruction or Just a Reshuffle? Turnover Among Businesses and Jobs in South Africa
ABSTRACT The concept of creative destruction emphasizes how the turnover of businesses and workers drives innovation, productivity gains and aggregate economic growth, even as individual firms and employees experience disruption. This article leverages administrative tax data for South Africa that measures flows rather than stocks, enabling a dynamic ...
Justin Visagie, Ivan Turok, Andrew Nell
wiley +1 more source
Speed of Adjustment in Digital Assets in a Decentralized Financial World
ABSTRACT This paper investigates the stability and co‐movement of cryptocurrency assets in Decentralized Finance (DeFi), with a focus on the Speed of Adjustment (SA), the rate at which shocks dissipate, and prices revert to long‐run equilibrium. SA provides a critical measure of market efficiency and portfolio allocation in a highly volatile DeFi ...
Jeremy Eng‐Tuck Cheah +3 more
wiley +1 more source
The mediating effect of self-perceived aging on social capital and depression among Chinese community-dwelling older adult: a cross-sectional study. [PDF]
Ye Y +5 more
europepmc +1 more source
Portfolio Optimization for Pension Purposes: Literature Review
ABSTRACT This systematic review identifies persistent challenges and gaps in the literature on pension portfolio optimization models. We searched, selected, and critically analyzed 82 articles from three major academic databases published over the past decade to investigate the barriers to the effective implementation of these models.
Leonardo Moreira +2 more
wiley +1 more source
Assessing the Level and Determinants of Active Aging in China: An LDA-Based Topic Modeling Approach. [PDF]
Tao C, Deng R.
europepmc +1 more source
Understanding UK Productivity Using a Macroeconomic Lens
ABSTRACT We survey UK labor productivity over the long run, comparing it with other advanced economies, and focus on the sharp slowdown since the global financial crisis. Using a growth accounting framework, we highlight the primary role of total factor productivity (TFP), while noting that the contribution of capital shallowing is influenced by ...
Jagjit S. Chadha, Issam Samiri
wiley +1 more source
A systems approach to sustainable finance: Actors, influence mechanisms, and potentially virtuous cycles of sustainability. [PDF]
Crona B +6 more
europepmc +1 more source
Models in Decision‐Making Under Risk and Uncertainty
ABSTRACT This paper systematically compares dominant frameworks for modeling decision‐making under risk and uncertainty, evaluating their theoretical trade‐offs and practical relevance for economic research. We establish key criteria for model selection—including predictive accuracy, descriptive realism, computational tractability, and ecological ...
Martin Höppner
wiley +1 more source
Sick leave patterns before and after commencement of psychological therapy among individuals with common mental disorders: a register-based, quasi-experimental study. [PDF]
Cullen AE +6 more
europepmc +1 more source
Does Performance Pay Increase the Risk of Worker Loneliness?
ABSTRACT Increased wages and productivity associated with performance pay can be beneficial to both employers and employees. However, performance pay can also entail unintended consequences for workers' well‐being. This study is the first to systematically examine the association between performance pay and loneliness, a significant policy‐relevant ...
Mehrzad B. Baktash
wiley +1 more source

