The better off sleep better

Analysis of the early data from Understanding Society based on 14,000 UK households found that overall the best sleep was reported by people with higher levels of education and by married people. The type of work a person does also impacts on sleep…

Why do firms raise prices more readily than reducing them?

Chancellors and central bankers face a perennial headache: booms typically cause inflation, while recessions mainly reduce output without reducing prices or inflation. New research helps explains how this problem emerges through the phenomenon of ‘asymmetric price adjustment’ ? the fact that firms are far quicker to increase prices than to cut them.