Category: Daily Life Economics
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Why do professional football players earn more than nurses?
On the 31st of March, we were invited as panellist to discuss the Economics of Football an event organised in collaboration with the University of Manchester, the Bank of England, Discover Economics and the Financial Times Financial Literacy and Inclusion Campaign. During the session, Sofia discussed how football can be used to understand key economic…
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The Economics of Political Leadership Contests
Over the last few days, speculation about the future leadership of the Labour Party has started to appear more frequently in newspapers, political commentary, and social media discussions. To be clear, Keir Starmer has not resigned, and this is still only speculation. But in economics, speculation itself can be extremely powerful. The moment markets, firms,…
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The Devil Wears Prada 2 and the Economics of a Blockbuster
Tonight, I (Sofia) am going to the cinema with a friend to watch The Devil Wears Prada 2, and I am genuinely looking forward to it. Like many people, I loved the original film, which was based on the bestselling novel written by Lauren Weisberger (did you know she wrote the book after working for…
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Living longer is not enough: why healthy years matter
“Our health system is the best in the world” This is a sentence you may recognise. Depending on where you are from, you may have heard a version of it from politicians, newspapers, relatives, neighbours, or even yourself. And if you have travelled, lived abroad, or married into another culture, you will know that many…
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Running a marathon is also about Economics
We are officially in the running season! Spring and early summer are when the majority of major running events take place. Perfect weather conditions allow runners (and spectators) to enjoy the race. But the insights go far beyond the finish line, and sports can reveal how we make decisions, respond to incentives, and behave under…
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Why the cost of living crises hits women harder
This Wednesday we had the honour of presenting as guest speakers at the first international conference on women, war, and economic crisis hosted at the University of Lahore. Our presentation focused on the UK. As a consequence of recent geopolitical developments and different UK internal shocks, we are facing a cost-of-living crisis. Food prices are…
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Security or Adventure? A Economist’s Take on Risk Preferences
Everyone has that friend, the one who is always drawn to risky sports: climbing, skydiving, surfing big waves. You might even be that person! But for many of us, there’s a hesitation. We like the idea of it (the excitement, the experience, the story) but when it comes to actually doing it, something holds us…
Daily Life Economics 