Home inequity: Study finds income, job rut for millions in U.S.

Home inequity: Study finds income, job rut for millions in U.S.

At a time when evictions and mortgage defaults have been likened to an oncoming tsunami across America, a big-data study of loan-to-value ratios in the wake of the 2007-08 recession carries a cautionary forecast for vexing economic weather ahead: The higher a worker’s outstanding mortgage relative to their home value, the worse their future income growth and job mobility.

Elfenbein, Bottom receive award for paper

A paper by Olin Business School’s Hillary Anger Elfenbein and Bill Bottom, along with then-doctoral candidate Daisung Jang, recently was awarded the International Association for Conflict Management Article of the Year for 2018.
Having a higher purpose promotes happiness, lowers stress, survey finds

Having a higher purpose promotes happiness, lowers stress, survey finds

Having a personal higher purpose promotes well-being, more happiness and even lower stress from the COVID-19 pandemic, according to findings from a new survey by two Washington University in St. Louis researchers from Olin Business School. Also, employees of organizations with higher-purpose statements are happier and prouder of their organizations than are employees at workplaces without a statement, the results show.
Supply chain works better if you previously worked, studied together

Supply chain works better if you previously worked, studied together

Xiumin Martin from the Olin Business School at Washington University in St. Louis was among four researchers who crunched data to find that personal connections between suppliers and vendors particularly improves the efficiency of the supply chain. To be precise, such rapport results in better overall performance, less restrictive and longer-lasting contract terms, and crystallized communication.
How businesses can win more customers by influencing your friends

How businesses can win more customers by influencing your friends

New research shows marketers could win more customers by offering financial incentives to customers’ friends — providing a reputational boost to customers — than “selfish” financial incentives to customers. A Washington University in St. Louis marketing professor was a co-author on the study.
CFPB, despite ruling, will blow with presidential wind

CFPB, despite ruling, will blow with presidential wind

A U.S. Supreme Court ruling June 29 won’t alter the fledgling Consumer Financial Protection Bureau because it already morphed during the first decade of its existence to where it falls under the philosophical whim of each presidential administration, says an Olin Business School scientist at Washington University in St. Louis.
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