Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – June 5, 2015

Twice as nice?

Twice as nice?

A $4 buffet may not taste as good as the same food at an $8 buffet, according to a US survey of 139 people at an all-you-can-eat pizza joint. Researchers explored price versus enjoyment, finding that diners rated the pizza as less tasty if they paid $4 – although it was the same food. They also enjoyed the food less as they ate more of it. "Among those who paid $8 for their buffet, not only were the ratings significantly higher, but they did not decay much over the first three pieces of pizza," the authors added.

Location lock-in

Location lock-in

Home ownership can make it harder to relocate but may not affect job possibilities much overall. That’s from a paper looking at newly unemployed people in Germany, their job searches and their period of unemployment. "Although the re-employment probability in the short run is slightly lower, we find that after one year home-owning unemployed have found better jobs, in terms of wages and job satisfaction, than their renting counterparts," the authors wrote.

If you will I must

If you will I must

People may work longer hours to signal a competitive edge – and are less happy if their peers appear to be working even longer hours than they are, a study of Dutch men suggests. Practices go beyond matching colleagues’ working hours to arriving earlier than everyone, appearing busy and leaving later. These are ways of trying to appear a better, more useful worker but may ultimately be more about status and winning, the paper suggests.

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Ian Bright
Ian Bright

Senior economist at ING
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