During the XVIII Biennial Conference of the European Association of Comparative Economics (EACES) in Belgrade, two senior members of ISET faculty, Norberto Pignatti and Karine Torosyan, have been elected President and Secretary of the Association, respectively, for the 2024-2026 term. ISET congratulates them on this professional achievement and wishes them continued success in both EACES and their work at ISET.

EACES was founded in Verona, Italy, in September 1990 during an international conference attended by 160 economists from 24 countries, all conducting research in Comparative Economics. The Association was established to promote research and scientific exchanges in this field. Today, EACES has grown to over 400 members, including nine institutional members.

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A new paper written by Associate Professors Karine Torosyan and Norberto Pignatti has just been published in the Journal of Happiness Studies.

The paper, titled Employment Versus Home-Stay and the Happiness of Women in the South Caucasus, explores the happiness gap between housewives and working women in the South-Caucasus, assessing the potential role of cultural and ethnic effects as opposed to that of institutional factors.

The paper findings suggest that observed differences across the three South-Caucasus countries might be due more to differences in institutional factors than to cultural and ethnic differences.

Here is a link to the paper. An earlier – working paper – version of the paper can be found here.

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How to Ask and Answer Good Questions Using Economics?

You thought you knew the answers

ISET – International School of Economics at TSU (ISET) is pleased to offer a unique training opportunity in economics for evolving professionals - four practical workshops in four different economic topics, free of charge. The workshops will be delivered online, in English by ISET’s senior faculty members, PhD Economists of the top western universities.

Who can apply: 4th year university students and evolving professionals holding BA or higher degree in any field.

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ISET would like to heartily congratulate resident faculty members Norberto Pignatti and Karine Torosyan on the publication of a new article, “Patience, Cognitive Abilities, and Cognitive Effort: Survey and Experimental Evidence From a Developing Country” in American Behavioral Scientist [NOTE: those unable to access the published version can find the latest version of the working paper here].

In the piece, the authors examine the relationship between patience and various measures of cognitive ability, as taken from a sample of 107 participants drawn from the adult population in Tbilisi. The paper sheds light on the relationship between cognition and patience by documenting that the correlation between cognitive abilities and delay discounting is weaker for the same group of individuals if the choices are incentivized. The authors speculate that higher cognitive effort, which induces higher involvement of the cognitive system, moderates the relationship between patience and cognition.

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