Behavioral Economics

The intersection of psychology and economics, behavioral economics looks at human tendencies that involve biology and culture when predicting and explaining economic decision-making.

A Surprising Connection Between Tennessee and the Affordable Care Act

There is probably a tradeoff between health insurance and the demand for jobs. During 2005 in Tennessee, the demand for jobs increased when 170,000 people lost their Medicaid health insurance coverage. Researchers call that jobs/health insurance tie, the “employment lock.” Looking at…

The Reason That Certain Quarterbacks Earn More

A 3.2 difference in a facial symmetry score can mean an extra $378,000 in  pay for a quarterback. According to research from economist David Berri on salaries from 1995-2009, if a quarterback is better looking, his salary will exceed others…

Why Do Young Adults Live With Their Parents?

In Slovakia, Bulgaria, Greece, Malta and Italy, young people, age 25-34, live with their parents. But not in Denmark, Finland Sweden, and Norway. Below you can see the country stats: The Reasons Pew Research provided some insight about multigenerational U.S. households. In 2012, returning…

Have We Halved the Deficit?

In the State-of-the-Union, President Obama said, “Our deficits–cut by more than half.” Looking at the federal deficit as a percent of GDP, we can say that the deficit is much lower than 4 years ago. BUT… The deficit was an unusually…

The Trade-Offs of Prolonging Life

From guest blogger, Mariana Do Carmo, student at Yale University. What if prolonging life results in prolonging not only your suffering but also that of others? The recent development of universal health care in the United States will make it…

The Green Blog: Why Japan Might Face a Demographic Crisis

By Madeleine Vance, guest blogger and student at Kent Place School. As of late, younger Japanese citizens are choosing to live the single life rather than get married. But why? Seven years ago, Japan’s population climaxed at 128 million, but…

Marrying Up in China

“There is an opinion that A quality guys will find B quality women, B  quality guys will find C quality women, and C quality men will find D quality women…The people left are A quality women and D quality men.” Huang Yuanyuan, commenting on marriage in China…

The Invention That Started to Close the Gender Gap

Worrying that labor saving devices would replace her, Downton Abbey’s cook, Mrs. Patmore, was not pleased with the new electric mixer that arrived in her kitchen in 1922. By contrast, if Edith does move out of Downton Abbey into more…

Do You Live in a Popular State?

Listening to Bloomberg news the other morning, I heard that Atlas Van Lines just came out with their annual migration study. The radio report said New Jersey had the most departures while Oregon had the arrivals. (No, people from NJ…

Income Inequality Questions

Seeing economists Emmanuel Saez and Thomas Piketty’s favorite graph of the year at Ezra Klein’s Wonkblog, I thought of Benoit Mandelbrot. The father of fractal geometry, Dr. Mandelbrot told us that the closer you look, the more you see. From a…