While a misery index shows a nation’s inflation and unemployment rates, the eurozone’s high unemployment might create disproportionate unhappiness.
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.
Why There is Less Marriage
New attitudes that value marriage less and new economics through which women have more pay and education and men work less have changed marriage markets.
The Best Places For Growing Old
With populations growing older in the developed world, their wellbeing might affect the GDP growth rate because of the expense of their care.
The Unexpected Consequences of More Efficient Lighting
Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.
When Does Practice Really Matter?
Since education creates positive externalities that fuel economic growth, understanding how to develop expertise through human capital formation is crucial.
The Problems With College Ranking
Just like grading human capital, ranking college quality through a single number hides the subjectivity of the process.
When You Can Expect to Be Most Creative
Knowing about how and when creative people achieve optimal productivity is important because of the connection between human capital and economic growth.
The Nudge Toward a Goldilocks Savings Rate
We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.
Using Prediction Markets to Catch Match-Fixing at Wimbledon
When supply and demand in tennis match prediction markets created illogical prices, researchers said that 3 matches at Wimbledon might have been fixed.
Solving the Airplane Seat Problem
According to Ronald Coase, if reclining in an airline seat creates a negative externality, both parties can negotiate because the transaction costs are low.