Households

February 19, 2015

Part 1: What To Do When More People Are Old

As population shifts, developed nations will have redistribution decisions as the proportion of the non-working aged and the young need more labor income.

January 27, 2015

The Reason It Can Be Tough to Cross the Street

Called the American Dream, the income mobility that lifts a child beyond a parent's poverty can depend on a community's characteristics.

January 20, 2015

How Chocolate Chip Cookies Explain Why We Save Less

Explained by behavioral economics, we save relatively little for retirement because of intertemporal selfishness and seeing our future selves as strangers.

January 15, 2015

A Mystery: Trying to Find the Middle Class

While everyone refers to the middle class and most of us say we are in the middle class, few know the characteristics of the group to which they refer.

January 9, 2015

How Men Act When They Outnumber Women

How gender ratios in the U.S. and China affect men's financial behavior can be explained with supply and demand and behavioral economics from Gary Becker.

January 8, 2015

Understanding a New Tax Issue

With the House requiring dynamic scoring of tax legislation from the CBO, the bigger tax debate resurfaces on how much redistribution and spending.

January 4, 2015

What a Blind Taste Test Showed About Beer

Behavioral economic ideas show that product differentiation and consumer preference are more from branding than the taste of colas or beers.

December 16, 2014

Why Academy Award Winners Might Live Longer

Relating income inequality to the stress felt by low status Bolivian Tsimane men and academy award losers, researchers said that stress that harms health.

November 7, 2014

Four Ways to Understand Marijuana Demand

With an increasing number of states legalizing marijuana, demand is shifting because of changes in utility, complementary products and the number of buyers.

October 26, 2014

An Economist’s Definition of Misery

While a misery index shows a nation's inflation and unemployment rates, the eurozone's high unemployment might create disproportionate unhappiness.

October 21, 2014

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.

October 16, 2014

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.