Gary Becker image courtesy of University of Chicago. All too often, if you say you are looking at the economics of the family, people assume you are talking about money. Nobel Laureate Gary Becker, who died this week (1930-2014), changed…
Surprising Hand-To-Mouth Households
Close to one third of all households (38 million) in the US live hand-to-mouth. Like me, perhaps you have always assumed that a hand-to-mouth (HtM) household is low income. Spending all disposable income each week, the hand-to-mouth household is unable…
How To Divide the Rent, a Cake and a Country
Assume for a moment that you have just rented a 4th floor walk-up apartment for $3000 with 2 friends. One bedroom is mid-sized and near a fire escape, the second is rather large and has a view of a magnificent…
Your “ROI” From Braces
Dear Alexa, At work, I have become ashamed of my less-than-perfect smile since I am surrounded by colleagues who had the luxury of wearing braces in their youth. Should I get braces to perfect my smile, even though I am…
Why Do We Need More King Peggys?
Our Monday Gender Issue: Having a woman as the king of an African fishing village can make a big difference. During 2008, a secretary who works at Ghana’s Washington DC embassy got a middle of the night call at her…
Which Countries Want You to Have a Baby?
It is a recipe for demographic disaster when you have too many old people and not enough babies. The problem is the size of the working age population. When countries like the US are affluent enough to provide support to…
China’s Demographic Flipflop
The wait list for the most popular retirement home in China has topped 10,000. With 1100 available beds and just 11 beds emptying annually, it could take 100 years for someone to get a spot. Part of the problem is…
How To Cope With (Water) Stress
Being water stressed means you are unusually vulnerable to a water shortage. Sort of like a household where one emergency can push it over the edge because it spends all it earns, so too with most water stressed nations. That one drought…
Gender Issues: What If We No Longer Said “He” and “She”?
Our Monday Gender Issue: In the February 10th issue of the New Yorker, I read “Pronoun Envy” by Anne Carson. Here is the beginning: Pronoun Envy “is a phrase coined by Cal Watkins of the Harvard Linguistics Department in November…
One Reason That Quitting is Good
I have read that Fed Chair Janet Yellen is particularly interested in JOLTS. Representing Job Openings and Labor market Turnover Survey, JOLTS data tell an interesting story. You can see how the trend in job openings parallels the Great Recession…