In Denmark, the government automatically prepares people’s taxes. Because they already have the data they need, the tax authority calculates everyone’s income taxes and sends them notice of how much they owe or will receive as a refund. With 80%…
Microeconomics
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…
Should Detroit Sell Its Art?
During 2009, a still life painted by Henri Matisse was sold at a Christie’s auction for $46 million. The Detroit Institute of Arts owns Poppies, also a Matisse oil on canvas but a bit larger. A municipal bankruptcy like Detroit’s creates…
Why Would the Nigerian GDP Double Overnight?
We might have to say BRINC rather than BRICS. As a developing nation with the highest GDP in Africa, South Africa has been the “S” in BRICS (Brazil, Russia, India, China). Now though, Nigeria has raced ahead. During one weekend…
The Big Impact of a Little Salamander
The woodland salamander made me think of Adam Smith. In North American forests, wherever it is dark and damp, under a rock or a log, a very hungry salamander could be devouring her daily diet. Eating 20 ants, 2 flies…
Unusual Ways to Achieve Deficit Reduction
Hoping to diminish their country’s deficit, last year, Malta’s President and Parliament decided to sell citizenship. The price tag is $891,000 and the perk is that Malta is in the EU. Consequently, you get an island home with a back…