Although end-of-life Medicare spending accounts for a relatively large slice of its budget, it’s tough to cut for a reason that none of us would expect.
Facing an aging population and more entitlements, countries that are encouraging more births to expand the labor force might be creating a bigger problem.
This week’s everyday economics stories include income elasticity of demand, positive externalities, GDP, economic indicators, human capital & entitlements.
Primarily for fiscal reasons, in Japan, most 40-74 year olds get their waist size checked each year. A part of the required annual physical exams from local government or employers, waist size is monitored because an obese population can be expensive.…
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…
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