Our everyday economics includes BRICs & MINTs, supply, monopoly, tradeoffs, economic consensus, innovation, property rights, redistribution, fertility rate.…
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.…
Weekly Roundup: From Turkey to Buffalo
This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.…
All You Need To Know About the World’s Social Security Systems
Showing adequacy, sustainability and integrity for pension systems, a Melbourne Mercer Global Pension Index infographic ranks retirees’ entitlements.…
The Expensive Side of (Venezuela's) Cheap Gas
Subsidies and taxes determine the price of gasoline. Whether gasoline is cheap or expensive, its price affects people’s incentives and national tradeoffs.…
Our Weekly Roundup: From Tipping to Startup Airlines
Our weekly roundup includes everyday economics that relate to entitlements, the market, competitive market structures, regulation and labor.…
The Green Blog: Why Japan Might Face a Demographic Crisis
By Madeleine Vance, guest blogger and student at Kent Place School. As of late, younger Japanese citizens are choosing to live the single life rather than get married. But why? Seven years ago, Japan’…
Who Will Live to 100?
A middle class girl born in the US today has a 50/50 chance of reaching 100 years old. A guess, yes. But the prediction reflects what Princeton economist Angus Deaton says is rather likely. Looking ba…
How To Be Sure That Everyone Has a Minimum Income
Four decades ago, in a rural Manitoba community, Canada experimented with cash grants to low income families. Called MINCOME, the program provided for different cash payments based on the household…
The Federal Budget: Young Workers and Old Baby Boomers
If the proficiency scores of US workers are low and the safety net spending for baby boomers is high, then we have what Barron’s calls the “baby boom budget bomb.” In a just-released…