Since 1995, many of us have been consuming shamelessly decadent Frappuccinos. Just one Ultra Caramel Frappuccino with dark caramel coffee, layers of whipped cream (each topped with a dollop of caramel sauce), and white chocolate tops the 400 calorie threshold.…
Although China has said it will replace its one-child policy with a two child limit, small families remain a social norm that will be tough to change.
Posts Roundup Sunday 10.11.15 Why we stick with a brand…more Monday 10.12.15 The many meanings of the minimum wage…more Tuesday 10.13.15 How a drone port solves road problems…more Wednesday 10.14.15 Development surprises from a new Nobel winner…more Thursday 10.15.15 Finding disappearing jobs…more…
Phasing in a no-tipping policy, Danny Meyer will eliminate tipping decisions, raise prices, change server pay and increase what the kitchen staff earns.
Our everyday economics includes social norms, tradeoffs, financial intermediaries, human capital, sovereign debt, externalities,labor markets, & gender gap.
Because recycling is a broad social norm, we do not differentiate between good and bad recycling and, as a result, have a higher cost.
OECD countries mandate that wages and salaries be paid for vacations and sick while, in the U.S., firms decide their own policies.
Facebook’s COO Sheryl Sandberg said, “You can’t be what you can’t see.” When econlife looked at women and the symphony orchestra several weeks ago, we first saw a world that, in 1970, was 95% male. Musical directors only saw men…
This sign in Arizona’s Petrified Forest was having little impact: “Your heritage is being vandalized every day by theft losses of petrified wood of 14 tons a year, mostly a small piece at a time.” However, after some sign experimentation,…
Yesterday, the odds on intrade were 76% that the Supreme Court will declare the health care insurance mandate unconstitutional. This started me thinking about Social Security during 1935. Several states had old age insurance and the federal government was feeling the…
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
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