On this #TBT, we can look back at the golden age of productivity growth to see when and how our standard of living improved.…
Weekly Roundup: From Buying Big Macs to Selling Waders
Our weekly roundup includes the tennis gender pay gap and toilet gap, free trade and individual businesses, and the purchasing power of the minimum wage.…
The Amount of Work it Takes to Buy a Big Mac
Comparing the purchasing power of nominal and real wage rates among countries and for different years in one nation, we learn about standards of living.…
Part 2: What To Do When More People Are Old
Facing an aging population and more entitlements, countries that are encouraging more births to expand the labor force might be creating a bigger problem.…
Tall and Short Populations
Princeton economist Angus Deaton estimates that it will take 500 years for Indian women to reach the height of English women. In The Great Escape, Dr. Deaton explains that a population could be short …
Economic Growth: Tall Tennis Players
I was just reading about John Isner (6’10”), Juan Martin del Potro (6’6″), Milos Raonic (6’5″) and Ivo Karlovic (6’10”). Top ranked tennis players, the…