Households

In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

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    Who Does the Housework?

    Apr 19, 11 • 330 Views • No Comments

    Who makes dinner in your home? Walks the dog? Goes to the supermarket? A study from the Organization for Economic Cooperation and Development (OECD) compared unpaid work in 29 countries. Predictably, they concluded that women do a lot more than men. But,...  [read more]

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    Chinese Marriage Markets

    Apr 17, 11 • 342 Views • No Comments

    A typical young Chinese woman is looking for a husband who owns a home. Probably, she will find one because China’s single child policy and tendency toward male preference have resulted in massive gender imbalance. With so many more marriageable men...  [read more]

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    Geography Matters

    Apr 15, 11 • 320 Views • No Comments

    According to Harvard economist Ed Glaeser, big US cities deserve our attention. Rather like a ripple, first, as ports, they attracted commerce. Commerce led to more affluence. The affluence brought more people. The people wanted better education. Better...  [read more]

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    Baseball Salaries and Taxes

    Apr 14, 11 • 300 Views • No Comments

    There is a connection between baseball and President Obama’s budget proposals. Let’s start with USA Today’s baseball salary database. For 2011, at $32 million, NY Yankees’ 3rd baseman Alex Rodriguez earns the most; #2 is LA...  [read more]

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    PC Benefits

    Apr 6, 11 • 341 Views • No Comments

    We know that the computer has really made a difference. It replaced typewriters, photo albums, calculators and maybe even travel agents. But still, can we precisely state its impact? Yes, $1700. Economists have calculated that each year since 1977, on...  [read more]