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.

  • 16080_7.29_000012930879XSmall

    Education Matters

    Dec 21, 10 • 260 Views • No Comments

    The NY Times tells us that students who graduate from “elite” colleges could be more likely than those at less elite schools to earn more and attend a prestigious graduate school. As a result, although the initial cost may be high, the benefit,...  [read more]

  • 16078_2.14_000007210772XSmall

    Unintended Green Incentives

    Dec 19, 10 • 208 Views • No Comments

    True or False? When we become more energy efficient, we use up fewer resources. This New Yorker Magazine article says maybe. Citing the “rebound effect,” the article briefly takes us back to Williams Jevons, England, and 1865. In a book called The...  [read more]

  • 16072_3.27_000001882191XSmall

    When Will China and India Catch Up?

    Dec 17, 10 • 252 Views • No Comments

    In one wonderful 4 minute animated video, Swedish professor Hans Rosling shows us how, during 200 years, 200 countries became healthier and wealthier. The turning point for one group of nations is 1810 with the industrial revolution. The next turning point,...  [read more]

  • Like the 3 Bears, the Middle Class is Not too Rich Not too...

    Are You Middle Class?

    Dec 16, 10 • 249 Views • No Comments

    What is the “middle class?” In a recent NPR interview, a painting contractor, an employee of Healthy Montana Kids, a man who runs a hi-tech robotic firm, and a hospice worker, all earning between $25,000 and $100,000 annually, said they were...  [read more]

  • 16062_7.7_000004061067XSmall

    Gas Prices

    Dec 11, 10 • 245 Views • No Comments

    Have you been paying more for gas? Looking at this map, you can see that gas prices around the country have been rising in most places. Economist James Hamilton suggests that the price of gas is directly connected to the GDP. Citing the BEA breakdown of...  [read more]