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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    Health Care (Transaction) Costs

    Aug 22, 11 • 844 Views • No Comments

    One of the first parts of the new health care plan to be implemented, the Pre-Existing Condition Insurance Plan (PCIP) surprised its administrators.  North Carolina was ready for a “stampede” but initially only 674 people joined. Nationally,......  [read more]

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    Stock Market Crashes

    Aug 19, 11 • 550 Views • No Comments

    How to define a stock market crash? One economic paper has 2 suggestions: “When you see it you know it.” Look at depth and duration: A 20% drop is a crash while length can vary. Several possibilities: 1 day, 5 days, 1 month, 3 months, 1 year.......  [read more]

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    Abercrombie’s “Terrible, Terrible News”

    Aug 18, 11 • 633 Views • No Comments

    Sometimes the wrong people wear the right products. It just happened to Abercrombie & Fitch. Here is the story: According to the NY Times, it all began when an employee conveyed to A & F’s CEO the “terrible, terrible news” that Mike......  [read more]

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    Taxing Decisions

    Aug 16, 11 • 510 Views • No Comments

    According to The Atlantic’s Megan McArdle, all of us should know about the Fallacy of Chesterton’s Fence before we decide how we feel about taxes. Picture a fence extending across a road. 2 people approach it. The first says, “I don’t......  [read more]

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    “Boomerangers,” the Recession and the Family

    Aug 13, 11 • 551 Views • No Comments

    The “boomeranger” has returned. A Pew Research Survey found that 13% of all households are composed of parents with adult children who moved away and then returned home. Pew’s respondents say the economy was the reason these......  [read more]