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.

  • 16336_4.2_000010186118XSmall

    Health and GDP

    Apr 28, 11 • 479 Views • No Comments

    We are taller, healthier, heavier, and living longer. In 1790, a typical Frenchman weighed 110 pounds. Now, the scale says 170. That 60-pound difference relates to a lot more than food. According to a new book from Nobel prize winning economist Robert Fogel......  [read more]

  • 16334_7.7_000004061067XSmall

    A Tank of Gas

    Apr 27, 11 • 625 Views • No Comments

    A tank of gas is not just a tank of gas. Isn’t it a spending decision? The national average for a gallon of regular is close to $3.88 and higher in California. July 2008 was the last time we dealt with 4 dollar gas. One economist estimated that 4 dollar......  [read more]

  • 16332_6.8_000011863582XSmall

    Money and Happiness

    Apr 26, 11 • 420 Views • No Comments

    It is possible, after all, that money can make us happy. A recent Brookings paper from 3 University of Pennsylvania researchers concluded that people experience greater “subjective well-being” or life satisfaction when they are more affluent.......  [read more]

  • 16330_5.31_000009096130XSmall

    “Buy Australian?”

    Apr 25, 11 • 522 Views • No Comments

    In Australia, concerned about the impact of twin disasters in Queensland this summer, Australia is saying, “Buy Australian.”  But they just faced an unexpected problem. The T-shirts they are using to publicize the campaign were made in......  [read more]

  • 16328_5.30_000005892390XSmall

    Green Elasticity

    Apr 23, 11 • 673 Views • No Comments

    Sales of Nature’s Source Scrubbing Bubbles tub have plunged by 61%. At Stop & Shop, “Eco-friendly” people are switching from Clorox Green Works All-Purpose Cleaner to traditional Fantastic. Why? Because Fantastic is 40 cents cheaper.......  [read more]