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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    Presidential Pay and the GDP

    Mar 17, 11 • 334 Views • No Comments

     The Economist decided it would be interesting to know how a political leader’s pay compares to what a typical citizen from that country earns. Here are some of the numbers with salary first and then the multiple of per capita GDP next. I’ve......  [read more]

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    More Education Matters

    Mar 12, 11 • 320 Views • No Comments

    15-year old U.S. students ranked #24 for math in an OECD assessment program (PISA). For reading, they placed #15. In a Teaching Company lecture called “Underperforming Schools” Wake Forest economist Robert Whaples suggests how we might raise our......  [read more]

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    Visiting the Labor Market

    Mar 9, 11 • 309 Views • No Comments

    We might need to adjust how we think about the labor market. Yes, we know that the unemployment rate for February was 8.9% and that 13.7 million people are jobless.  However, to encourage thoughts about the future, an M.I.T. economist tells us more.......  [read more]

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    Bikes-For-Hire and the British Coastline

    Mar 8, 11 • 342 Views • No Comments

    London’s new bikes-for-hire program is about more than bikes. Launched this summer, the program had to solve a mismatch between supply and demand. In certain places there were too few bikes for the number of people who wanted them. In other spots, the......  [read more]

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    Oil Dilemmas

    Mar 4, 11 • 369 Views • No Comments

    The good news? We are driving more again–more miles than any year since 2007. The bad news? We are driving more again–more miles than any year since 2007.. Here are the facts from a WSJ article. With the recession and higher gas prices,......  [read more]