econlife on ‘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.

  • 16183_7.19_000006524235XSmall

    The Right Stuff

    Feb 10, 11 • 115 Views • Government, Households, Innovation, Labor, Macroeconomic MeasurementNo Comments

    Giving a grade of “One Pinocchio,” the Washington Post assessed the accuracy of President Obama’s February 7, 2011 speech to the U.S. Chamber of Commerce. Most interesting, though, were the topics on which he focused. Yes, President Obama...

  • 16175_8.6_000011537286XSmall

    Unemployment Questions

    Feb 6, 11 • 94 Views • Households, Labor, Macroeconomic MeasurementNo Comments

    Friday’s employment report had good news and bad news. There was considerably less unemployment and considerably less job creation. Moving from 9.4% to 9%, the unemployment rate decreased more than most people expected. However, the job creation number,...

  • 16171_1.4_000009409425XSmall

    What’s Cooking?

    Feb 4, 11 • 111 Views • Economic History, Households, InnovationNo Comments

    The kitchen that my mother used 50 years ago is really not that different from the one we use today. Electricity, a mechanical refrigerator, and hot and cold running water have been here for a long time. But 60 years before that, the kitchen was a very...

  • 16163_1.31_000010231504XSmall

    Grandma and the City

    Jan 31, 11 • 101 Views • Developing Economies, Economic Thinkers, Households, Innovation, RegulationNo Comments

    In the U.S. 81% of us live in a city. Saying that cities generate more wealth, productivity and innovation, Brookings’ Research Director Alan Berube and Harvard’s Edward Glaeser applaud urbanization. In China, though, Grandma might not be so...

  • More on the States

    Jan 29, 11 • 114 Views • Government, HouseholdsNo Comments

    You an look that This interactive US map to see what is happening to states’ tax revenue. 4 categories of state funds: general revenue (largest category), federal funding, bonds, restricted state funds (e.g. gas tax for road maintenance) Nelson A....