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.

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    Female Earning Power

    Sep 3, 10 • 107 Views • Businesses, Gender gap, Households, Labor2 Comments

    Which women earn more than men? If you are female, in your 20s, childless, unmarrried, live in a city, and a college graduate, there is a good chance that you earn more than a man in your peer group. You also represent a major change in what women earn. For...

  • Cost Measured by Work Minutes

    Aug 31, 10 • 121 Views • Households, Macroeconomic MeasurementNo Comments

    Having referred to a $40 1970s airline ticket, I was curious about other prices 35 years ago. Not everything was cheaper. (According to the Dallas Fed, in 1974, a 1 ounce bag of chips was approximately 25 cents, and in 1980, a large pepperoni pizza averaged...

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    How Not To Price a House

    Aug 31, 10 • 111 Views • Behavioral Economics, Demand, Supply, and Markets, Households1 Comment

    Let’s assume you would like to sell your house. According to Wired journalist Jonah Lehrer, the price you select might not be optimal. Why? Because we like to avoid losing money. (Of course, you might say, that is obvious. But an economist would suggest...

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    Double Dipping

    Aug 28, 10 • 97 Views • Businesses, Economic Debates, Government, Households, Labor, Macroeconomic MeasurementNo Comments

    For a smile, you might want to watch Merle Hazard’s “Double Dippin’” song. As the Guardian points out, also look for the fun trivia such as a small background picture of mathematician Benoit Mandelbrot. No one was smiling, though in...