For many different reasons, the savings rate for our nation and the cash we stash under our mattress can vary considerably.
Weekly Roundup: From Burgers to Boomer Demographics
Our everyday economics includes disposable income,competition,externalities, standardization,entrepreneurs,federal budget, R&D, labor and dependency ratios.
Why Shake Shack is About More Than a Burger
Displaying the characteristics of monopolistic competition, Shake Shack is showing how the U.S. burger market is adjusting to a changing consumer.
Weekly Roundup: From Baseball Contracts to Super Bowl Ads
Our week’s everyday economics include inflation, supply and demand, income mobility, property rights, incentives, default, CDS, and monopoly pricing.
The Facts Behind the Gender Pay Gap
Although the gender pay gap can be women earning 78 cents for every dollar a male earns, the data, depending on so many variables, is more complicated.
Weekly Roundup: From Milkmen to Menus
This week’s stories on everyday economics include competitive market structures, business cycles, saving, conspicuous consumption and economic indicators.
What Signals Does a College Degree Really Send?
Some economists have an unexpected reason for the college earnings premium. First, the premium… In 2011, a diploma from a 4-year college meant you would earn 83% more than your high school classmate who did not attend college. Looked at slightly differently (below), the…
Surprising Hand-To-Mouth Households
Close to one third of all households (38 million) in the US live hand-to-mouth. Like me, perhaps you have always assumed that a hand-to-mouth (HtM) household is low income. Spending all disposable income each week, the hand-to-mouth household is unable…