Posts Tagged ‘education’

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Butter, Health Care and the Spread of Baumol’s Disease

    Dec 1, 12 • 484 Views • No Comments

    When butter makers had Baumol’s Disease, for centuries, there was no cure. From the 1700s to 1940, making butter required some cream, a churn and usually a woman with lots of time and energy to crank or plunge a shaft. When, in 1850, someone invented a...  [read more]

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    Population Futures

    Feb 13, 12 • 436 Views • No Comments

    Imagine for a moment 3 groups of countries, each with a different population pyramid. The first has a huge bulge at the bottom, the second is wider in the middle and the third is relatively broad at top. If this represents the world in 2025, what can we...  [read more]

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    Which College Majors Earn More?

    Jul 14, 11 • 245 Views • No Comments

    Although the unemployment rate is 9.2% for the entire labor force, it is 4.4% for college grads (and 10% for high school graduates, no college). But which college graduates earn more? It depends on your undergraduate major. Counseling psychology or petroleum...  [read more]

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    More Education Matters

    Mar 12, 11 • 286 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 • 266 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]