Life is tough. Even tougher when you don’t have a job. When you have mouths to feed, monthly rents and utilities to pay. Being unemployed is a terrifying scenario to be in. But is it the end of the road? Is it possible to live when you don’t have a full-time job? YES! Anyone can …
Thank heavens for the internet! Now that we’re living in the “modern” world, people have the opportunity to earn money with the help of their mobile phones. Yes, the almighty mobile phones are here to help you provide for your financial needs. This means that students, stay at home moms, people who need extra cash, …
How To Make Money In Your Free Time? Here’s What You Can Do! Read More »
So maybe you’re looking around your house and seeing lots of vintage items that your grandparents left you. You have no need for these antiques but you know that they may be worth something. The question is: how much? And just where can we sell antiques? Some places you can sell your antiques are: online, …
Have Antiques Lying Around? Here’s Where You Can Sell Them For Cash Read More »
Pregnant women undergo many physical and emotional changes during their pregnancy and much focus has already been given to all of these. However, what is always being overlooked is the effects of the maternity leave itself on a woman’s mental health. These effects are more severe for workaholics and career-driven women. If you are going …
We published our post over at WaPo’s WonkBlog today — one of our favorite sites. Here is the link As a quick follow up, here is a quote from a research paper by Richard Disney and others: “However, we do find a strong asymmetry in the response for households in “negative equity”—households in negative equity experiencing a surprise …
Several recent articles have noted a sharp rise in the price of renting an apartment or house across the United States. Many have also argued that the rise in rents disproportionately affects lower and middle class renters. We decided to take look by examining the great data available on rents from Zillow. The chart below shows general …
So both John Cochrane and Martin Wolf are advocating 100% reserve banking. If these two agree on anything, it’s worth taking seriously! (It’s pretty amazing how advocates for narrow banking come from across the political spectrum.) We have some thoughts on banking and private money creation, but you’ll have to read our book to figure out what they are. Instead, we …
As we mentioned in our post yesterday, economists care much more about inequality in well-being rather than inequality in income or wealth. Data on well-being are more difficult to gather, but we discussed some evidence that inequality in consumption also increased from 1980 to 2010. Consumption directly affects the utility of an individual in most economic models. Income does not. Here is some …
What are the determinants of inequality? The first step in answering this question is defining exactly what we mean by inequality. A working paper by Chetty, Hendren, Kline, and Saez takes an interesting approach: it measures inequality based on the likelihood that a child born into a poor family will rise in the overall income distribution. They …
“I asked Mr. Summers what was behind secular stagnation, and he said he was still thinking through all of its causes. But globalization, automation, income inequality and changes in corporate finance might be important factors, he said. Income is now more concentrated in the hands of the rich. Those well-off households tend to save and …
