A NY Times article by Claire Cain Miller explores the gender differences in unpaid work: Worldwide, women spend an average of 4.5 hours a day on unpaid work, including grocery shopping, child care and laundry. That is more than double the amount of time men spend, according to O.E.C.D. data. Men spend significantly more time […]Read more "Gender Imbalances in Unpaid Work"
According to a study by the Peterson Institute for International Economics and EY, having women in top management positions leads to an increase in profits: The study found that female C.E.O.s did not significantly underperform or overperform when compared with male chief executives. While it found some indications that having more women on boards was […]Read more "Study Finds that Having Women in Top Management Positions Leads to Increased Profitability"
With Valentine’s Day approaching, The Economist explores the economics behind dating: DATING is a treacherous business. There may be plenty of fish in the sea, yet many are unhygienic, self-absorbed, disconcertingly attached to ex-fish, or fans of Donald Trump. Digital dating sites, including a growing array of matchmaking apps, are meant to help. Their design […]Read more "The Economics of Finding “True Love”"
The NY Times offers an economic critique of the new Quicken Loans “Rocket Mortgage” app: The company’s solution — especially as it is portrayed in the commercial — does have problems. The commercial portrays taking out a home loan using the app as being almost a casual thing to do. Reducing paperwork and bureaucratic hurdles […]Read more "An Economic Analysis of the Quicken Loans Mortgage App"
According to research funded by the International Growth Centre at the London School of Economics, the answer might be no. The Economist explores how higher pay may not make workers less greedy: WHETHER the miscreants are African policemen, European politicians or American university basketball players, the same remedy for corrupt behaviour is offered: pay people […]Read more "Do higher wages make workers less greedy?"
An interesting look at the Iowa job market with the Iowa Caucus starting today: At 3.4 percent, Iowa’s unemployment rate is among the lowest in the country. With major metropolitan areas — crowded with hard-hat construction sites — painting an alluring picture of steady economic progress, business leaders here retain a sunny optimism that is […]Read more "A look at the Iowa Job Market"
The NY Times explains how we should evaluate a president’s handling of the economy: Similarly, a better way to judge presidents is by the policies they pursue, not the outcomes over which they preside. This task is harder than merely looking at unemployment, inflation and the growth of gross domestic product. It requires having a […]Read more "How should we grade a president’s handling of the economy?"
St Louis Fed President talks at the Ball State Forecasting Luncheon: At Ball State University in Muncie, Ind., St. Louis Fed President James Bullard assessed the Federal Open Market Committee’s forecasts running up to 2015 and discussed implications for monetary policy. He said that the forecasts look to have missed on all three key variables—real […]Read more "St. Louis Fed President talks at Ball State forecasting luncheon"
Wall Street Journal on different investment practices between the middle class and the upper middle class: For the middle class, …Nearly two-thirds of their wealth is in their residences. It’s easy to see why: Imagine a young family with a $200,000 home, a $150,000 mortgage, and $50,000 in cash and retirement accounts. That’s not a […]Read more "The middle class have more of their wealth in their houses than the rich"
Wall Street Journal reports that: Americans who have money to spend aren’t doing so, a factor that is depressing consumer outlays despite low gasoline prices and steady hiring….The report found mid- and upper-income Americans, and those older than 65, pulled back on spending sharply from mid 2014 through June, while outlays among those younger than […]Read more "Older and upper income Americans spending less"