Category Archive: Economics

Oct 14

2013 Nobel Winners in Economics: Same Prize, Very Different Research

This morning, the Royal Swedish Academy of Sciences honored three Americans with the most prestigious award in Economics: the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (more commonly known as the “Nobel Prize”). The honorees, Dr. Eugene Fama, Dr. Lars Peter Hansen, and Dr. Robert Shiller, received this award “for their …

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Permanent link to this article: http://betweenthenumbers.net/2013/10/2013-nobel-winners-in-economics-same-prize-very-different-research/

Oct 07

Government shutdown great for some businesses

I’m occasionally surprised by the variety of anecdotes that support theories of market efficiency and the rapid adaptation of consumer behavior in free economies. The recent government shutdown seems to have introduced one such case. CBS reports that traffic is suddenly booming for “sugar daddy” websites. The news organization quotes folks at seekingarrangement.com and whatsyourprice.com …

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Permanent link to this article: http://betweenthenumbers.net/2013/10/government-shutdown-great-for-some-businesses/

Oct 02

It costs $241,080 to raise a child and other reasons why averages can be completely uninformative

A popular news service reported that it costs $241,080 to raise a child and then remarked, “the cost of raising a child is climbing at a rate that many families can’t keep up with.” The news agency cites falling wages and lower employment rates as support for this struggle to keep up. A host of …

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Permanent link to this article: http://betweenthenumbers.net/2013/10/it-costs-241080-to-raise-a-child-and-other-reasons-why-averages-can-be-completely-uninformative/

Oct 01

Government Shutdown, What to Expect

It is Tuesday, October 1, 2013 and Congress has not been able to reach a compromise on a funding bill that could get the government running again.  One of the major stumbling blocks is the long-running dispute regarding President Obama’s health care reform law (commonly referred to as Obamacare).  The House would like Obamacare to …

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Permanent link to this article: http://betweenthenumbers.net/2013/10/government-shutdown-what-to-expect/

Aug 26

Jackson Reforms Change the Economics of U.K. Litigation

In 2010 Lord Justice Jackson issued a report regarding recommended changes to England’s civil procedure in order “to promote access to justice as a whole by making costs of litigation more proportionate“.  On April 1, 2013 these recommendations became law, representing a substantial economic shift in the cost of litigation.  Under these newly introduced Jackson …

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Permanent link to this article: http://betweenthenumbers.net/2013/08/jackson-reforms-change-the-economics-of-u-k-litigation/

Aug 13

The Baby Name “Market” is becoming more Fragmented

According to the Social Security Administration (SSA), there have been over 91,000 different names given to babies since 1880 in the US. We can think of the process of naming children as a market activity. The “market” consists of parents (i.e. consumers) who select a name (i.e. product) from a wide assortment of options. For …

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Permanent link to this article: http://betweenthenumbers.net/2013/08/the-baby-name-market-is-becoming-more-fragmented/

Jul 22

Housing starts stop

Housing’s decline drove the economy into the ground six years ago. In recent months, many have hoped that housing’s return is a sign of broad economic recovery. The picture has been rosy. The National Association of Realtors reported 21% growth in the median sales price of new homes over the two year period that ended …

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Permanent link to this article: http://betweenthenumbers.net/2013/07/housing-starts-stop/

Jul 19

Is the U.S. Experiencing a Housing Bubble?

If you have been paying attention to real estate prices lately, it should be no surprise that they have been on a strong uptick this year. There is lots of chatter that this sudden gain in prices mean that we are headed for another real estate bubble. This is not the case according to CoreLogic. …

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Permanent link to this article: http://betweenthenumbers.net/2013/07/is-the-u-s-experiencing-a-housing-bubble/

Jul 12

Mortgage Rates May Still Remain at Historical Lows

In the past few weeks, mortgage rates have seen a sudden spike.  They have gone from historical lows in the 3% range to 5% and above.  The obviously puts a strain on the affordability of a home.  Even though the current rates are still historically low, they seem high in comparison to more recent experience. …

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Permanent link to this article: http://betweenthenumbers.net/2013/07/mortgage-rates-may-still-remain-at-historical-lows/

Jul 10

Should STEM Majors Receive More Subsidies?

As universities struggle to balance budgets, a recent innovation involves charging higher tuition for students whose majors are costlier to the university. In practice, Science, Technology, Engineering, and Math (STEM) fields, as well as majors in the arts, cost more relative to majors in the humanities and social sciences. These majors’ additional expenses cover specialized …

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Permanent link to this article: http://betweenthenumbers.net/2013/07/should-stem-majors-receive-more-subsidies/

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