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2008 02 21 Unbroken Window blog - Recommended Reading (in Economics)
Things All Students of Economics (or just about anybody else too) Should Read
12 May 09
2009 05 11 Newmark's Door blog - Good news about charter schools
I'm skeptical the size of the gains will hold up after further study. And if even if they do, the HCZ model will be difficult to scale. See, for example, the recent study by Caroline Hoxby and Sonali Murarka of "all but a few" of New York City's charters. They find charters increase in achievement in both math and reading, but the size of the estimated gains are more than an order of magnitude smaller.
30 Apr 09
2009 04 30Marginal Revolution blog - Old people love Kindle
Amazon Kindle: An example of an apparent substitute having a complementary effect.
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Which in turn explains Amazon's pseudo-statistical case that
e-book purchases are incremental/additive, rather than cannibalistic of
their print sales.
11 Sep 08
2008 07 Edge - A Short Course in Behavioral Economics
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Retreating to the luxury of Sonoma to discuss economic theory in mid-2008 conveys images of Fiddling while Rome Burns. Do the architects of Microsoft, Amazon, Google, PayPal, and Facebook have anything to teach the behavioral economists—and anything to learn? So what? What's new? As it turns out, all kinds of things are new.
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Retreating to the luxury of Sonoma to discuss economic theory in mid-2008 conveys images of Fiddling while Rome Burns. Do the architects of Microsoft, Amazon, Google, PayPal, and Facebook have anything to teach the behavioral economists—and anything to learn? So what? What's new? As it turns out, all kinds of things are new.
05 Jun 08
2008 06 04 Yahoo Finance - Secret Ways to Boost Your Social Security
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Four legal strategies for adding as much as $12,000 a year to your retirement income.
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Four legal strategies for adding as much as $12,000 a year to your retirement income.
23 Apr 08
2007 10 The American - Kevin Hassett: How the Fed Works
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KEVIN HASSETT, a former Fed economist, offers an inside look at how America’s central bankers operate.
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KEVIN HASSETT, a former Fed economist, offers an inside look at how America’s central bankers operate.
21 Apr 08
2008 04 20 NYT - The Odds for a Retirement Nest Egg, Recalculated
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CONVENTIONAL wisdom recommends that investors start with a high allocation of stock in their portfolios when they are young and reduce it as they approach retirement.
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But a recent study of real-world portfolio returns, which fluctuate significantly from month to month and year to year, has found that there is no particular advantage in this approach. You would do just as well, with no greater odds of doing poorly, by simply picking an allocation of stocks and bonds that you can live with for a long while and sticking with it. -
CONVENTIONAL wisdom recommends that investors start with a high allocation of stock in their portfolios when they are young and reduce it as they approach retirement.
...
But a recent study of real-world portfolio returns, which fluctuate significantly from month to month and year to year, has found that there is no particular advantage in this approach. You would do just as well, with no greater odds of doing poorly, by simply picking an allocation of stocks and bonds that you can live with for a long while and sticking with it.
2008 04 21 NYT - Making Your Money Last as Long as You Live
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To give retirees some new tools, two of the biggest fund companies, Fidelity and Vanguard, have introduced mutual funds intended to make it easy for retirees to make systematic monthly withdrawals.
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To give retirees some new tools, two of the biggest fund companies, Fidelity and Vanguard, have introduced mutual funds intended to make it easy for retirees to make systematic monthly withdrawals.
18 Apr 08
2008 04 17 Freakonomics blog - Justin Wolfers: The Economics of Happiness, Part 2: Are Rich Countries Happier than Poor Countries?
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it is worth noting that a 10 percent rise in income in Burundi requires one-sixtieth as much income as a 10 percent rise in income in the U.S. Thus, even if the slope is three times as steep for rich countries as poor countries (as we estimate), this still means than an extra $100 has about a twenty-times-greater effect on happiness in Burundi than it would in the United States. Comparisons like this make you think that foreign aid may not be such a bad idea.
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it is worth noting that a 10 percent rise in income in Burundi requires one-sixtieth as much income as a 10 percent rise in income in the U.S. Thus, even if the slope is three times as steep for rich countries as poor countries (as we estimate), this still means than an extra $100 has about a twenty-times-greater effect on happiness in Burundi than it would in the United States. Comparisons like this make you think that foreign aid may not be such a bad idea.
2008 04 16 NYT - Economic Scene: Maybe Money Does Buy Happiness After All
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But now the Easterlin paradox is under attack.
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In the paper, Betsey Stevenson and Justin Wolfers argue that money indeed tends to bring happiness, even if it doesn’t guarantee it. They point out that in the 34 years since Mr. Easterlin published his paper, an explosion of public opinion surveys has allowed for a better look at the question. “The central message,” Ms. Stevenson said, “is that income does matter.”
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If anything, Ms. Stevenson and Mr. Wolfers say, absolute income seems to matter more than relative income. In the United States, about 90 percent of people in households making at least $250,000 a year called themselves “very happy” in a recent Gallup Poll. In households with income below $30,000, only 42 percent of people gave that answer. But the international polling data suggests that the under-$30,000 crowd might not be happier if they lived in a poorer country. -
But now the Easterlin paradox is under attack.
...
In the paper, Betsey Stevenson and Justin Wolfers argue that money indeed tends to bring happiness, even if it doesn’t guarantee it. They point out that in the 34 years since Mr. Easterlin published his paper, an explosion of public opinion surveys has allowed for a better look at the question. “The central message,” Ms. Stevenson said, “is that income does matter.”
...
If anything, Ms. Stevenson and Mr. Wolfers say, absolute income seems to matter more than relative income. In the United States, about 90 percent of people in households making at least $250,000 a year called themselves “very happy” in a recent Gallup Poll. In households with income below $30,000, only 42 percent of people gave that answer. But the international polling data suggests that the under-$30,000 crowd might not be happier if they lived in a poorer country.
2005 01 14 Daily Princetonian - Kahneman, Krueger develop happiness survey
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And the surveyors found some interesting results. For example, people enjoy spending time with their relatives much more than they like to admit — and don't enjoy their children as much as they would like to think.
People also chose "intimate relations" as the most enjoyable activity while commuting ranked last.
Those surveyed also spent, on average, 11.5 hours each day working, doing housework and commuting — some of the least enjoyable activities, according to the research.
Events such as a poor night's sleep had a large impact on how people felt about what they did the following day. Variables like time, pressure at work and companions with whom tasks are accomplished also played a large part in shaping happiness.
According to the group's findings, more general circumstances such as whether each woman was married, single, wealthy, educated or felt she had job security did not have a significant effect on daily happiness. -
And the surveyors found some interesting results. For example, people enjoy spending time with their relatives much more than they like to admit — and don't enjoy their children as much as they would like to think.
People also chose "intimate relations" as the most enjoyable activity while commuting ranked last.
Those surveyed also spent, on average, 11.5 hours each day working, doing housework and commuting — some of the least enjoyable activities, according to the research.
Events such as a poor night's sleep had a large impact on how people felt about what they did the following day. Variables like time, pressure at work and companions with whom tasks are accomplished also played a large part in shaping happiness.
According to the group's findings, more general circumstances such as whether each woman was married, single, wealthy, educated or felt she had job security did not have a significant effect on daily happiness.
18 Nov 07
2007 11 14 WSJ - McCaw Bets Again On Wireless Frontier
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Craig McCaw got rich betting on cellphones when they were still brick-size gadgets with just 30 minutes of battery life. These days, he's rolling the dice on another untested concept: a nationwide high-speed wireless network based on WiMax technology.
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Craig McCaw got rich betting on cellphones when they were still brick-size gadgets with just 30 minutes of battery life. These days, he's rolling the dice on another untested concept: a nationwide high-speed wireless network based on WiMax technology.
17 Nov 07
2007 11 12 New Republic - Creative Destruction: The best case against universal health care
12 Nov 07
2007 Movie Scenes for Economics
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Short film scenes are used as a vehicle to introduce elementary economic concepts. The pedagogical advantages of this approach are increased student engagement; an enhanced ability to critically analyze core content, and the method provides an alternative to the lecture-discussion format. In addition, the approach complements the traditional development of economic theory without sacrificing a significant amount of class time.
On this website, you will find a large catalog of movie clips that can be used to supplement key topics in economics. -
Short film scenes are used as a vehicle to introduce elementary economic concepts. The pedagogical advantages of this approach are increased student engagement; an enhanced ability to critically analyze core content, and the method provides an alternative to the lecture-discussion format. In addition, the approach complements the traditional development of economic theory without sacrificing a significant amount of class time.
On this website, you will find a large catalog of movie clips that can be used to supplement key topics in economics.
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