One reason we have a labor force participation rate of 62.4 percent is because retirees, students, the disabled and people who care for family do not work.
Because of aging populations in the developed world and in China, concern about care for the elderly and rising dependency ratios have increased.
A debt ceiling controversy could erupt by November 3rd when Jack Lew says the U.S. Treasury will need to borrow to meet its spending obligations.
The 2015 winner of the Nobel Memorial Prize in Economics, Angus Deaton studied inequality through health and wealth and micro and macroeconomics.
Because credit card scores predict trustworthiness and financial distress, they indicate whether a co-habitation relationship will be long lasting.
Retirement savings and income depend on the person's prior income, longevity, the macroeconomic environment, Social Security and other entitlement programs.
The characteristics of the student loan crisis include a high default and delinquency rate, huge amounts of money and a personal and macroeconomic impact.
Always contentious, the federal budget needs to be approved by October 1st or a continuing resolution needs to enable discretionary federal spending.
For pure enjoyment The Martian is a good read but also it helps us recognize how travel to Mars has and will have positive externalities on earth.
By recognizing the tradeoffs of recycling, preserving endangered species and improving world health, doing good could become more productive.
While some high middle income economies have slowed down and then accelerated again, using World Bank criteria, China's economic growth is tough to predict.
Currently slowing down, China's economic growth might be challenged by the middle income trap that has caught Brazil but not Taiwan or Malaysia.




