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.
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.
Looking at delayed gratification through Walter Mischel's marshmallow test and other studies, researchers can better grasp who will save for retirement.
Because middling food like hamburgers is consumed by most people in the affluent West, what we eat does not necessarily reflect inequality or social status.
Although it seems callous, for safety regulation like speed limits and for victims' compensation like 9/11 we need to quantify the value of a life.
Nothing but grass, lawns began as conspicuous consumption from the English and French aristocracy and now are a middle class manicured status symbol.
Depending on how fast news travels, high speed trading can be done through homing pigeons or computers but both have created information asymmetry.
Recognizing that neighborhoods with better schools and other shared characteristics affect income mobility, anti-poverty policy can become more effective.
For major OECD countries and the U.S., the source and destination for healthcare spending reflect national values about limited government.





