3 posts tagged with economics by shivohum.
Displaying 1 through 3.
Stickk.com allows people to undertake commitment bonds: promises that they will do something (lose weight, quit smoking, etc.) or else forfeit a pre-determined amount of money to a charity. Either the honor system or a referee can be used to decide if the goal is met. The idea is related to Nobel prize-winner Thomas Schelling's concept of strategic precommitment. More here, here, and here.
posted on Jan 18, 2008 - View this thread
A new U.S. Treasury Report (press release) reports that tax returns from 1996 to 2005 show that income mobility in the U.S. is "considerable," with rising earnings, and top earners who often stumble. The WSJ crows. Pew releases its own research (reports, press release) on income inequality today with a multi-decade outlook, but summarizes the findings as that American families' income mobility is still highly dependent on their parents' position. Forbes and a The New Republic blog try to reconcile the reports. Meanwhile, blacks appear to be downwardly mobile.
posted on Nov 13, 2007 - View this thread
The Happy Planet Index presents an alternative to GDP for measuring standard of living. It ranks countries by measuring life expectancy and self-reported life satisfaction against an "ecological footprint" needed to support that country's lifestyle. The press release claims that well-being is not based on high levels of consumption, but many don't agree. Full report in PDF here. Vanuatu tops the charts, while Zimbabwe and Swaziland lie at bottom. Critiques here, here, here, and here. A critique of happiness indices generally here.
posted on Jun 3, 2007 - View this thread