The Economist blogged on a same topic that I have explored in an earlier blogpost here. That showed data from the OECD that in a vast majority of its member countries, people are working fewer hours than they did in 1990. While people do generally work less hours in these OECD countries, the reduction in hours […]
The New York Times today has an interesting article on how to measure poverty. To oversimplifying things, there are probably three ways to measure poverty. The first one, as Hong Kong is now trying to do, is to set a “poverty line”: people whose income falls below this level would be considered “poor”. The second […]
I’m back to Harvard where I have to decide on which classes to take in the new semester. Naturally, some classes (or professors) are more popular – much more popular – than others. So there exists a natural economic question: how should we allocate the scarce resources (seats) to all the students? The Harvard Kennedy […]