Economics

And once they are accounted for, measured wealth inequality plummets.  One reason that the illiquid and non-market resources of DB [defined benefit] pensions and Social Security are typically excluded from studies of wealth concentration is that they are not directly available in household-level survey data. Our work addresses this issue by taking data from the …

According to the Council on Foreign Relations, every city hosting the Olympics since 1960 incurred cost overruns, sometimes by tens of billions of dollars.

Most studies of mega-events such as Olympic Games find a relatively small impact on the cities that host them. One reason given for this finding is that the event displaces tourists who otherwise wo...

This paper is the first to study the effects of hosting Olympic Games on regional economic output beyond population dynamics. For identification, runn…

A lot of people around the world will tune in to see the Summer Olympics opening ceremony this Friday, but how beneficial is it for Tokyo (or any other city) to even host the games?

Holy sh*t.

Investigation shows scale of big food corporations’ market dominance and political power

Crank out the piggy bank... If you're still signing field trip forms, a $300 check could be on its way. Today, the US government starts sending...

Another month, another inflation shocker

The exercise bike company improbably has Spotify and Apple Music beat when it comes to cashing out artists.

Apple Pay purchases could soon be broken up into installments

The surprising startup boom that took root in the U.S. last year shows little sign of having slowed, and, in fact, looks to be one factor in the nation's high turnover rate in jobs.Several weeks after the pandemic hit in March 2020, economists spotted an uptick in the number of people filing…

Global happiness levels are determined by many diverse factors. These maps look at the happiest and unhappiest countries in every region.

(Bloomberg) -- Lumber, which at one point was among the world’s best-performing commodities as the pandemic sent construction demand soaring and stoked fears of inflation, has officially wiped out all of its staggering gains for the year.Prices at Monday’s close are now down 0.6% for the year as demand eases and supply expands in response to earlier gains. The rally turned a common building product into a social media sensation and a flash point in the debate over U.S. monetary policy. At one po

The rises threaten to drive up costs at the breakfast table as the world’s biggest coffee producer, Brazil, faces one of its worst droughts in almost a century.

WASHINGTON (AP) — President Joe Biden signed an executive order on Friday targeting what he labeled anticompetitive practices in tech, health care and other parts of the economy, declaring it would fortify an American ideal “that true capitalism depends on fair and open competition."

If Tony Soprano were driving in 2021… he’d pull up in a Volkswagen. European antitrust regulators fined Volkswagen and BMW more than $1B – about...

Genuine Progress Indicator takes into account the well-being of a nation by incorporating environmental and social factors which are not measured by GDP.

Architecting a life in 100 post-its & 1 Saturday Afternoon

Every day, millions of tons of goods pass through ports to get to their end consumers. Here are the world's busiest ports, and how numbers have changed.

Since Gov. Gretchen Whitmer announced a $5 million lottery pool for those getting the COVID-19 vaccine, she’s touted that 1 million have signed up for the lottery — but the state cannot say if it’s luring more people to the shots. Several local health officials say it hasn’t.

In 2016, the federal minimum wage of $7.25 was worth 25 percent less than at its peak value in 1968, after adjusting for inflation.

The partial collapse of the Champlain Towers South in Surfside, Fla., has plunged older beachside condos and high-rise buildings like it into a swirl of apprehension.

What is Bitcoin? Learn about this and more simple, visual, stress-saving financial tips from Napkin Finance.

If we want to understand the economic effects of socialism, North Korea is a good place to start because we can compare it to South Korea. But how do we stud...

Jobs and pay can vary a lot depending on where you live, based on 2013 data from the Bureau of Labor Statistics. Here’s an interactive to look.