Playing sports increases your paycheck
The WSJ Real Time Economics blog reviews a paper by Michael Lechner which finds that “sports-playing adults saw a boost in income of about 1,200 euros per year over 16 years when compared to their less...
View ArticleWage inequality
Many economists have noted that wage growth has not kept up with overall economic growth over the past few decades. We observe widening wage inequality since the 1970s. Are workers getting poorer...
View ArticleAre all the good men married?
Does marriage cause men’s wages to rise? This is the question addressed by UCSD professor Kate Antonovics and Robert Town in their 2004 paper in AER cleverly titled “Are all the good men married?” It...
View ArticleJob Stretch
In this blog, I have frequently discussed the concept of Job Lock. Job Lock occurs when you don’t leave a job that you wish to leave (either because it is low paying or you do not like the work)...
View ArticleCalculating Multifactor Productivity
What is multifactor productivity? Multifactor productivity (MFP) is a measure of real output per combined unit of labor and capital, reflecting the contributions of all factors of production. A change...
View ArticleAdd to Your Skills Toolkit: The Oaxaca Decomposition
Suppose you look at health care spending in two different regions and observe a significant difference. You may want to know what the cause of this difference is. Is it because one region has a mix...
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