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Money can’t buy you love, but can it buy you life?

Raj Chetty et al. published a study of the correlation of class and life expectancy that got a lot of press, but I hadn’t actually looked at the original publication until this week. Here is the correlation between life expectancy

Posted in Health, Inequality, Medianism

The US is more interested in median income than anywhere else in the world

Interest in median income is much bigger in the US compared with the rest of the world according to Google Search Trends. Perhaps the US is more interested in median income because, as Brian Nolan, Max Roser, and Stefan Thewissen

Posted in Medianism

Median income per capita

One of the big problems with our official median income statistics is that the government only estimates the median income of households and we care about the welfare of people, not households. Household size has dropped which has tended to

Posted in Medianism

The fracking belt?

Last December, the Census Bureau released official maps showing median income growth by county since the Great Recession began in 2007. Too bad we don’t have data for 2016 yet. It might be interesting to use it to analyze voting

Posted in Medianism

Bluffton University does a great job of producing upward mobility for our median student

The Equality of Opportunity Project has a new data set about the earnings of college graduates and the incomes of their parents which I used for the following table. I selected the schools that my 18-year old has visited (underlined below) as

Posted in Medianism

Mmutilitarianism: The accidental ethical foundation of economics and business.

Note: This is an adaptation for students of an old post. Everyone has some sort of moral philosophy whether they realize it or not.  The three major schools of ethics are deontology, consequentialism, and virtue ethics.  Deontology is an ethical system

Posted in Medianism

Real median wage growth highest in 15 years

The Atlanta Fed regularly publishes a measure of median nominal wage growth for several interesting demographics, but for some reason, they don’t publish any measure that is adjusted for inflation, so I created one using a running 2-month average of

Posted in MELI & Econ Stats

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