Data and Visualization Resources for Incomes and Inequality

Posting links to two incredibly useful resources for students and people doing research on incomes, income distribution, and income inequality. These resources are useful for both historical data and visualizations as well as cross-country comparisons. The first is the World Top Incomes Database from the Paris School of Economics. Many thanks to the Paris School … Continue reading Data and Visualization Resources for Incomes and Inequality

Busting the Medicare Myths – Presentation

I gave a presentation today to the Michigan Intergenerational Network at Madonna University on the economic prospects of Medicare (U.S.). Thanks to the Madonna Univ. Gerontology Department for support and assistance. For a downloadable and viewable copy of the presentation, see:  https://jimluke.com/course-resources/presentations/busting-myths-about-medicare/.

Awesome Resource – The World Top Incomes Database

Any student, researcher, or #OWS protestor interested in income distribution and income growth should definitely be aware of this resource:  The World's Top Incomes Database.  (hat tip to Krugman, from whom I learned about it).  It's a very powerful database combined with a very easy to use interface that allows you to extract exactly the … Continue reading Awesome Resource – The World Top Incomes Database

Not Retiring Is the New Retirement Plan For Many

CalculatedRiskBlog tells us about a new major study of American workers and their retirement plans.  The study is published by the Transamerica Center for Retirement Studies [note for students: the center is an excellent source of research data and analysis].  CalculatedRisks summarizes: From Rachel Ensign at the WSJ: For Many Seniors, There May Be No Retirement … Continue reading Not Retiring Is the New Retirement Plan For Many

Interesting Tool: Wage and Worker Distribution by Compensation, 1997-2009

Remapping Debate has put together an interesting interactive tool you can use.  I'm showing a static image of the tool below because security precautions at wordpress.com (this blog's host) prevent including the full scripted interactive tool.  But if you click on the image you will be taken to the Remapping Debate site and the interactive … Continue reading Interesting Tool: Wage and Worker Distribution by Compensation, 1997-2009

Story of a Cheap Dress (and an Economy, too)

I just found a site that should prove of particular interest to students of American economic and business history:  The Etsy Blog. They call themselves "anthropologists of commerce." The article I found tells of the century long evolution of a "cheap dress".  Really it's the evolution of women's clothing from do-it-yourself to ready-to-wear knock-offs of … Continue reading Story of a Cheap Dress (and an Economy, too)

Historical Income Tax Rates Analysis Tool

After the More button is information from ReMapping Debate on how you can download (unfortunately Windows-only) a tool that let's you analyze and compare tax rates and taxes paid for any type of filer between 1945 and 2010.  For example, you can see if a married filing jointly household with $75,000 in income would have … Continue reading Historical Income Tax Rates Analysis Tool

House Prices Still Pretty High Historically

From Barry Ritholtz at Big Picture.  Note the red portion is Steve's projection and not based on actual data.  I think it's a reasonable projection.  House prices nationwide are still too high compared to historical norms.  Of course, things may be different in your neighborhood. I asked Steve to update Shiller’s NYT chart, now that … Continue reading House Prices Still Pretty High Historically

Global Information Technology Report

If you're comparing countries economically (are you listening Comparative Econ Systems students?), you may want to check this report out.  It's a global comparison of how countries have performed in adopting information technologies for the future.  As usual, Sweden and Singapore top the list.  It's downloadable (pdf) and it's comprehensive - 400+ pages.  Check it … Continue reading Global Information Technology Report

Labor Productivity in Development

For economic geography and comparative economic systems students from Dani Rodrik: Another U-curve in economic development During the course of research my co-author Maggie McMillan and I were doing on broad patterns of structural change, our research assistant Inigo Verduzco stumbled on an interesting stylized fact that is captured in the figure below. What it … Continue reading Labor Productivity in Development