What's on England's Mind Today, Part 1 (National Happiness)
Britain will soon begin “measuring people’s psychological and environmental well-being” — i.e., their happiness. Read More »
The “No-Lose” Lottery
For this week’s Freakonomics Radio segment on Marketplace, I sent host Kai Ryssdal two envelopes. The first one contained an object that Americans spent over $58 billion on last year: a lottery ticket. We know Americans like to play the lottery, even though it’s not a very good investment. The odds of winning aren’t great, Read More »
The Parent Trap: Addiction
Shankar Vedantam of Slate hypothesizes that people continue to procreate, despite overwhelming evidence that parenting isn’t very fun, for much the same reason that cocaine users can’t quit: they’re addicts. Read More »
Labor Market Arbitrage
The Economist explains how discrimination in the labor market can be reduced by competition in product markets. As in the U.S., Korean women obtain at least the same education as men; but their rates of labor-force participation are much further below those of men than is true in the U.S., and that’s even true for highly educated women. This provides room for companies to hire equally or more qualified women at the same or even lower wages than men. Read More »
