A majority of American adults live in owner occupied housing. As an economist, I celebrate the logic of revealed preference. While many poor people are renters, many non-poor people reveal that the benefits of ownership exceed the costs. In this entry, I would like to delve into the details here.
My Research and My Books
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I have moved m y blog over to Substack (and I've lost many readers). Please join me there. Here is a recent column. The Wall Street ... -
Dear Readers, In recent months, I have posted my public writing to my free Substack. I have such fond memories of Google Blogspot, thus...
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I will be teaching Econ 101 at USC this fall. There will be at least 150 students in my class. There are several Principles textbooks I co...
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Demographic trends appear to matter in determining what products we see supplied in markets. The Los Angeles Times sports section yesterday...
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Here is a photo of the 30,000 square foot mansion that he doesn't want to talk about in Florida. As a role model, he should make publi... -
A team of Brown University economists have used lights at night to study economic growth around the world. You can read their paper here. ...
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Some bloggers have suggested that one beneficial role that bloggers offer is helping readers to economize on search costs. We (the bloggers...
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When I was a kid, we would drive out to Queens, NY to see my grandfather. Along the highway, we would drive past the rusting remains of the...
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In 1976, Richard Freeman's book The Overeducated American was published. In a nutshell he argued that the returns to U.S college educat...
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Millions of American workers engaged in Work from Home (WFH) during the pandemic. WFH helped us to adapt to the risk of disease contagi...
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