Concerns over whether children will be able to live in their parents' hometowns or whether renters are being displaced by gentrification are prevalent in large coastal cities. Zoning restrictions, such as minimum lot sizes, tend to be set at the city and town level.
...What tools do economists have to measure how well an economy is doing? Michael Klein, Executive Editor of EconoFact and Dan Sichel (Wellesley) highlight the advantages, as well as the drawbacks of focusing on gross domestic product (GDP) - a measure of the value
...For firms such as Amazon, Google, and Facebook, the larger the number of people who use their product, the more valuable it becomes for people to use that product. This is one example of the forces at work in the modern, digitized economy that foster the rise of
...Economists broadly agree that the best way to reduce fossil fuel emissions is by putting a price on them. Michael Klein, Executive Editor of EconoFact and Gilbert Metcalf (Tufts) discuss some of the challenges of implementing a carbon tax in the U.S. They highlight
...Those who bought homes in the 1980s and 90s experienced significant gains in wealth. But for families who purchased a home in the years before the 2008 recession, especially those with low income, homeownership did not contribute to wealth accumulation. Jeffrey
...With the ongoing trade tensions between the U.S. and China, Michael Klein, Executive Editor of EconoFact, and Marc Melitz (Harvard) discuss why the difference between the value of goods imported and exported between one country and another should not be a central
...Stock market volatility—big swings in the prices of stocks—had actually been relatively low in the period of recovery from the financial crisis through 2017. However, that trend has been changing of late, with several incidences of volatility marked by ‘short,
...
U.S. political leaders from President Trump to Democratic presidential candidate Elizabeth Warren see the dollar’s current strength as a drag on the American economy. A strong dollar makes U.S. goods more expensive in foreign markets while at the same time making it more difficult for U.S. producers
...Globalization refers to economic integration along various dimensions - international trade, the movement of people, as well as of capital. While such integration has made people better off in aggregate, it has created winners as well as losers. How much of globalization's
...