…First, look at nonresidential fixed investments. The justification for the cut in taxes on investment income and upper income individuals income taxes is that it leads to greater investments that…

…wage and salary income. Much empirical research has been dedicated to the estimation of consumption functions, generally finding that labor income is the primary driver of consumption (here’s a primer…

…Debt Reduces Lifetime Wealth.” The losses incurred from student debt outweigh the income increases. Again over time, the income of those without student debt surpass those with student debt.  …

…an impact. Employer Health Benefits Survey 2023 Annual Survey – Summary of Findings, kff.org, Similar chart to what is shown by Health Affairs is portrayed as Chart H shown on…

AB has been letting us know about a new blog from Mark Thoma. Mark’s chart of R&D relative to GDP reminds me of the debate between Paul Krugman and Bill…

…terms since the end of 1982. Naturally, this means that the value of US oil imports will continue to grow from their already high levels. As the chart below illustrates,…

…of GDP, and net income payments to foreign owners of capital of 4% of GDP. A net foreign asset position of -100% of U.S. GDP is conceivable: Britain, after all,…

…1, which provides a great visualization of Irish income per capita, tax rates, and developments in the European Union. Chart 1: Ireland’s GNP per capita, relative to European GNP per…

…first step in a series of income tax rate reductions to be phased in by 2006… How did that one work out? Let’s take a quick look at those omitted…

…have a very strong negative correlation. If rising oil prices generate a drop in real income or standard of living one of the easiest way to compensate is to delay…