Infographic: Which Americans Are Happiest?
Chicago Booth’s Sam Peltzman analyzed nearly 50 years of data to identify the factors most associated with happiness.
Infographic: Which Americans Are Happiest?E-commerce’s share of spending has tripled in the past decade. That has implications for many individual companies, both new and old, but it’s also relevant to something broader: price inflation. By constructing a Digital Price Index that approximates the US Bureau of Labor Statistics’ Consumer Price Index, Chicago Booth’s Austan D. Goolsbee and Stanford’s Peter J. Klenow find that inflation is lower online than it is in brick-and-mortar stores—a full percentage point per year lower from 2014–2017, and three percentage points per year lower when new products are factored in. The researchers suggest that this disparity, coupled with continued growth for e-commerce, could influence overall inflation levels in the economy and change how inflation is measured.
Chicago Booth’s Sam Peltzman analyzed nearly 50 years of data to identify the factors most associated with happiness.
Infographic: Which Americans Are Happiest?The podcast explores questions at the heart of recent campus protests—and university governance.
Capitalisn’t: The Economics of Student ProtestsA Chinese pandemic-era program involving targeted digital coupons generated almost three times as much buying as the coupons cost.
For Economic Stimulus, Try Giving People Coupons, Not CashYour Privacy
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