Tag Archives: consumption

The Rich Drink More but Smoke Less. Why?

Posted on April 25, 2013 by Michael Morrison

Why the Rich Drink More but Smoke Less: The Impact of Wealth on Health Behaviors “Wealthier individuals engage in healthier behavior. This paper seeks to explain this phenomenon by developing a theory of health behavior, and exploiting both lottery winnings … Continue reading →

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Inequality Deniers: Consumption Offsets Income Inequality. What Does the Evidence Say?

Posted on November 13, 2012 by Michael Morrison

Inequality deniers claim that income inequality metrics exaggerate inequality because consumption inequality has decreased. In other words, the poor have refrigerators so things aren’t as bad as some think. (Sorry about the sarcasm.) What does the evidence say? Research by Attanasio, … Continue reading →

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The Facts on U.S. Fossil Fuel Production

Posted on October 31, 2012 by Michael Morrison

Contrary to what you may have heard U.S. fossil fuel production is at an all time high (first graph), producing almost 85% of its fossil fuel consumption (second graph).                 Related posts U.S. … Continue reading →

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Study: High-End Income Earner Tax Cuts Fail to Produce Economic Growth

Posted on September 13, 2012 by Michael Morrison

Trickle-down, supply-side economics, predicts low marginal tax rates for the wealthy will stimulate investment, thereby improve economic growth, job creation and improvement of economic conditions of all groups in American society.  Owen  Zadar examined this theory, specifically investigating how tax … Continue reading →

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