Social Econ Blog

Tyler Cowen's latest NYTimes column provides an excellent summary of Justin Wolfers and Betsey Stevenson's research on divorce. Check it out.

Until recently, there was a company in Japan that had been operated by the same family since 578. Yes, that's right, a company was run by 40 members of the same family over a 1400 year span. Crazy.

After being sick for a month, I am (maybe?) starting to recover enough to resume blogging.

This week's Economix column in the NYTimes discusses an interesting analysis of buying a home versus renting. The punchline is, unless you plan on staying put for awhile, you probably want to rent -- especially if you live in one the Northeast, California, Florida, or the Southwest. They even put together a cool interactive feature which allows you to enter basic variables (e.g., rent, home price, down payment, mortgage rate, and property taxes) and it outputs how many years (at certain assumed rates of home appreciation) it takes for purchasing a home to be "worth it." While one might quibble with some of the assumptions underlying their calculations, the methodology is pretty good.

Also on the real estate front, someone took the graph of real home prices in the US and turned it into a rollercoaster. Enjoy the ride: