In our previous blog post, we introduced 3 common measures of divorce. Both the crude divorce rate and the refined divorce rate of the United States show that the number of divorces in the U.S. has been declining. We now look at some factors affecting divorce. Domestic Violence Bowlus and Seitz (2006) show thatContinue reading “What Leads to Divorce? Some Economic Findings”
Category Archives: Economic Research Centre
How Do We Measure Divorce Rates? Introduction of 3 Common Measures
There has been a myth in the United States, which is that over 50% of the married couples in United States will end in divorce. If true, it will bring a lot of irreparable damages to children, families, and the taxpayers. Are we able to debunk the myth from the 3 common measures of divorce? Continue reading “How Do We Measure Divorce Rates? Introduction of 3 Common Measures”
When Does Good Money Drive Out Bad Money
I. Introduction Gresham’s Law is a theory that predicts what will happen when two kinds of money circulate in an economy at the same time. However, the Gresham’s Law is conditional on certain circumstances. Outside of those circumstances, its predictions may not come true. II. The Story of Gresham’s Law The story of Gresham’sContinue reading “When Does Good Money Drive Out Bad Money”
Possible causes behind the recent economic crisis of Sri Lanka
Background A perfect storm has been riding on Sri Lanka that causes a widespread impact on its economy, society and order. Due to the reckless tax cut and the sluggish tourism sector caused by the COVID-19 pandemic and Russia-Ukraine War, the Sri Lanka government’s revenue dropped sharply with its budget deficit picking up. On theContinue reading “Possible causes behind the recent economic crisis of Sri Lanka”
Decomposition of Consumer Price Index in Hong Kong
Most countries around the world have been undergoing an increasing upward pressure on the price levels as shown by consumer price index, including the United States, the United Kingdom, the EU zone, Singapore and so on. Nonetheless, Hong Kong stands out in the crowd with its price level hovering around 1 to 2%. In MayContinue reading “Decomposition of Consumer Price Index in Hong Kong”