The Rug Rat Race

Fabulous title, eh? For your delectation and intellectual stimulation, may I direct you to the working paper of that name by Garey Ramey and Valerie A. Ramey from the National Bureau of Economic Research, published in August 2009. (So it’s September and I’m behind in my reading. I’ve been travelling. That’s my excuse.)
This working paper [...]

What price do you put on your children?

No, not on the open market.
For a while now the figure of over $500, 000 (Australian dollars) has been bandied about as the cost to raise two children to the age of 21. Not so, says Michael Dockery, an associate professor in the school of economics and finance at the Curtin University of [...]