Mercari is a peer-to-peer marketplace where sellers offer used and new merchandise to buyers. The way it works is that a seller will post an item for sale and buyers will purchase the items. Once the good is delivered to the buyer, he has three days to rate the seller, return the item, or ask […]
Month: April 2020
This post looks at how much an increase of 1 dollar in annual earnings has on the size of the real estate industry by percentiles of the income distribution. For example, at the 10th percentile of the wage distribution, a one dollar increase in annual wages leads to a $4.4 million increase in the size […]
This post looks at what makes people the most happy. I take data from the General Social Survey (GSS) on happiness and look at the likelihood of happiness given job satisfaction, being married, or having children. For the happiness measure, I define happy as those who responded that they were very happy or pretty happy. […]