Income

A couple months ago, we reported on a study that found raising the minimum wage to $15 could have prevented thousands of premature deaths in New York City alone. Now comes more science on the life-saving benefits of higher wages — this one found that just a modest increase in the minimum wage could have saved the lives of hundreds of babies. It’s yet another reminder that the movement for a living wage is also a movement toward a healthier nation for all. Published last week in the American Journal of Public Health, the study examined the impact of state-based minimum wage laws on the rate of…
Just a few weeks ago, legislators in New York reached a deal to raise the minimum wage to $15. And while that’s certainly a big boost for incomes, it could also turn out to be a literal lifesaver. Published this month in the American Journal of Public Health, a new study found that if $15 had been New York City’s minimum wage from 2008 to 2012, 2,800 to 5,500 premature deaths could have been averted, with the bulk of such avoided deaths occurring in low-income communities. To conduct the study, researchers used U.S. Census data to calculate how the proportion of low-income residents in each…
Poverty and poor health often go hand-in-hand. However, the effects of poverty may be especially profound for children, who are moving through critical developmental and educational phases in their young lives. Knowing that this social determinant of health can lead to a lifelong struggle with poor health and disease, the American Academy of Pediatrics is now calling on pediatricians to screen their young patients for poverty. Connecting low-income patients with social services and assistance is not necessarily new for many health care providers, but the fact that the nation’s leading…
In the U.S., the gap in life expectancy by income is getting wider. To be even clearer: Life expectancy for people with higher incomes has gone up over time, while life expectancy for people earning lower incomes has actually declined. In “The Growing Gap in Life Expectancy by Income: Implications for Federal Programs and Policy Responses,” which the National Academies of Sciences, Engineering and Medicine released last week, authors analyzed life expectancy patterns among Americans born in 1930 and compared them with projections among a group of Americans born in 1960. They found that top-…
There are two recent studies of gender disparities in science and technology (referred to by the faintly awful acronym "STEM") getting a lot of play over the last few days. As is often the case with social-science results, the data they have aren't quite the data you would really like to have, and I think it's worth poking at them a little, not to deny the validity of the results, but to point out the inherent limitations of the process. The first is a study of lifetime earnings in various fields that includes this graph showing that women with a Ph.D. earn about the same amount as men with a…
tags: neuroscience, happiness, experience, memory, colonoscopy, vacation, well-being, income, Daniel Kahneman, TEDTalks, streaming video Using examples from vacations to colonoscopies, Nobel laureate and founder of behavioral economics Daniel Kahneman reveals how our "experiencing selves" and our "remembering selves" perceive happiness differently. This new insight has profound implications for economics, public policy -- and our own self-awareness. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers…
Would a rose by any other name smell just as sweet? Maybe, but it might cost less. It turns out a name might be more important than we'd like to think - it might affect how much you get paid. Swedish scientists have found that simply changing your name from a foreign-sounding one to one a little more local (at least in Sweden) can boost your earnings by an average 8.2%. It's possible that employers discriminate between employees in a whole host of ways. In America, women earn something around $0.80 for ever $1.00 men earn. Studies have found that dressing a certain way or even wearing perfume…
"This planet has - or rather had - a problem, which was this: most of the people living on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movements of small green pieces of paper, which is odd because on the whole it wasn't the small green pieces of paper that were unhappy." - Douglas Adams In this pithy paragraph, the sorely missed Douglas Adams sums up a puzzling paradox of modern life - we often link happiness to money and the spending of it, even though both proverbs and psychological surveys…