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There's a book somewhat related to this idea called The Two Income Trap. I haven't read it yet, but recently read a good book review of it[0] that discusses the
by ceras 8y ago
There's a book somewhat related to this idea called The Two Income Trap. I haven't read it yet, but recently read a good book review of it[0] that discusses the extra competition created by two-income households and tries to vet the book's evidence. It also discusses the related problem that comes from treating "good school districts" as a positional good, causing a negative externality of over-competition and consumption beyond the intrinsic economic benefit of that good.
[0] http://slatestarcodex.com/2014/06/28/book-review-the-two-income-trap/ http://slatestarcodex.com/2014/06/28/book-review-the-two-inc...
- toomuchtodo 8y agoIt’s a great book, written by (now Senator) Elizabeth Warren (from the great state of Massachusetts).