I’d also add that female labor force participation rates will move these numbers around some. Their calculations assume all countries have 50% female participation when calculating income, when it actually varies from 11%-85% or so.
Yeah, and it doesn’t adjust for taxes there either. I thought this was less of an issue when comparing rents to owning though, as the same error should affect both equally.
I’d also add that female labor force participation rates will move these numbers around some. Their calculations assume all countries have 50% female participation when calculating income, when it actually varies from 11%-85% or so.
Yeah, and it doesn’t adjust for taxes there either. I thought this was less of an issue when comparing rents to owning though, as the same error should affect both equally.