economics

39 posts
Clarifying comparisons in censored cohort data: UK housing affordability

If you're pondering over the following chart for five minutes or more, don't be ashamed. I took longer than that. The chart accompanied a Financial Times article about inter-generational fairness in the U.K. To cut to the chase, a recently released study found that younger generations are spending substantially higher proportions of their incomes to pay for housing costs. The FT article is here (behind paywall). FT actually slightly modified...

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Clarifying comparisons in censored cohort data: UK housing affordability

If you're pondering over the following chart for five minutes or more, don't be ashamed. I took longer than that. The chart accompanied a Financial Times article about inter-generational fairness in the U.K. To cut to the chase, a recently released study found that younger generations are spending substantially higher proportions of their incomes to pay for housing costs. The FT article is here (behind paywall). FT actually slightly modified...

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Clearing a forest of labels

This chart by the Financial Times has a strong message, and I like a lot about it: The countries are by and large aligned along a diagonal, with the poorer countries growing strongly between 2007-2019 while the richer countries suffered negative growth. A small issue with the chart is the thick forest of text - redundant text. The sub-title, the axis titles, the quadrant labels, and the left-right-half labels all...

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Clearing a forest of labels

This chart by the Financial Times has a strong message, and I like a lot about it: The countries are by and large aligned along a diagonal, with the poorer countries growing strongly between 2007-2019 while the richer countries suffered negative growth. A small issue with the chart is the thick forest of text - redundant text. The sub-title, the axis titles, the quadrant labels, and the left-right-half labels all...

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Re-thinking a standard business chart of stock purchases and sales

Here is a typical business chart. A possible story here: institutional investors are generally buying AMD stock, except in Q3 2018. Let's give this chart a three-step treatment. STEP 1: The Basics Remove the data labels, which stand sideways awkwardly, and are redundant given the axis labels. If the audience includes people who want to take the underlying data, then supply a separate data table. It's easier to copy and...

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Re-thinking a standard business chart of stock purchases and sales

Here is a typical business chart. A possible story here: institutional investors are generally buying AMD stock, except in Q3 2018. Let's give this chart a three-step treatment. STEP 1: The Basics Remove the data labels, which stand sideways awkwardly, and are redundant given the axis labels. If the audience includes people who want to take the underlying data, then supply a separate data table. It's easier to copy and...

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Pay levels in the U.S.

The Wall Street Journal published a graphic showing the median pay levels at "most" public companies in the U.S. here. People who attended my dataviz seminar might recognize the similarity with the graphic showing internet download speeds by different broadband technologies. It's a clean, clear way of showing multiple comparisons on the same chart. You can see the distribution of pay levels of companies within each industry grouping, and the...

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Pay levels in the U.S.

The Wall Street Journal published a graphic showing the median pay levels at "most" public companies in the U.S. here. People who attended my dataviz seminar might recognize the similarity with the graphic showing internet download speeds by different broadband technologies. It's a clean, clear way of showing multiple comparisons on the same chart. You can see the distribution of pay levels of companies within each industry grouping, and the...

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Seeking simplicity in complex data: Bloomberg’s dataviz on UK gender pay gap

Bloomberg featured a thought-provoking dataviz that illustrates the pay gap by gender in the U.K. The dataset underlying this effort is complex, and the designers did a good job simplifying the data for ease of comprehension. U.K. companies are required to submit data on salaries and bonuses by gender, and by pay quartiles. The dataset is incomplete, since some companies are slow to report, and the analyst decided not to...

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The Economist on the Economist: must read now

A visual data journalist at the Economist takes a critical eye on charts published by the Economist (link). This is a must read! (Hat tip: Fernando) Here are some of my commentary on past Economist charts.

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