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Discuss why the empirical support for PPP and the law of one price is weak in recent data.
Midlife Review
Introspective examination that often occurs in middle age, leading to reappraisal and revision of values and priorities.
Developmental Deadlines
Refer to the specific age by which most individuals have achieved certain developmental milestones, beyond which there may be concerns about developmental delays.
Social Clock
Set of cultural norms or expectations for the times of life when certain important events, such as marriage, parenthood, entry into work, and retirement, should occur.
Midlife Crisis
A period of emotional turmoil in middle age characterized by a desire for change or reassessment of one's life.
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