Expected years in retirement by gender in the G7 countries, Australia and New Zealand

image

Source: OECD Pensions at a Glance 2015.

The National Living Wage and the productivity challenge

Flip Chart Fairy Tales

Research published earlier this week by the Social Market Foundation and Adecco Group concluded that many businesses will struggle to meet the cost of the National Living Wage (NLW). Without a significant productivity boost, many businesses will be forced to cut costs, which, almost inevitably, means cutting jobs.

The trouble is, the businesses likely to be most affected by the NLW are also the ones least likely to have the wherewithal to improve productivity. For example, the severely affected firms are already less likely to train people.

Screen Shot 2016-02-15 at 18.12.47

Chart by Social Market Foundation

As Nida Broughton, the SMF’s chief economist says:

The low stock of skills amongst those affected by the new National Living Wage, and the relative lack of access to in-work training, means that businesses and the Government will have to act to make sure that workplace productivity rises alongside the new regulated wage.

If businesses can increase productivity there is less…

View original post 386 more words

The Origins of the Superrich: The Billionaire Characteristics Database

Mostly Economics

Caroline Freund and Sarah Oliver have this interesting paper on superrich across world regions:

This working paper presents a new dataset on the sources of billionaire wealth and uses it to describe changes in extreme wealth in the United States, Europe, and other advanced countries. The data classify wealth as either self-made or inherited and identify the company and industry from which it comes. Among self-made billionaires, individuals are further classifi ed as company founders, executives, politically-connected, or in finance.

Data analysis shows that the superrich in the United States are more dynamic than in Europe. Just over half of European billionaires inherited their fortunes, as compared with one-third in the United States. The median age of a company of a European billionaire is nearly 20 years older than that of an American billionaire. Traditional sectors explain more than half of the rise in wealth in Europe; the financial sector…

View original post 59 more words

Where does this stairwell in India go

https://twitter.com/archpics/status/700363661232205826

Image

Gary Becker on the weak case for a fat tax

Source: Taxing Fat-BECKER – The Becker-Posner Blog.

Smoking – where are the externalities?

It will be a slow train coming before the Morgan Foundation calls for a cut in the tobacco tax because the optimal Pigovian tax on it is already too high from the perspective of externalities or the burden on the public health budget.

Source: Cigarette Taxation and the Social Consequences of Smoking | Heartland Institute.

I think smoking is disgusting and unhealthy but that does not give me the right to regulate the disgusting habits of others. Where would I start in regulating risk-taking? I would have to start with swimming, tramping and biking. They are all high-risk activities of the self-righteous? Not everything others do that I do not like causes an externality.

Few economists work on the economics of smoking other from the starting point that it should be reduced. Those that do not share that starting point such as Robert Tollison, Gary Anderson and William Shughart are subject to relentless personal abuse. They are immediately denounced as the paid whores of the tobacco industry.

That was one of the reasons I got interested in the economics of smoking. There must be something in the case made by Robert Tollison and others questioning tobacco taxes if the first line of argument against them is you are saying that because someone paid, you low down dog.

Field of study by gender across the OECD

Effective labour market exit age by gender in the G7 countries, Australia and New Zealand

image

Source: OECD Pensions at a Glance 2015.

.

Diseases and vaccinations

Dodgy Brothers (Tax Pack)

FondOfBeetles

a developmental biologist in a gendered world

Overcoming Bias

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

CONVERSABLE ECONOMIST

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Barrie Saunders

Thoughts on public policy and the media

The Victorian Commons

Researching the House of Commons, 1832-1868

Coyote Blog

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Overlawyered

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

American Enterprise Institute – AEI

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The History of Parliament

Blogging on parliament, politics and people, from the History of Parliament

(macro)Economics live from London

Franck Portier's professional page

Catallaxy Files

Australia's leading libertarian and centre-right blog

Climate Audit

by Steve McIntyre

The Secret Barrister

Independent Blogger of the Year, The Comment Awards 2016 & 2017

Notes On Liberty

Spontaneous thoughts on a humble creed

StephenFranks.co.nz

A New Zealand lawyer, ex-MP, farmer and enthusiast for life opines on law, politics and the universe

Books & Boots

reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

The Dangerous Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The Long Run

the EHS blog

The Undercover Historian

Beatrice Cherrier's blog

Vincent Geloso

Economics, History, Lots of Data and French Stuff

Climatism

Tracking Anthropogenic Climate Alarmism

Science Matters

Reading between the lines, and underneath the hype.

Point of Order

Politics and the economy

FREEcology

Libertarian environmentalism

Doc's Books

A window into Doc Freiberger's library

Newmark's Door

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Media Myth Alert

Calling out media myths

Uneasy Money

Commentary on monetary policy in the spirit of R. G. Hawtrey

European Royal History

Exploring the History of European Royalty

Tallbloke's Talkshop

Cutting edge science you can dice with

Marginal REVOLUTION

Small Steps Toward A Much Better World

THE COLUMBOPHILE

The blog for those who LOVE Lieutenant Columbo...

The Risk-Monger

Let's examine hard decisions!

NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.

STOP THESE THINGS

The truth about the great wind power fraud

%d bloggers like this: