Thomas Sowell (former Marxist) Dismantles Leftist Ideology
19 Nov 2014 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, liberalism Tags: Leftover Left, progressivism, Thomas Sowell
Offsetting behaviour alert: KiwiSaver and the Accumulation of Net Wealth (WP 14/22) — The Treasury
18 Nov 2014 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, financial economics Tags: KiwiSaver, offsetting behaviour
Abstract
The objective of this paper is to analyse the extent to which membership of KiwiSaver has been associated with greater accumulations of net wealth.
The paper utilises two linked sources of data which cover the period 2002 to 2010: Statistics New Zealand’s Survey of Family, Income and Employment and Inland Revenue Department administrative data on KiwiSaver membership.
Two approaches are employed: difference-in-differences (where the outcomes of interest are changes in net wealth) and various panel regression techniques.
Results appear consistent with earlier evaluations of KiwiSaver. Neither approach suggests KiwiSaver membership has been associated with any positive effect on net wealth accumulation.
via KiwiSaver and the Accumulation of Net Wealth (WP 14/22) — The Treasury – New Zealand.
Judge calls for tourists to sit driving test – National – NZ Herald News
18 Nov 2014 Leave a comment
in applied price theory, economics of crime, economics of regulation, human capital, law and economics
Speaking through an interpreter, Judge Phillips told Sun his driving was “nothing short of atrocious”.
“You were all over the road for no reason, you were drifting around corners, cutting corners and crossing the centre line.
“It’s a classic case of why people need to have examinations done before taking control of powerful rental cars on New Zealand roads.”
I don’t think a driver’s test would fix this obviously irresponsible driver of his lack of regard for the safety of others. He does not have a skill gap as a driver. He is just plain irresponsible.
via Judge calls for tourists to sit driving test – National – NZ Herald News.
A Conversation with Gary Becker: The Future of US Economic Policy
18 Nov 2014 Leave a comment
in applied price theory, applied welfare economics, Gary Becker Tags: Gary Becker
Sam Peltzman radio interview
17 Nov 2014 Leave a comment
in applied price theory, applied welfare economics, business cycles, economics of regulation, history of economic thought, industrial organisation, law and economics, liberalism, macroeconomics, Sam Peltzman Tags: Sam Peltzman
The impact of the burglar resistant locks and windows on burglary rates
17 Nov 2014 Leave a comment
in applied price theory, economics of crime, law and economics, occupational choice Tags: crime and punishment, economics of crime
The Dutch government mandated the use of burglar-resistant locks and window and door frames in all new residential construction as of January 1, 1999. The regulation has now affected close to a million homes. The security was built-in and did not require any change in behaviour.
Figure 1:. Victimisation of burglary by year of construction of the home, the Netherlands
When comparing homes built just before and just after the change in the regulation, Vollaard and Van Ours (2011) found that homes with the built-in security to have a 26% lower rate of burglary.
The Economics of Elysium
16 Nov 2014 Leave a comment
in applied price theory, development economics, F.A. Hayek, growth disasters, growth miracles, income redistribution, law and economics, Marxist economics, movies, property rights, Public Choice, rentseeking Tags: Cuba, Elysium
Impact of the Work of Gary S. Becker | James Heckman
15 Nov 2014 Leave a comment
in applied price theory, Gary Becker, labour economics, law and economics Tags: Gary Becker, James Heckman
Joseph Schumpeter, economic growth, and creative destruction
15 Nov 2014 Leave a comment
in applied price theory, comparative institutional analysis, entrepreneurship, liberalism, theory of the firm Tags: creative destruction, Joseph Schumpeter
The Economics of Crime and the Law| Levitt, Landes, Mulligan and Peltzman reflect on Gary Becker’s legacy
14 Nov 2014 Leave a comment
in applied price theory, economics of crime, Gary Becker, history of economic thought, law and economics, property rights Tags: Gary Becker, Sam Peltzman
BEER HISTORIES: The ‘six o’clock swill’
13 Nov 2014 Leave a comment
in applied price theory, applied welfare economics, economics of regulation Tags: alcohol regulation, drinking and driving, economics of regulation, offsetting behaviour
Legal bar closing times in England and Wales have historically been early and uniform.
Recent legislation liberalised closing times with the object of reducing social problems thought associated with drinking to “beat the clock.”
Colin P. Green, John S. Heywood and Maria Navarro (2013) showed that one consequence of this liberalization was a decrease in traffic accidents. This decrease was concentrated heavily among younger drivers. The effect was most pronounced in the hours of the week directly affected by the liberalization; late nights and early mornings on weekends.
On May 1, 1996, Ontario, Canada, amended the Liquor Licence Act to extend the hours of alcohol sales and service in licensed establishments from 1 AM to 2 AM.
Guest Blogger: Stephanie Gibson, Curator Contemporary Life & Culture Museum of New Zealand Te Papa Tongarewa
Many New Zealanders will remember the years of six o’clock closing of pubs. Urban pubs were often overcrowded, charmless places, where binge drinking took place in a race against the clock, resulting in the infamous ‘six o’clock swill’. Until the 1960s, alcohol could only be sold and consumed publicly in licensed places that provided accommodation. These were known as public hotels or ‘pubs’ for short.
In October 1917 New Zealand became the only country in the world to impose a nation-wide ban on the sale of liquor after six o’clock. Many believed that restricted access would result in less drinking. The ban lasted for 50 years until October 1967, when closing was brought forward to 10 o’clock by public vote.
Glassware, mid-1960s, by Crown Crystal Glass, New Zealand
(GH021024-25, GH023164, GH024221, Te Papa)
Standardised…
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