Ireland’s worst bank strike lasted 6-months
20 Mar 2020 Leave a comment
in economic history, financial economics, labour economics, labour supply, macroeconomics, monetary economics, unions Tags: economics of banking, union power
How was the war on poverty going?
20 Mar 2020 Leave a comment
in economic history, income redistribution, labour economics, politics - USA, poverty and inequality
the Full-income Poverty Measure estimates the share of people in poverty using a post-tax, (comprehensive or full) post-transfer definition of income. Similar to the Official Poverty Measure, it includes market income (wages and salaries, self-employment and business income, farm income, retirement income from pensions, dividends, interest, rent and alimony) and cash transfers (Aid to Families with Dependent Children/Temporary Assistance for Needy Families, Social Security and workers’ compensation). It then adds the market value of health and non-health in-kind transfers (food stamps/SNAP, subsidized school lunches, rental housing assistance, and Medicare and Medicaid) as well as the market value of employer-provided health insurance. It subtracts Federal income and payroll taxes but adds tax credits including the Earned Income Tax Credit, Child Tax Credit, and Additional Child Tax Credit (the refundable portion of the CTC) based on estimated tax liabilities using NBER Taxsim 9.3 (Feenberg and Coutts 1993). We impute several of these income sources in the early years of our analysis because they were not collected in the CPS-ASEC.
From https://www.iza.org/publications/dp/12855/evaluating-the-success-of-president-johnsons-war-on-poverty-revisiting-the-historical-record-using-a-full-income-poverty-measure via http://conversableeconomist.blogspot.com/2020/03/us-poverty-over-time-how-to-compare.html
Plosser on money and business cycles
20 Mar 2020 Leave a comment
in business cycles, econometerics, economic history, financial economics, great depression, industrial organisation, labour economics, labour supply, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: Keynesian macroeconomics, real business cycle theory
Another Great Escape
19 Mar 2020 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: child mortality, infant mortality, The Great Escape
Hayek (1950) on why the current stimulus will fail
18 Mar 2020 Leave a comment
in Austrian economics, business cycles, economic history, economics of information, F.A. Hayek, fiscal policy, history of economic thought, labour economics, labour supply, macroeconomics, monetary economics, occupational choice, Public Choice, public economics Tags: fiscal policy, Keynesian macroeconomics
Patrick Moore: 12 Fake Invisible Catastrophes and Threats of Doom
18 Mar 2020 Leave a comment
in economic history, economics of information, economics of natural disasters, energy economics, environmental economics, environmentalism, global warming, Marxist economics Tags: pessimism bias
Milton Friedman never liked the IMF
18 Mar 2020 Leave a comment
in comparative institutional analysis, development economics, economic history, economics of bureaucracy, international economics, macroeconomics, Milton Friedman, monetary economics
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