Differences in raw gender wage gaps may be almost entirely the result of the individual choices made by both male and female workers.
Gender preferences for higher earnings vs. other job attributes
25 Jun 2016 Leave a comment
in discrimination, gender, human capital, labour economics, labour supply, occupational choice
Average duration of Australian, Canadian and American male unemployment, aged 25 to 54
20 Jun 2016 Leave a comment
in economic history, labour economics, labour supply, unemployment Tags: social insurance, unemployment benefit
James Heckman on the Economics of Human Development
14 Jun 2016 Leave a comment
in applied price theory, applied welfare economics, discrimination, economics, economics of education, human capital, labour economics, labour supply, poverty and inequality Tags: James Heckman
What is a Luddite?
14 Jun 2016 Leave a comment
in applied price theory, economic history, industrial organisation, labour economics, labour supply Tags: Luddites, pessimism bias, technological unemployment
Does Child Labor Help Children in Poverty?
12 Jun 2016 Leave a comment
in development economics, economic history, growth disasters, growth miracles, industrial organisation, labour economics, labour supply Tags: child labour
Child poverty, @jacindaardern and what higher wages cannot buy
10 Jun 2016 Leave a comment
in labour economics, labour supply, minimum wage, politics - New Zealand, poverty and inequality, public economics Tags: child poverty, family poverty, female labour force participation, living wage, New Zealand Labour Party, single mothers, single parents, social insurance
The Left thinks the solution to poverty is giving the poor more money because poverty is caused by the poor not having enough money.
Labour MP Jacinda Ardern introduced the exception in an op-ed in the Sunday Star Times. People are poor because they do not have enough money unless that is because of a lack of money because you are not married or not living with the father of the child.
Ardern was raging against a report by Lindsey Mitchell arguing that a major driver of child poverty is the breakdown of the family and the rise of single parent households. Ardern said that
I’ve spent the better part of six years reading and researching the issue of child poverty, and what we need to do to resolve this complex problem in New Zealand.
And yet here it was, the silver bullet we have all been looking for. Marriage. Getting hitched. Tying the knot. It turns out that we didn’t need an Expert Advisory Group on child poverty, or any OECD analysis for that matter – apparently all we really need is a pastor and a party
Ardern preferred to attribute the increase in child poverty to welfare benefit cuts in the early 1990s.
There is an exception within this exception for the living wage as Ardern says
But the other factors Family First was so quick to dismiss – low wages and staggering housing costs – mean we have 305,000 children in poverty. And this is the stuff that needs to change. It’s time we faced reality.
A living wage increase can solved family poverty. Actually getting a job and earning a wage does not reduce poverty among single-parent households but living wage increases do for families.
Source: Jacinda Ardern: Govt must improve the lot of our children – National – NZ Herald News.
You cannot have it both ways. That low wages cause family poverty but no wages does not.
The best solution to child poverty is to move their parents into a job. Simon Chapple is quite clear in his book last year with Jonathan Boston that.
Sustained full-time employment of sole parents and the fulltime and part-time employment of two parents, even at low wages, are sufficient to pull the majority of children above most poverty lines, given the various existing tax credits and family supports.
Creative destruction in mass media employment since 1990
09 Jun 2016 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, labour economics, labour supply, occupational choice, survivor principle Tags: entrepreneurial alertness, legacy media, mass media, radio, social media
The Bureau of Labour Statistics chart included books which I took it out along with a few others to confine the information to newspapers and other competitors in the mass media. People still study journalism but more and more go to public relations jobs in government and business.
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The asymmetric marriage premium and the motherhood penalty in the UK
09 Jun 2016 Leave a comment
in discrimination, gender, labour supply, law and economics
Source: Trades Union Congress – The Pregnancy Test: Ending Discrimination at Work for New Mothers (2016).
Gender differences in jobs and occupations since 1960
07 Jun 2016 Leave a comment
in economic history, economics, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap
Hayek on what determines market incomes
05 Jun 2016 Leave a comment
in applied price theory, entrepreneurship, F.A. Hayek, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, survivor principle Tags: distributive justice, social justice
NZ #UBI can be only $4,700 @JordNZ @GrantRobertson1 @GeoffSimmonz
04 Jun 2016 Leave a comment
in labour economics, labour supply, politics - New Zealand, poverty and inequality Tags: expressive voting, growth of government, New Zealand Labor Party, rational irrationality, size of government, social insurance, universal basic income, welfare state
A universal basic income in New Zealand will have to be financed by a great big new tax because the existing ones are not enough according to the Economist calculations below.
HT: Paul Kerby.
The Prevalence of Marxism in Academia
02 Jun 2016 Leave a comment
in economics of education, labour economics, labour supply, occupational choice Tags: academic bias
Source: The Prevalence of Marxism in Academia, Bryan Caplan | EconLog | Library of Economics and Liberty.
Equilibrium unemployment rate: USA, UK, France, Germany, Canada & Australia, 1985-2017
02 Jun 2016 Leave a comment
in business cycles, economic growth, economic history, global financial crisis (GFC), great recession, labour economics, labour supply, unemployment Tags: British economy, Canada, equilibrium unemployment rate, France, Germany, natural unemployment rate
I do admire the way in which the USA has been able to have a steadily falling equilibrium unemployment rate since 1984 through thick and thin. The Great Recession had no impact on the US equilibrium unemployment rate. Not only has the largest member been able to do this, the OECD host country (red squares) has had a pretty steady natural unemployment rate too all things considered.
Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 12:40 UTC (GMT) from OECD.Stat
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