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Another gender gap
19 Jun 2024 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, labour supply Tags: gender gap, gender wage gap, sex discrimination
Extraordinary Labor Market Developments and the 2022-23 Disinflation
19 Jun 2024 Leave a comment
in applied price theory, labour economics, labour supply, market efficiency, occupational choice, personnel economics Tags: working from home
From a new NBER working paper by Steven J. Davis: Two extraordinary U.S. labor market developments facilitated the sharp disinflation in 2022-23 without raising the unemployment rate. First, pandemic-driven infection worries and social distancing intentions caused a sizable drag on labor force participation that began to reverse in the first quarter of 2022, and perhaps […]
Extraordinary Labor Market Developments and the 2022-23 Disinflation
College premium
18 Jun 2024 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice, poverty and inequality, unemployment Tags: graduate premium
The 2024 Hayek Lecture: Phil Gramm & John Early on “The Myth of American…
04 Jun 2024 Leave a comment
in applied price theory, applied welfare economics, economic history, economics of education, entrepreneurship, human capital, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality
New Rule: Gender Apartheid | Real Time with Bill Maher (HBO)
03 Jun 2024 Leave a comment
in discrimination, economics of education, gender, labour economics, labour supply, law and economics, liberalism, Marxist economics, politics - USA, property rights, television, TV shows Tags: Age of Enlightenment, free speech, Gaza Strip, gender wage gap, Iran, Middle-East politics, political correctness, regressive left, sex discrimination
Has Worker Pay Kept Up with Productivity Growth?
02 Jun 2024 Leave a comment
in applied price theory, econometerics, economic history, human capital, labour economics, labour supply, poverty and inequality
You will be astonished, gentle reader, to learn that the question of whether worker pay has kept up with productivity growth turns out to depend on 1) how you measure worker pay; and 2) how you measure productivity growth. Scott Winship considers the alternatives and issues in “Understanding Trends in Worker Pay over the Past…
Has Worker Pay Kept Up with Productivity Growth?
Updated estimates on immigration and wages
30 May 2024 Leave a comment
in applied price theory, applied welfare economics, econometerics, human capital, labour economics, labour supply, politics - USA Tags: economics of immigration
In this article we revive, extend and improve the approach used in a series of influential papers written in the 2000s to estimate how changes in the supply of immigrant workers affected natives’ wages in the US. We begin by extending the analysis to include the more recent years 2000-2022. Additionally, we introduce three important […]
Updated estimates on immigration and wages
The Patriarchy Must Be Smashed
26 May 2024 Leave a comment
in discrimination, economic history, economics of education, economics of information, gender, health and safety, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap, sex discrimination
And it looks like it’s well on the way to being so, given these interesting stats out of the USA. I’d love to know how New Zealand compares in many of these categories One more generation should see large numbers of these well-educated female graduates rising to high levels of private and public sector power. […]
The Patriarchy Must Be Smashed
The Great Post-Pandemic Population Shift
26 May 2024 Leave a comment
in labour economics, labour supply, law and economics, population economics, transport economics, urban economics Tags: land supply
A little more than half of America’s incorporated cities collectively lost 2.7 million residents between 2020 and 2023, according to estimates released by the Census Bureau earlier this week. New York City alone lost almost 500,000 residents, or 5.5 percent of its population, while the next 20 biggest losers together … Continue reading →
The Great Post-Pandemic Population Shift
Almost Observable Human Capital
24 May 2024 Leave a comment
in applied price theory, economic history, economics of education, history of economic thought, human capital, industrial organisation, labour economics, labour supply, occupational choice
Previously, we could observe a higher proportion of men than women in, say, steel fabrication and suspect that men have “some sort” of physical or mental comparative advantage related to steel fabrication. But what does that mean?
Almost Observable Human Capital
Wage setting explained
23 May 2024 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics
OneNews blames immigration to NZ for emigration (of young Kiwis out of NZ). Maybe they’re leaving because our Media has depressed them?
20 May 2024 Leave a comment
in applied price theory, human capital, labour economics, labour supply, politics - New Zealand, population economics Tags: economics of immigration
If a Blogger accused immigrants of nicking houses & jobs off young native NZ’ers, causing them to leave the country, then we’d likely be prosecuted under anti-freedom of speech legislation. But seems our State-owned broadcaster, OneNews, can get away with it. After all, like the Reserve Bank, TVNZ can do what it wants. Its above…
OneNews blames immigration to NZ for emigration (of young Kiwis out of NZ). Maybe they’re leaving because our Media has depressed them?
Debunking Bad Class Warfare and Debunking Nonsensical Class Warfare
19 May 2024 Leave a comment
in applied price theory, economic history, economics of education, entrepreneurship, human capital, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, Public Choice Tags: taxation and entrepreneurship, taxation and investment
Like Thomas Piketty, Gabriel Zucman is a French economist who promotes economically destructive class-warfare tax policy. He’s also infamous for dodgy data manipulation, as Phil Magness explains in this Reason discussion. The interview lasts for 64 minutes, and I recommend the entire discussion. Yes, that’s a lot of time, but Phil has encyclopedic knowledge and […]
Debunking Bad Class Warfare and Debunking Nonsensical Class Warfare
New York restaurants find a new way to respond to the minimum wage
17 May 2024 Leave a comment
in applied price theory, development economics, entrepreneurship, labour economics, labour supply, minimum wage
The New York Times (paywalled, but also available here) reported last month:At Sansan Chicken in Long Island City, Queens, the cashier beamed a wide smile and recommended the fried chicken sandwich.Or maybe she suggested the tonkatsu — it was hard to tell, because the internet connection from her home in the Philippines was spotty.Romy, who…
New York restaurants find a new way to respond to the minimum wage
Netherlands government about to be formed, per reports
16 May 2024 Leave a comment
in economics of crime, labour economics, labour supply, law and economics, politics Tags: economics of immigration, The Netherlands
It is being reported (e.g., Politico, FT) that a coalition government is soon to be announced for the Netherlands, which a general election in late November. The government would consist of the following parties, with their seats noted: The far-right Freedom Party (PVV, 37), led by Geert Wilders, the center-right VVD (24), the Christian democratic/anti-establishment […]
Netherlands government about to be formed, per reports
Utopia, you are standing in it! 
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