Novak and Davidson on interwar unemployment
31 Mar 2020 Leave a comment
in business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics, New Keynesian macroeconomics
A century of Australian unemployment rates
30 Mar 2020 1 Comment
in business cycles, economic history, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Australia
From https://www.abs.gov.au/ausstats/abs@.nsf/previousproducts/1301.0feature%20article142001
The unemployment rate then increased rapidly to 19.3% in 1930, before reaching a peak of 29.0% in 1932, in response to the economic conditions of the Great Depression. This unprecedented high rate of unemployment persisted for two years, before the unemployment rate fell rapidly to below 10% by 1937.
How much of economy has #COVID19 locked-down?
30 Mar 2020 Leave a comment
in health economics, labour economics, labour supply, unemployment Tags: economics of pandemics
NZ government cut everything that could be cut by 20% in 1931
29 Mar 2020 7 Comments
in business cycles, economic history, fiscal policy, great depression, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics
Here’s Why Women Are Paid Less In Soccer
29 Mar 2020 Leave a comment
in discrimination, gender, sports economics Tags: gender wage gap
wage cuts are so common that they throw efficient contracting theory into doubt
28 Mar 2020 Leave a comment
in industrial organisation, job search and matching, labour economics, labour supply
From https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.33.3.185
Employees are more likely to accept cuts in hours than cuts in wages per hour because a reduction in hours reduces output and profits for the employer too and therefore is less likely to be opportunistic.
hours worked by US hourly employees down over 50%; hourly workers are 60 percent of workforce #COVID19
28 Mar 2020 Leave a comment
in health economics, labour supply, macroeconomics
https://datawrapper.dwcdn.net/LPg4v/2/ Via http://gregmankiw.blogspot.com/2020/03/daily-data-on-hours-worked.html
Source: Homebase at https://docs.google.com/spreadsheets/d/e/2PACX-1vTf0Ce37p3B0Qy-5BZPh1p9-WwEekPOxVdpMsumy6JFeCIt9EO6ZxbGNpnNxjdf9Mr9USeIMqjq9YU0/pubhtml#
When was the Sick Man of Europe on a 3-day week for 10 weeks? #COVID19
27 Mar 2020 Leave a comment
in business cycles, economic history, labour supply, macroeconomics, unions
Central planners forget yet another essential service #COVID19 #Hayekianknowledgeproblem
27 Mar 2020 Leave a comment
in health and safety, health economics, transport economics
From
The economic impact of Britain’s three-day week from 1 January to 11 March 1974 #COVID19
27 Mar 2020 Leave a comment
in economic growth, economic history, health economics, labour supply, macroeconomics, unions
Lee Ohanian on Japan’s Lost Decade
27 Mar 2020 6 Comments
in business cycles, econometerics, economic growth, economic history, Edward Prescott, fiscal policy, labour supply, macroeconomics, monetary economics
Utopia, you are standing in it! 
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