Richard McKenzie – Should We Abolish Tipping?
20 Apr 2017 Leave a comment
in applied price theory, labour economics, labour supply, personnel economics Tags: tipping
The dark underbelly of the signalling value of engagement rings
19 Apr 2017 Leave a comment
in discrimination, economics of love and marriage, gender, human capital, labour economics, labour supply, occupational choice, television Tags: asymmetric marriage premium, comparable worth, dating markets, gender, marriage and divorce, Seinfeld, signalling
Homer Simpson: An economic analysis
18 Apr 2017 Leave a comment
in applied price theory, human capital, labour economics, labour supply, occupational choice, television Tags: Homer Simpson
How Capitalism Freed Victorian Women
16 Apr 2017 Leave a comment
in applied price theory, discrimination, economic history, gender, labour economics Tags: engines of liberation
Top income shares falling since 1950s @FairnessNZ @CloserTogether
07 Apr 2017 Leave a comment
in economic history, politics - New Zealand, poverty and inequality Tags: superstar wages, superstars, top 1%
It has become an urban legend in New Zealand that inequality is getting worse and worse.
Brian Easton adjusted the top income share database for New Zealand for the introduction of dividend imputation. This encouraged companies to distribute more dividends.
Once this measurement error was corrected by Easton, there has been no increase in top income shares in New Zealand since the 1950s. It has been a slow taper at best or a flat line.
There is a wages boom from the early 1990s after 20 years of wage stagnation, a period which some people regard as the good old days.
The return of real wages growth, and strong employment growth to boot, came straight after the Ruth Richardson horror budget and the passage of the Employment Contracts Act.
Every ethnic group experienced strong income growth as well as the graphic below shows. The rich got richer and the poor got richer too.
The gender wage gap is an entrepreneurial opportunity
06 Apr 2017 Leave a comment
in applied price theory, discrimination, entrepreneurship, gender, labour economics Tags: gender wage gap
What people miss about the gender wage gap
05 Apr 2017 Leave a comment
in discrimination, gender, human capital, labour economics, labour supply Tags: gender wage gap
Usual grumblers please note
05 Apr 2017 Leave a comment
in discrimination, gender, labour economics Tags: gender wage gap
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