How to argue for inequality and neoliberalism when arguing dead set against it
17 Jul 2015 Leave a comment
in economic growth, economic history, human capital, income redistribution, labour economics, labour supply, politics - New Zealand, poverty and inequality, Public Choice, rentseeking Tags: Leftover Left, neoliberalism, top 1%
On 12 August last, Closer Together New Zealand posted a chart showing average hourly wages had been stagnant for 20 years and then started growing again in 1993. Closer Together New Zealand then rounded up the usual suspects of the Left over Left.
Later that month in a comment on that post, a chart was posted showing that inequality had been increasing quite rapidly in the late 1980s and early 1990s in New Zealand. There were a range of economic reforms Closer Together New Zealand didn’t like in the late 1980s and early 1990s.
Closer Together New Zealand did not notice their second chart showed there had been a large increase in inequality, and their first chart showed that this was followed by the return of regular average hourly wages after 20 years of stagnation.
I am not so vulgar as to suggest correlation is causation, but it is amusing to watch that one day a chart is posted showing a resumption of wages growth after 20 years of wage stagnation and the next day a chart is posted showing that the major economic developments in the preceding years were a large increase in inequality and substantial economic liberalisation.
To add to my amusement, a companion site Inequality A New Zealand Conversation posted a chart showing the top 1% had not had much at all in income growth for the last 20 years while most everyone else had. This spike in the incomes of the top 1% prior to about 1994 was followed by the resumption in average wages growth after 1994.
What group has by far the lowest jobless rate?
17 Jul 2015 Leave a comment
in economics of education, human capital, job search and matching, labour economics, labour supply, occupational choice, unemployment Tags: College premium, compensating differentials, graduate premium, labour demographics
What group has by far the lowest jobless rate? College grads on.wsj.com/1Mtk8l9 http://t.co/27ft9qYjvz—
WSJ Central Banks (@WSJCentralBanks) June 05, 2015
Motherhood explains 80% of the gender wage gap, up from 30% 30 years ago
16 Jul 2015 Leave a comment
in discrimination, gender, human capital, labour economics, labour supply, occupational choice Tags: asymmetric marriage premium, economics of families, gender wage gap, motherhood penalty
#Women's earnings drop 20% after 1st child & gap remains the same even 20 years later @LSEEcon bit.ly/1M60KfJ http://t.co/UpoqLkhbl2—
STICERD (@STICERD_LSE) July 15, 2015
Source: Parenthood and the Gender Gap: Evidence from Denmark by Henrik Jacobsen Kleven, Camille Landais and Jakob Egholt Søgaard, University of Copenhagen January 2015 at http://eml.berkeley.edu/~webfac/auerbach/Landais2015.pdf
Share of university degrees conferred to U.S. women since 1970
16 Jul 2015 Leave a comment
in economic history, economics of education, human capital, labour economics, occupational choice, politics - USA Tags: lost boys, reversing gender gap
Share of university degrees conferred to U.S. women since 1970 (via @MaxCRoser) http://t.co/FUGrM7WbJd—
Claire Lehmann (@clairlemon) July 09, 2015
James Hackman and the four types of welfare state
16 Jul 2015 Leave a comment
in constitutional political economy, income redistribution, Public Choice, rentseeking, welfare reform Tags: Director's Law, James Hackman, social insurance, welfare state
Poverty rates among immigrants and natives across the OECD
16 Jul 2015 Leave a comment
in income redistribution, labour economics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, welfare reform Tags: Australia, child poverty, economics of immigration, family poverty
If government “programmes have been doing very little to help children out of poverty”, what halved child poverty in the last 20 years? Economic growth?
16 Jul 2015 Leave a comment
in economic growth, labour economics, labour supply, minimum wage, politics - New Zealand, poverty and inequality, unemployment, welfare reform Tags: child poverty, family poverty, family tax credits, in-work tax credits, social insurance, welfare reform, welfare state
RNZ: Govt advised in 2013 "social mobility" approach won't materially address child poverty. rnz.to/1RwVWoj http://t.co/nfd2gY0qcH—
Alastair Thompson (@althecat) July 14, 2015
Figure 1: child poverty (%) in New Zealand (before and after housing costs), 1982 – 2013
Source: Bryan Perry, Household incomes in New Zealand: Trends in indicators of inequality and hardship 1982 to 2013. Ministry of Social Development (July 2014), Tables F.6 and F.7.
Low performers in science by gender, USA, UK, Japan, Canada, Australia and New Zealand
16 Jul 2015 Leave a comment
in discrimination, economics of education, gender, labour economics, labour supply Tags: cognitive psychology, educational psychology, lost boys, PISA, Psychology, reversing gender gap
Figure 1: % of students achieving a proficiency level below 2 in science by gender, USA, UK, New Zealand, Japan, Canada and Australia, 2012
Source: OECD StatExtract.
And the rich got richer, who cares
16 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of education, economics of regulation, economics of religion, energy economics, entrepreneurship, environmental economics, financial economics, growth disasters, growth miracles, income redistribution, industrial organisation, international economics, labour economics, labour supply, liberalism, poverty and inequality, Public Choice, rentseeking, survivor principle, transport economics, urban economics Tags: Deirdre McCloskey, entrepreneurial alertness, The Great Enrichment, The Great Escape, The Great Fact, top 1%
"The rich got richer, true. But…" —@DeirdreMcClosk buff.ly/1Imdv4o http://t.co/M3ERx3JTIn—
HumanProgress.org (@humanprogress) June 28, 2015
Unemployment rates of immigrants and natives in OECD member countries
16 Jul 2015 Leave a comment
in job search and matching, labour economics, labour supply, unemployment Tags: economics of immigration, unemployment rates
How big is the tourism sector across the OECD?
15 Jul 2015 Leave a comment
in industrial organisation, labour economics Tags: economics of tourism
Low performers in reading by gender, USA, UK, Japan, Canada, Australia and New Zealand
15 Jul 2015 1 Comment
in discrimination, economics of education, gender, human capital, labour economics Tags: cognitive psychology, education, lost boys, PISA, Psychology, reversing gender gap
Figure 1: % of students achieving a proficiency level below 2 in reading by gender, USA, UK, New Zealand, Japan, Canada and Australia, 2012
Source: OECD StatExtract.
Utopia, you are standing in it! 
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