Source: OECD StatExtract.
I have no information as to why there is a sudden surge in the Canadian unemployment duration rate in 2001.
Average duration of unemployment, USA, Canada and Australia, 1968 – 2014
08 Aug 2015 Leave a comment
in business cycles, economic history, global financial crisis (GFC), great recession, job search and matching, labour economics, labour supply, macroeconomics, unemployment Tags: Australia, Canada, unemployment rates
Unemployment rates and the minimum wage in the European Union
08 Aug 2015 Leave a comment
in Euro crisis, job search and matching, labour economics, macroeconomics, minimum wage, unemployment Tags: employment law, equilibrium unemployment rates, Eurosclerosis, expressive voting, labour market regulation, natural unemployment rate, offsetting behaviour, rational irrationality, unintended consequences
% of U.S. workers working from home
07 Aug 2015 Leave a comment
in labour economics, labour supply Tags: compensating differentials, teleworkers, time use surveys
Source: American Time Use Survey, Table 7. Employed persons working on main job at home, workplace, and time spent working at each location by class of worker, occupation, and earnings, 2014 annual averages.
The average numbers of hours working at home is about 3 hours per week and varies little by any cross-tab.
Australian unemployment incidence by duration since 1978
07 Aug 2015 Leave a comment
in economic history, global financial crisis (GFC), job search and matching, labour economics, labour supply, macroeconomics, politics - New Zealand, unemployment Tags: Australia, equilibrium unemployment rate, natural unemployment rate, unemployment duration
As with New Zealand, Australian long-term unemployment seems to go up and down quite a lot with recessions such as those in the early 1980s and early 1990s but not after the global financial crisis.
Source: OECD StatExtract.
The impact of welfare states on life expectancy
07 Aug 2015 Leave a comment
in applied welfare economics, fiscal policy, labour economics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, welfare reform Tags: Denmark, Finland, life expectancies, Norway, Sweden, welfare state
New from @iealondon: Scandinavian success is not due to high taxes and welfare spending. iea.org.uk/in-the-media/p… http://t.co/QVH566KNtV—
IEA (@iealondon) July 07, 2015
The education explosion in the 20th century
06 Aug 2015 Leave a comment
in economic history, economics of education, human capital, labour economics, occupational choice Tags: age of human capital, educational attainment
Dramatic increase in education across all demographic groups over the past 100 years bit.ly/16XYZun http://t.co/0Ew0OxDzlx—
Catherine Mulbrandon (@VisualEcon) August 27, 2013
French unemployment incidence by duration since 1983
05 Aug 2015 Leave a comment
in economic history, Euro crisis, job search and matching, labour economics, labour supply, macroeconomics, unemployment Tags: employment law, equilibrium unemployment rate, France, labour market regulation, natural unemployment rate, unemployment duration
Nothing really changes in France recently unemployment duration. Italian labour market is notorious for having very low inflows and outflows from employment and unemployment.
Source: OECD StatExtract.
Any progress ever on the gender wage gap in France, Germany, Sweden and Norway since 1980?
05 Aug 2015 Leave a comment
in discrimination, economic history, gender, labour economics, law and economics Tags: France, gender wage gap, Germany, Leftover Left, Norway, Sweden, Twitter left
Our friends on the Left go on about how wonderful place Sweden is despite its gender gap being stuck for 35 years. Not much better in Norway and in Germany and France for that matter.
Figure 1: gender wage, % of median male wage, full-time employees, France, Germany, Sweden and Norway, 1980 – 2012
Source: Earnings and wages – Gender wage gap – OECD Data.
The gender wage gap in figure 1 is unadjusted and defined as the difference between median earnings of men and women relative to median earnings of men. Data refer to full-time employees.
Did fiscal austerity in 2010 have credible academic support?
05 Aug 2015 1 Comment
#Greece austerity gauge. Greek government spending has fallen 20% since 2008. In UK and Italy it's up. #GreekCrisis http://t.co/WMQBxxVFqq—
RBS Economics (@RBS_Economics) July 07, 2015
One measure of the scale of austerity in Greece…and other advanced economies. http://t.co/PxCLagdd3L—
RBS Economics (@RBS_Economics) July 06, 2015
The employment level in #Greece is back to where it was in 1985. It's the equivalent of the UK losing 6 million jobs. http://t.co/AAWHMEFwfK—
RBS Economics (@RBS_Economics) July 06, 2015
Gender wage gap, USA, UK, Australia and New Zealand since 1970
04 Aug 2015 1 Comment
in discrimination, gender, labour economics, politics - Australia, politics - New Zealand, politics - USA Tags: Australia, British economy, gender wage gap
New Zealand does much better than most on the gender wage gap for full-time workers.
Figure 1: gender wage, % of median male wage, full-time employees, USA, UK, Australia and New Zealand, 1970 – 2012
Source: Earnings and wages – Gender wage gap – OECD Data.
The gender wage gap in figure 1 is unadjusted and defined as the difference between median earnings of men and women relative to median earnings of men. Data refer to full-time employees.
I never found it terribly helpful to include part-time workers, such as in an hourly measure of the gender wage gap because of a larger trade-off between cash wages and work life balance in part-time jobs.
The discovery process in student athlete wages
04 Aug 2015 Leave a comment
in economics of education, entrepreneurship, human capital, labour economics, labour supply, sports economics Tags: entrepreneurial alertness, on-the-job training, superstar wages, superstars
FiveThirtyEightSports has a great piece about how much college quarterbacks are really worth in terms of market value. I’m neutral-but-leaning-against on the issue of paying college athletes, but the piece begins with University of Iowa Athletic Director Gary Barta giving a very bad reason to oppose it: it’s too complicated to figure out how much they should be paid. He’s right given how he’s conceiving the issue, he’s just not conceiving the issue in the right way.
Wages are not determined by a person or group of people independently evaluating what a job is “really” worth. That’s what markets do, i.e. that’s what innumerable decisions over time by innumerable anonymous consumers operating within the price system do. The failure to understand how the price system works in allocating resources by preferences is not unique to Barta. Very few people understand it, and lamentably even people who do understand it often…
View original post 619 more words
Minimum wage scenarios across the OECD
04 Aug 2015 Leave a comment
in labour economics, minimum wage, politics - USA, unemployment Tags: aggressive voting, antimarket bias, living wage, offsetting behaviour, rational ignorance, rational irrationality, The fatal conceit, The pretence to knowledge, unintended consequences
Does a higher minimum wage really reduce employment? econ.st/1gp4Jbs http://t.co/WGMZGLKHmI—
The Economist (@EconBizFin) July 30, 2015
The workplace payoff of Myers Briggs personality types
03 Aug 2015 Leave a comment
in human capital, labour economics, managerial economics, occupational choice, organisational economics, personnel economics Tags: compensating differentials, economics of personality traits, occupational choice
https://twitter.com/businessinsider/status/626968055046926336/photo/1
Human Resources will assign you a personality…. #HRhumour HT @ssmoir_1973 http://t.co/Vz6vs5ODLw—
Gem Reucroft (@HR_Gem) July 30, 2015
Recent Comments