https://www.facebook.com/share/TDFcjMXj8VugD3M6/?mibextid=xfxF2i
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
Price controls deter voluntary, wealth-creating transactions: CA minimum wages increase to $20/hour
17 Jun 2024 Leave a comment
in applied price theory, labour economics, minimum wage, unemployment
When staking out a position, it is rare for a politician to acknowledge any tradeoffs. For example, a politician in favor of a minimum wage increase will praise the increased wages for workers, but won’t acknowledge that businesses will shut down or fire workers. That job is left to those on the other wide of…
Price controls deter voluntary, wealth-creating transactions: CA minimum wages increase to $20/hour
Boys are faster than women
13 Jun 2024 Leave a comment
in discrimination, gender, politics - USA, sports economics Tags: free speech, gender gap, political correctness, regressive left, sex discrimination
More impatient people are more likely to commit crime
09 Jun 2024 Leave a comment
in applied price theory, econometerics, economics of crime, economics of education, labour economics, law and economics, occupational choice Tags: cognitive psychology, crime and punishment, criminal deterrence, law and order
Gary Becker’s famous model of rational crime suggests that criminals weigh up the costs and benefits of crime (and engage in a criminal act if the benefits outweigh the costs). Time preferences matter in this model, because the benefits of a criminal act are usually realised immediately, whereas the greatest costs (including the penalties of…
More impatient people are more likely to commit crime
Divisive rhetoric chips away at communities
07 Jun 2024 Leave a comment
in defence economics, discrimination, economics of education, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand Tags: Age of Enlightenment, free speech, political correctness, racial discrimination, regressive left
The following letter to the Gisborne Herald appears under the title above and the name of Eddie Tuhaka: Rawiri Waititi’s divisive comments and behaviour against the present Government, calling them a white/Pākehā Government, is racist and unacceptable. He and the rest of them did not complain when they all got their pay increase from the…
Divisive rhetoric chips away at communities
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?
Karen Chhour Skewers The Maori Party
31 May 2024 Leave a comment
in economic history, economics of crime, economics of education, income redistribution, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand, poverty and inequality, property rights, Public Choice, public economics Tags: child abuse, child poverty, crime and punishment, family poverty, law and order
Article is by Chris Lynch and I have pinched this one from The BFD Blog. `ĀCT MP Karen Chhour has responded to the Maori Party’s “divisive outbursts.” Co-leader Rawiri Waititi said yesterday, ‘It’s now time for us to step comfortably into our rangatiratanga and to not give too much to this Pakeha Government with their […]
Karen Chhour Skewers The Maori Party
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
Utopia, you are standing in it! 
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