https://www.facebook.com/share/p/8nwjmRBhdiZFxNy9/?mibextid=xfxF2i
Self-selection explained
15 Feb 2024 Leave a comment
in labour economics, labour supply, occupational choice, unemployment Tags: adverse selection, asymmetric information, moral hazard, screening, self-selection, signaling
Glenn Loury (and, to some extent, John McWhorter) backpedal about the death of George Floyd
15 Feb 2024 Leave a comment
in discrimination, economics of crime, law and economics, movies, politics - USA Tags: crime and punishment, law and order, racial discrimination
The death of George Floyd, and his presumed murder by Derek Chauvin with the complicity of several Minneapolis policemen, was an iconic moment in today’s race relations, the most important event leading to the “racial reckoning” of the last few years. In late December of last year, I posted a movie, “The Fall of Minneapolis” […]
Glenn Loury (and, to some extent, John McWhorter) backpedal about the death of George Floyd
Pay Transparency: What’s Good to Know?
15 Feb 2024 Leave a comment
in discrimination, econometerics, gender, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap
In some countries, like Norway, your income tax forms are public information, so any one can look up what anyone else earns. In a US context, income is mostly considered to be private information, unless you are a public employee or an executive at a public company. Would it be a good thing to have…
Pay Transparency: What’s Good to Know?
Alice Evans on the ideological gender divide
13 Feb 2024 Leave a comment
in discrimination, economics of education, gender, health and safety, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: evolutionary biology, evolutionary psychology, gender wage gap, sex discrimination
I suggest, Men and women tend to think alike in societies where there is Close-knit interdependence, religosity and authoritarianism, or Shared cultural production and mixed gendered offline socialising. Gendered ideological polarisation appears encouraged by: Feminised public culture Economic resentment Social media filter bubbles Cultural entrepreneurs. Here is the full piece, currently the best piece on […]
Alice Evans on the ideological gender divide
Correlations between spouses
11 Feb 2024 Leave a comment
in economics of love and marriage, economics of media and culture, human capital, labour economics, law and economics, population economics Tags: marriage and divorce
Correlations between spouses Extraversion: r= .005Neuroticism: .082Height: .227Weight: .154Education: .5Political party: .6 “Mates tend to be positively but weakly concordant on personality and physical traits, but concordance of political attitudes is extremely high” pic.twitter.com/BmdpySfakh — Rob Henderson (@robkhenderson) February 10, 2024
Correlations between spouses
Another gender gap gone
11 Feb 2024 Leave a comment
in discrimination, economic history, economics of education, gender, human capital, labour economics, labour supply, occupational choice
The Great Fact
10 Feb 2024 Leave a comment
in development economics, economic growth, economic history, gender, growth miracles, macroeconomics, poverty and inequality Tags: The Great Enrichment, The Great Fact
My TLS essay on the Clinton administration
10 Feb 2024 Leave a comment
in human capital, labour economics, labour supply, poverty and inequality, welfare reform
Here is the link, I am reviewing a bad book on the Clinton administration (A Fabulous Failure, by Lichtenstein and Stern). Here is one excerpt: Clinton-era welfare reform is another area where many commentators go astray, and Lichtenstein and Stein are no exception. The Clinton pronouncement “I have a plan to end welfare as we […]
My TLS essay on the Clinton administration
DON BRASH: NATIONHOOD, Orewa, 2004
09 Feb 2024 Leave a comment
in discrimination, liberalism, Marxist economics, politics - New Zealand Tags: constitutional law, political correctness, racial discrimination, regressive left
On February 1 Sean Plunket re-played the audio of Don Brash’s 2004 Orewa speech at The Platform. To listen to the entire speech, go here. Alternatively, the full text of the speech is reproduced below. Today Don reflects: “It’s very long – really far too long for a Rotary Club speech. I should have taken…
DON BRASH: NATIONHOOD, Orewa, 2004
What’s the Right Interest Rate for the Fed Anyway?
08 Feb 2024 Leave a comment
in business cycles, econometerics, economic growth, inflation targeting, labour economics, macroeconomics, monetary economics, unemployment Tags: monetary policy
Standard models watched by economists at the Federal Reserve and elsewhere suggest that rates should now be lowerBy Justin Lahart of The WSJ. Excerpt:”So where should rates be? There has been a lot of focus recently on the long-term neutral rate—the just-right level of rates for when inflation is at the Fed’s 2% target, and…
What’s the Right Interest Rate for the Fed Anyway?
The Conway speech
08 Feb 2024 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, economics of bureaucracy, fiscal policy, inflation targeting, labour economics, macroeconomics, monetary economics, politics - New Zealand, Public Choice, unemployment Tags: monetary policy
I’ve been rather tied up with other stuff for the last few weeks (including here) which is why I’ve not previously gotten round to writing about the first piece of monetary policy communications from our Reserve Bank this year. That was the “speech” by the Bank’s chief economist (and MPC) member Paul Conway given to […]
The Conway speech
LINDSAY MITCHELL: Labour hid developing welfare crisis
08 Feb 2024 Leave a comment
in applied price theory, economics of education, gender, human capital, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality, welfare reform Tags: child poverty, family poverty
Lindsay Mitchell writes- When National became government in 2008, Finance Minister Bill English’s determination to understand the extent of benefit-dependency led them to commission Taylor Fry to produce annual actuarial reports. These were duly published at the MSD website every year but ceased when the government changed in 2017. Now however, an Official Information request […]
LINDSAY MITCHELL: Labour hid developing welfare crisis
#OTD
06 Feb 2024 Leave a comment
in comparative institutional analysis, discrimination, economic history, law and economics, politics - New Zealand, property rights Tags: constitutional law
📸 Look at this post on Facebook
https://www.facebook.com/share/4VjbNNeEwSJ6ntfW/?mibextid=RXn8sy
Open Borders and Closed Courts: How the Supreme Court Laid the Seeds for the Immigration Crisis
06 Feb 2024 Leave a comment
in economic history, labour economics, labour supply, politics - USA Tags: constitutional law, economics of immigration
Below is my column in The Hill on the worsening situation at the Southern border and how the Supreme Court laid the seeds for this crisis over a decade ago. The courts have left few options for either the states or Congress in compelling the enforcement of federal law. Here is the column:
Open Borders and Closed Courts: How the Supreme Court Laid the Seeds for the Immigration Crisis
Some Links
06 Feb 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of regulation, health economics, history of economic thought, labour economics, law and economics, macroeconomics
TweetWriting in the Wall Street Journal, David Henderson and Charley Hooper explain why we should be thankful for high drug prices. Two slices: For Americans, paying for the discovery and development of new drugs rests on our shoulders. If we pay, we get new lifesaving medicines. If we don’t, we don’t. Almost all new drugs…
Some Links
Utopia, you are standing in it! 
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