We estimate the causal impacts of GLP-1 treatment on labor market outcomes using linked Danish administrative data and a matched stacked difference-in-differences design. We compare patients who initiate GLP-1 treatment during the first two years of Semaglutide availability to observably similar patients who initiate four years later. We find that GLP-1 treatment reduces long-term sickness…
The economic effects of GLP-1s
The economic effects of GLP-1s
30 Jul 2026 Leave a comment
in applied price theory, entrepreneurship, industrial organisation, labour economics, labour supply, survivor principle
Criminal “Villification”: Australia Court Upholds Conviction, Massive Fine, and Compelled Speech in Transgender Case
29 Jul 2026 Leave a comment
in discrimination, economics of regulation, gender, law and economics, liberalism, Marxist economics, politics - Australia, politics - USA, property rights Tags: free speech, political correctness, regressive left, sex discrimination
We have followed the evisceration of free speech values in the United Kingdom and other Western nations. Australia has been…
Criminal “Villification”: Australia Court Upholds Conviction, Massive Fine, and Compelled Speech in Transgender Case
The Apples and Oranges Tribunal
28 Jul 2026 Leave a comment
in applied price theory, discrimination, economics of education, economics of regulation, gender, labour economics, labour supply, law and economics, liberalism, Marxist economics, poverty and inequality, property rights Tags: gender wage gap, sex discrimination
Suppose that apples sell for more than oranges and Parliament in it’s wisdom decides that, at last, apples and oranges must be compared. Not by shoppers — shoppers are biased, they merely reveal what they are willing to pay — but by a tribunal, which will determine whether apples and oranges are of truly equal…
The Apples and Oranges Tribunal
The common sense of Fareed Zakaria
28 Jul 2026 Leave a comment
in development economics, economic growth, economic history, fiscal policy, labour economics, macroeconomics, unemployment
This is one of the best Op-Eds you will read this year, though it deliberately deemphasizes the personal (no one is attacked) in a manner that will result in less attention. Better to write the truth! Excerpt: Why has this [voter discontent} happened? Some of it is economic. Expensive housing, stagnant incomes and widening inequality have fueled public…
The common sense of Fareed Zakaria
Goldman’s Demand for “One Case” of Immigration Obstruction Fails Spectacularly When DHS Offers 7,000 in New York Alone
27 Jul 2026 Leave a comment
in economics of crime, labour economics, labour supply, law and economics, politics - USA Tags: economics of immigration
An over-30-point primary loss would ordinarily produce a degree of introspection and self-reflection in a politician. Indeed, even such a…
Goldman’s Demand for “One Case” of Immigration Obstruction Fails Spectacularly When DHS Offers 7,000 in New York Alone
Occupational Licensing: US and International
25 Jul 2026 Leave a comment
in applied price theory, economics of information, economics of regulation, human capital, income redistribution, labour economics, labour supply, occupational choice, occupational regulation, politics - USA, Public Choice, rentseeking
The potential benefit of having the government require that certain jobs require an official license is quality control and protection. Personally, I rather like knowing that my nurse or doctor or dentist has gone through courses and training. The potential cost is that requirement to have a government license can become a way for those…
Occupational Licensing: US and International
The Case Against a Universal Basic Income
23 Jul 2026 1 Comment
in applied price theory, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, politics - New Zealand, poverty and inequality, Public Choice, welfare reform
A Universal Basic Income, or UBI, is a superficially attractive idea. Under such a scheme, every adult would receive a regular payment from the government, regardless of income, employment or need. Supporters argue that it would reduce poverty, simplify welfare, provide security in an uncertain labour market and give people greater freedom to choose how […]
The Case Against a Universal Basic Income
Oren Cass Again Swings and Misses in His Attempt to Discredit Economists
21 Jul 2026 Leave a comment
in human capital, labour economics, labour supply, politics - USA Tags: economics of immigration
TweetHere’s a letter to the Financial Times. Editor: Oren Cass’s attempt to discredit economists’ support for a policy of liberal immigration is flawed (“Mass immigration is not the silver bullet economists think it is,” July 10). For example, consider this question that he poses rhetorically: “If employers believe they will always have access to a…
Oren Cass Again Swings and Misses in His Attempt to Discredit Economists
Goldsmith on consent laws
21 Jul 2026 Leave a comment
in discrimination, economics of crime, gender, law and economics, politics - New Zealand
Paul Goldsmith announced: A re-elected National Government will modernise sexual consent laws to specify there must always be a “yes,” rather than an absence of a “no,” National’s Justice spokesperson Paul Goldsmith says. “National is focused on fixing the basics in law and order, and modernising our consent laws is an important part of that.…
Goldsmith on consent laws
Pronatal policies
21 Jul 2026 Leave a comment
in applied price theory, labour economics, labour supply, population economics Tags: economics of fertility
The Institute for Family Studies puts up a pro-natal proposal that I’d not seen before.Most of the literature I’ve seen on baby bonuses suggests that the amount on offer would have to be hefty to have substantive effects. This version could harness a bit of loss aversion:President Trump launched a small savings account seeded with…
Pronatal policies
Broadband coverage and rural fertility
18 Jul 2026 Leave a comment
in econometerics, labour economics, population economics Tags: economics of fertility
I recently expressed some scepticism at a paper showing that the release of the iPhone explained a third or more of the decline in US fertility. So, I was interested to read this new working paper by Gokhan Kumpas (California State University, Los Angeles), which looks at the effect of broadband coverage on fertility. Specifically, Kumpas…
Broadband coverage and rural fertility
Occupational Licensing Around the World
18 Jul 2026 1 Comment
in economics of regulation, labour economics, labour supply, occupational regulation, politics - New Zealand, politics - USA
Hartley and Kleiner have a new Fed Minneapolis working paper surveying workers around the world to measure occupational licensing by country. In the United States, occupational licensing has increased substantially over time, so one might expect licensing to rise with income. Their headline result is the opposite: occupational licensing is negatively correlated with GDP per…
Occupational Licensing Around the World
The Equal Pay Madness Just Got Madder
17 Jul 2026 1 Comment
in applied price theory, discrimination, economics of regulation, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap
In my post Equality Act 2010 I discussed the UK’s absolutely insane wage policy: In short, supply and demand have been replaced by judges and labor boards with the authority to deem which jobs are “equal” and therefore should be paid equally….No one is alleging that male and female warehouse workers were paid unequally or…
The Equal Pay Madness Just Got Madder
Was this Corrections case settled to avoid a precedent Crown Law & Human Rights Commission did not want?
15 Jul 2026 Leave a comment
in discrimination, economics of crime, gender, law and economics, politics - New Zealand Tags: sex discrimination
I am fuming. It is 2026 and the rest of the world is unwinding the destructive and nonsensical policies of the trans madness era, and here in New Zealand they are continuing to be embedded. Today, news broke that a female prison officer who now “identifies as a man” has managed not only to extract an apology and a […]
Was this Corrections case settled to avoid a precedent Crown Law & Human Rights Commission did not want?
Does Costco Follow The Efficiency Wage Theory?
13 Jul 2026 1 Comment
in applied price theory, entrepreneurship, industrial organisation, labour economics, labour supply, managerial economics, organisational economics, personnel economics
See He Earns $33 an Hour as a Costco Cashier, Now He’s a Millionaire: Long-tenured workers like cashier Tony Barzar are reliable, experienced and able to speed shoppers through a checkout line-Costco is willing to pay to keep them around by Sarah Nassauer of The WSJ. I explain The Efficiency Wage Theory below after article excerpts:”Costco has…
Does Costco Follow The Efficiency Wage Theory?
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