How was the war on poverty going?
20 Mar 2020 Leave a comment
in economic history, income redistribution, labour economics, politics - USA, poverty and inequality
the Full-income Poverty Measure estimates the share of people in poverty using a post-tax, (comprehensive or full) post-transfer definition of income. Similar to the Official Poverty Measure, it includes market income (wages and salaries, self-employment and business income, farm income, retirement income from pensions, dividends, interest, rent and alimony) and cash transfers (Aid to Families with Dependent Children/Temporary Assistance for Needy Families, Social Security and workers’ compensation). It then adds the market value of health and non-health in-kind transfers (food stamps/SNAP, subsidized school lunches, rental housing assistance, and Medicare and Medicaid) as well as the market value of employer-provided health insurance. It subtracts Federal income and payroll taxes but adds tax credits including the Earned Income Tax Credit, Child Tax Credit, and Additional Child Tax Credit (the refundable portion of the CTC) based on estimated tax liabilities using NBER Taxsim 9.3 (Feenberg and Coutts 1993). We impute several of these income sources in the early years of our analysis because they were not collected in the CPS-ASEC.
From https://www.iza.org/publications/dp/12855/evaluating-the-success-of-president-johnsons-war-on-poverty-revisiting-the-historical-record-using-a-full-income-poverty-measure via http://conversableeconomist.blogspot.com/2020/03/us-poverty-over-time-how-to-compare.html
.@ProfDBernstein reminds the woke of who gains from hate speech laws
14 Mar 2020 Leave a comment
in comparative institutional analysis, constitutional political economy, discrimination, economic history, law and economics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, Public Choice Tags: free speech, political correctness, regressive left
Charles Murray — The Bell Curve Revisited in 2014
13 Mar 2020 Leave a comment
in discrimination, economics of education, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: conjecture and refutation, IQ, philosophy of science, political correctness, regressive left
The Bill That Killed Freelance
11 Mar 2020 Leave a comment
in economics of bureaucracy, economics of religion, income redistribution, labour economics, labour supply, law and economics, managerial economics, market efficiency, Marxist economics, occupational choice, occupational regulation, organisational economics, personnel economics, poverty and inequality, property rights, Public Choice, rentseeking, unemployment Tags: employment law
Bryan Caplan & Charles Murray on “Selfish Reasons to Have More Kids”
11 Mar 2020 Leave a comment
in economics of education, economics of love and marriage, health economics, human capital, labour economics, labour supply, law and economics, occupational choice, poverty and inequality Tags: economics of fertility
Steve Kaplan Discusses CEO Pay
08 Mar 2020 Leave a comment
in economics of bureaucracy, economics of crime, economics of education, economics of information, entrepreneurship, financial economics, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics, politics - USA, poverty and inequality, property rights, Public Choice, rentseeking, survivor principle Tags: CEO pay, efficient markets hypothesis
Scandinavian welfare states free-ride
08 Mar 2020 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, economic growth, economics of education, economics of information, economics of regulation, entrepreneurship, F.A. Hayek, history of economic thought, human capital, income redistribution, industrial organisation, international economics, law and economics, macroeconomics, poverty and inequality, property rights, Public Choice, public economics Tags: creative destruction, taxation and entrepreneurship, taxation and investment, taxation and labour supply
Inequality in America: Taxes and the Ultra-Rich | Emmanuel Saez | Steven Kaplan | Luigi Zingales
08 Mar 2020 Leave a comment
in applied price theory, economics of education, entrepreneurship, financial economics, human capital, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics, politics - USA, poverty and inequality, Public Choice, public economics, rentseeking Tags: capital gains tax, envy, taxation and entrepreneurship, taxation and investment, top 1%
Piketty’s class war was based on measurement error
06 Mar 2020 Leave a comment
in entrepreneurship, income redistribution, politics - USA, poverty and inequality, Public Choice, public economics
The ‘Negativity Effect’ Leads to Bad Journalism, Big Government, and Busted Relationships
06 Mar 2020 Leave a comment
in discrimination, economics of bureaucracy, economics of crime, economics of education, energy economics, environmental economics, gender, health and safety, health economics, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, Marxist economics, poverty and inequality, property rights, Public Choice, public economics, rentseeking, unemployment, unions, welfare reform Tags: pessimism bias
Black Americans Failed by Good Intentions: An Interview with Jason Riley
05 Mar 2020 Leave a comment
in comparative institutional analysis, constitutional political economy, discrimination, economics of bureaucracy, economics of education, economics of regulation, human capital, income redistribution, labour economics, labour supply, law and economics, Marxist economics, occupational choice, occupational regulation, politics - USA, poverty and inequality, property rights, Public Choice, public economics, rentseeking, unemployment, unions, welfare reform Tags: affirmative action, political correctness, racial discrimination, regressive left
Why do @AOC @BernieSanders @SenWarren lie about the rich are getting richer and the poor are getting poorer?
04 Mar 2020 Leave a comment
in applied welfare economics, economic history, income redistribution, labour economics, politics - USA, poverty and inequality, Public Choice Tags: 2020 presidential election, child poverty, family poverty, social insurance
Utopia, you are standing in it! 
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