Celebrating humanity's flourishing through the spread of capitalism and the rule of law
18 Sep 2025 Leave a comment
in applied price theory, economics of education, human capital, labour economics, poverty and inequality, welfare reform
James Heckman and Sadegh Eshaghnia have launched a broadside in the WSJ against the Chetty-Hendren paper The Impacts of Neighborhoods on Intergenerational Mobility I: Childhood Exposure Effects. It’s a little odd to see this in the WSJ but since the Chetty-Hendren paper has been widely reported in the media, I suppose this is fair game. […]
Moving on Up
20 Aug 2025 1 Comment
in economics of education, labour economics, labour supply, liberalism, Marxist economics, politics - New Zealand, poverty and inequality, Public Choice, welfare reform Tags: child poverty, family poverty
According to the NZ Herald this morning: “Former Prime Minister Helen Clark has described the departure of former Prime Minister Jacinda Ardern from politics as “devastating for women around the world”.” Not this one. But then very little devastates me beyond the loss of a loved person or pet. Or dwelling on the suffering of…
Why I disagree with Helen Clark
04 Aug 2025 1 Comment
in applied price theory, income redistribution, labour economics, Public Choice, welfare reform
In an article in The Conversation earlier this year, Edward Yiu and William Cheung (both University of Auckland) discuss New Zealand’s accommodation supplement for low-income renters:New Zealand’s unaffordable housing market has left many low and middle-income families reliant on the accommodation supplement to cover rent and mortgage payments.But our new research has found the scheme,…
Why the accommodation supplement does little to help low-income tenants
06 Jul 2025 Leave a comment
in labour economics, labour supply, politics - New Zealand, poverty and inequality, welfare reform Tags: social insurance
This short piece is a partial answer to the question posed. It addresses the ‘who’ but not the ‘why’.The following chart uses Census data from Statistics NZ and benefit data from MSD. Both sets are from March 2023.At that time there were 345,417 individuals reliant on a main benefit which primarily comprised Jobseeker (formerly Unemployment…
Who relies most heavily on welfare?
17 Feb 2025 Leave a comment
in budget deficits, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, politics - New Zealand, Public Choice, public economics, welfare reform Tags: ageing society
A guest post by Sir Roger Douglas: Michael Littlewood’s ‘Guest Post’ for David Farrar on pensions, and his belief that our social welfare system is fit for purpose and doesn’t need change, reminded me of why New Zealand is currently well on the way to bankruptcy, and why our brightest young people are leaving the […]
Guest Post: NEW ZEALAND’s RETIREMENT PENSION
16 Jan 2025 1 Comment
in applied price theory, econometerics, economic history, human capital, labour economics, labour supply, politics - New Zealand, poverty and inequality, unemployment, welfare reform Tags: child poverty, family poverty
When Jacinda Ardern became Prime Minister, she was determined to increase income for children in welfare-dependent families – her magic bullet for solving child poverty. The Welfare Expert Advisory Group, led by Cindy Kiro, was convened to make the desired recommendations. A number of evidence briefs were provided to the group, one concerned the “likely…
Bad leaders solicit bad advice
12 Jan 2025 Leave a comment
in labour economics, politics - New Zealand, welfare reform
The Herald reports: She said the current system was problematic in that many entitlements were claimed by wealthy people and paid for by hiking taxes on workers of all income levels. “There are a lot of entitlements and support that have crept into the middle and upper class, and I would prefer to have a […]
Willis on targeting vs universality
31 Dec 2024 Leave a comment
in labour economics, law and economics, politics - New Zealand, property rights, welfare reform
https://www.stuff.co.nz/nz-news/360528298/huge-increase-evictions-disruptive-kainga-ora-tenants-due-new-approach Not sure what is more amazing – that the “reporter” couldn’t bring itself to mention that this is National led government policy in action after Labour evicted zero KO tenants for years, or that National have completely failed to trumpet this announcement in their own press release. Anyway, this is great news for long […]
Ratbag Kainga Ora tenants finally face consequences
07 Oct 2024 Leave a comment
in applied price theory, health economics, labour economics, labour supply, poverty and inequality, public economics, welfare reform Tags: retirement savings
Our Treasury is at it again. Telling Kiwis a bleak future awaits them, especially in retirement. Its latest report about how NZ Demographic Change will affect the Country’s Finances is enough make the PM’s eyes glaze over, Finance Minister Willis fall asleep, NZ First leader Peters to press Delete on his laptop & everyone else…
The NZ Treasury’s Lack of Imagination Threatens our Future. It has no faith in Economic Magic (Einstein did).
31 Aug 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, economic growth, economic history, economics of bureaucracy, entrepreneurship, human capital, income redistribution, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, politics - USA, poverty and inequality, Public Choice, public economics, rentseeking, welfare reform Tags: Europe, social insurance
I’ve written many times about how Americans are much richer than Europeans. And I’ve also written many times that the U.S. economy has been growing faster (which shouldn’t happen according to convergence theory). There’s a simple reason for America’s superior performance. The U.S. is burdened by a medium-sized welfare state and a bad tax system […]
European Policies = European Stagnation
30 Aug 2024 Leave a comment
in income redistribution, kittens, labour economics, politics - New Zealand, poverty and inequality, Public Choice, welfare reform Tags: child poverty, family poverty
Lindsay Mitchell writes – The Child Poverty Report 2024 has just been published. It’s an overview and selected findings, as opposed to a full report which is due in 2025. Poverty can be measured in various ways.
The child poverty conundrum
09 Aug 2024 Leave a comment
in applied price theory, econometerics, labour economics, labour supply, poverty and inequality, unemployment, welfare reform Tags: universal basic income
This week’s column for the Stuff papers covered the excellent new US work testing the effects of a UBI. From November 2020, 3000 low-income people were randomly assigned into two groups for three years. One thousand people each received $1000 per month in unconditional funds for three years. Two thousand people each received $50 per month.Both…
Basic income, again
11 Mar 2024 Leave a comment
in labour economics, labour supply, politics - New Zealand, poverty and inequality, welfare reform Tags: marriage and divorce
Lindsay Mitchell writes – When news media took a pummelling last week at both TVNZ and TV3, a number of critics said part of the reason ratings are poor is the public don’t trust them. The public believe that the media is biased. The print media is similarly suspect. An article in Stuff on Sunday […]
What media bias looks like
26 Feb 2024 Leave a comment
in applied price theory, applied welfare economics, labour economics, labour supply, politics - New Zealand, poverty and inequality, unemployment, welfare reform Tags: child poverty, family poverty
Question: Do you understand how the child poverty statistics are derived? Clearly some people do not. Last week the latest child poverty statistics were all over the media. But there are a number of misunderstandings that need addressing. Like this one from NewstalkZB’s John MacDonald who wrote: “Living in households that get-by on less than…
Child poverty – complex or simple?
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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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