A negative productivity shock from working from home
08 Feb 2025 Leave a comment
in applied price theory, experimental economics, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics Tags: economics of pandemics
More on Business Dynamism
11 Dec 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, financial economics, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, organisational economics, personnel economics, Public Choice, rentseeking, survivor principle, theory of the firm Tags: creative destruction, employment law
Over at the Geek Way, Andrew McAfee has created a startling visualization related to entrepreneurship in the US and EU. The Draghi Report on EU competitiveness is generating a small buzz among economists. One startling claim is thatthere is no EU company with a market capitalisation over EUR 100 billion that has been set up…
More on Business Dynamism
Creative destruction again
28 Sep 2024 Leave a comment
in applied price theory, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics Tags: creative destruction, economics of pandemics
Employers are reluctant to admit workers work because they are paid wages
09 Sep 2024 Leave a comment
in applied price theory, labour economics, labour supply, managerial economics, organisational economics, personnel economics
https://www.facebook.com/groups/774813624767808/permalink/829599789289191/?ref=share&mibextid=NSMWBT
Why Top CEOs Earn Big Paychecks
22 Aug 2024 Leave a comment
in applied price theory, economic history, economics of education, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, liberalism, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics, politics - USA, poverty and inequality, survivor principle Tags: CEO pay, superstar wages
CEO compensation at large firms is high, especially in comparison to average worker wages, sparking debates over income inequality. Critics argue that such pay packages are unfair and disproportionate to actual company performance. Proponents contend that high pay reflects productivity and is necessary to attract scarce top talent to large firms. Let’s go to the […]
Why Top CEOs Earn Big Paychecks
Good test
27 Jun 2024 Leave a comment
in managerial economics, organisational economics, personnel economics
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
30 May 2024 Leave a comment
in applied welfare economics, comparative institutional analysis, economics of information, managerial economics, organisational economics, personnel economics
Wage setting explained
23 May 2024 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics
Charter Schools are a worthwhile addition to our school system – but ACT is mis-selling why they are Good and Labour is mis-selling why they are Bad.
22 May 2024 Leave a comment
in economics of bureaucracy, economics of education, managerial economics, organisational economics, personnel economics, politics - New Zealand, Public Choice
We know the old saying, “Never trust a politician”, and the Charter School debate is a good example of it. Charter Schools receive public funding, yet “are exempt from most statutory requirements of traditional public schools, including mandates around .. human capital management .. curriculum & instructional practices, and governance & management structures”. That’s a…
Charter Schools are a worthwhile addition to our school system – but ACT is mis-selling why they are Good and Labour is mis-selling why they are Bad.
Hiring discrimination sentences to ponder
23 Apr 2024 Leave a comment
in applied price theory, discrimination, econometerics, economics of education, economics of information, human capital, labour economics, labour supply, law and economics, managerial economics, organisational economics, personnel economics, politics - USA, poverty and inequality Tags: gender wage gap, implicit bias, racial discrimination, sex discrimination
Several common measures — like employing a chief diversity officer, offering diversity training or having a diverse board — were not correlated with decreased discrimination in entry-level hiring, the researchers found. But one thing strongly predicted less discrimination: a centralized H.R. operation. The researchers recorded the voice mail messages that the fake applicants received. When a company’s […]
Hiring discrimination sentences to ponder
Agent-principal conflicts
18 Apr 2024 Leave a comment
in economics of crime, economics of information, economics of media and culture, labour economics, labour supply, law and economics, managerial economics, organisational economics, personnel economics Tags: agency costs, asymmetric information, moral hazard, screening
No Knife But A Bloodletting Nevertheless.
15 Apr 2024 Leave a comment
in economics of bureaucracy, economics of media and culture, industrial organisation, managerial economics, market efficiency, organisational economics, personnel economics, politics - New Zealand, privatisation, Public Choice, public economics, survivor principle Tags: media bias
Hosking went after Radio New Zealand this morning and it was bad.The Mike Hosking Breakfast, 0600 till 0900 has three producer/support staff, Radio NZ Morning report has 16 production staff to cover the same five day time slot, yet the state run highly subsidised show falls way behind in ratings.. That 16 figure for production […]
No Knife But A Bloodletting Nevertheless.
TV layoffs not a threat to democracy
10 Mar 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of information, economics of media and culture, economics of regulation, entrepreneurship, income redistribution, industrial organisation, managerial economics, market efficiency, organisational economics, personnel economics, politics - New Zealand, Public Choice, public economics, rentseeking, survivor principle, theory of the firm Tags: media bias
A few weeks ago I joined some contemporaries by abandoning the near sixty year habit of watching nightly TV news. I dropped it because I felt it did not give me real information that I had not acquired from other media sources, including some I pay for – The Economist, the NZ Herald, The Atlantic […]
TV layoffs not a threat to democracy
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