HT: Antony Green.
PMG radio & TV licences (Frank Thring)
11 Feb 2016 Leave a comment
in economic history, economics of media and culture, economics of regulation, public economics
HT: Antony Green.
The only time that the left become supply-side economists
10 Feb 2016 Leave a comment
in applied price theory, Public Choice, public economics Tags: povertytraps, taxation and labour supply
Young Democrats like @BernieSanders & socialism but oppose income redistribution as much as their parents do
09 Feb 2016 Leave a comment
in Marxist economics, politics - USA, Public Choice, public economics
The US presidential tax plans compared
09 Feb 2016 1 Comment
in applied price theory, politics - USA, public economics
New Zealand male labour force participation, ages 50 to 74, 5 year age bands, 1986 – 2014
08 Feb 2016 Leave a comment
in labour economics, labour supply, politics - New Zealand, public economics Tags: old-age pension, older workers, social insurance
Older workers in the past was defined by a drop-off in labour force participation at the age of 55 such as there was in the 1990s. Not only that is no more, New Zealand workers aged 60 to 64 participate in the labour force to the same extent as workers in their 50s, more or less.
Source: OECD Stat.
Workers aged 65 to 69 and aged 70 to 74 also rapidly increased their labour force participation. Nonetheless, in New Zealand they still get an old age pension in these age brackets without an income test or an asset test.
Female labour force participation rate, workers aged 65 to 69, US, UK, Australia and New Zealand since 1960
06 Feb 2016 Leave a comment
in gender, labour economics, labour supply, politics - New Zealand, public economics Tags: ageing society, labour demographics, old age pensions, older workers, social insurance
The phased increase in the eligibility age for the New Zealand old pension from 60 to 65 from the mid-1990s obviously carried through to the labour force participation of women over 65 as well.
Data extracted on 05 Feb 2016 05:13 UTC (GMT) from OECD.Stat.
@OwenJones84 @K_Niemietz Venezuelan, Chilean and Chinese index of economic freedom rankings 2016
06 Feb 2016 Leave a comment
in development economics, economics of regulation, entrepreneurship, fiscal policy, growth disasters, growth miracles, industrial organisation, labour economics, law and economics, macroeconomics, monetary economics, property rights, public economics Tags: capitalism and freedom, Chile, China, The Great Escape, Venezuela
A bizarre Finnish amateur racing car practice for redistributing winning
06 Feb 2016 Leave a comment
in economics of media and culture, fiscal policy, income redistribution, labour economics, labour supply, law and economics, poverty and inequality, property rights, public economics, rentseeking Tags: basic income, car racing, Finland, guaranteed minimum income, negative income tax
The left-wing tax dilemma
06 Feb 2016 Leave a comment
in politics - USA, public economics Tags: 2016 presidential election, entrepreneurial alertness, growth of government, size of government, taxation and entrepreneurship, taxation and investment, taxation and labour supply
Female labour force participation rate, workers aged 60 to 64, USA, UK, Australia and New Zealand since 1960
06 Feb 2016 Leave a comment
in economic history, labour economics, labour supply, politics - New Zealand, public economics Tags: ageing society, labour demographics, old-age pension, older workers, social insurance, welfare state
The increase in the eligibility age from the age of 60 to the age of 65 for the old age pension in New Zealand clearly sparked an explosion in female labour force participation between these ages.
Data extracted on 05 Feb 2016 04:49 UTC (GMT) from OECD.Stat.
US, Danish, British, Canadian, Australian and New Zealand tax and social security burden net of cash benefits as a % of labour costs, one-earner married couple with two children since 2000
05 Feb 2016 Leave a comment
in labour economics, labour supply, politics - Australia, politics - New Zealand, politics - USA, public economics Tags: 2016 presidential election, British election, Canada, Denmark, family tax credit, in work tax credit, taxation and labour supply
For some reason the Labour government in New Zealand in the mid-2000s could not bring itself to admit it was introducing a huge tax cut for families. To avoid admitting it ever gave a tax cut, that Labour government called the huge family tax credit introduced in 2004 and 2005 Working for Families.
Source: Taxing Wages 2015 – OECD 2015
The above data does not include the effects of GST and VAT.
Labour force participation rates of US, UK, Australian and New Zealand male workers aged 65 to 69 since 1960
05 Feb 2016 Leave a comment
in economic history, labour economics, labour supply, politics - New Zealand, public economics
Up until the early 1990s, New Zealand had a universal old age pension that was paid from the age of 60. There was no means test or assets test. The eligibility age for this old age pension was increased to age 65 over the course of the 1990s and early 2000s. It obviously showed up in the labour supply of workers aged 66 and over in New Zealand after the change in the eligibility age.
Data extracted on 05 Feb 2016 04:49 UTC (GMT) from OECD.Stat.
Labour force participation rates of US, UK, Australian and New Zealand workers aged 60 to 64 since 1960
05 Feb 2016 Leave a comment
in applied price theory, economic history, labour economics, labour supply, politics - New Zealand, public economics
Up until the early 1990s, New Zealand had a universal old age pension that was paid from the age of 60. There was no means test or assets test. The eligibility age for this old age pension was increased to age 65 over the course of the 1990s and early 2000s. It obviously showed up in the labour supply of workers aged 60 to 64 in New Zealand both before and after the change in the eligibility age.
Data extracted on 05 Feb 2016 04:49 UTC (GMT) from OECD.Stat.
Utopia, you are standing in it! 
Recent Comments