Home ownership rate, down to level of 20 yrs-ago, is headed even lower, says @NickTimiraos on.wsj.com/1IvwgDA http://t.co/2GeP3VIZzE—
Greg Ip (@greg_ip) June 08, 2015
The decline of home ownership in the USA
16 Jun 2015 1 Comment
in economics of regulation, politics - USA, urban economics Tags: home ownership, housing affordability, lamb supply, land use planning, zoning
The conservative case against capital punishment – George Will
15 Jun 2015 Leave a comment
in economics of bureaucracy, economics of crime, law and economics, politics - USA, Public Choice Tags: capital punishment, crime and punishment, criminal deterrence, The fatal conceit, The pretence to knowledge, unintended consequences
Why do these top 0.1 percenters get a pass from the Occupied Movement and Twitter Left?
15 Jun 2015 Leave a comment
in applied welfare economics, economics of media and culture, income redistribution, movies, politics - USA, poverty and inequality, Public Choice, TV shows Tags: comedy, Left-wing hypocrisy, Leftover Left, Occupy Wall Street, top 1%, Twitter left
The 25 richest comedians (or why not to go into standup comedy) from @randal_olson randalolson.com/2015/03/04/top… http://t.co/cp3lSnuPOf—
Tyler Vigen (@TylerVigen) March 17, 2015
The ridiculous non-candidate charade in presidential primary elections
15 Jun 2015 Leave a comment
in economics of media and culture, economics of regulation, politics - USA, Public Choice Tags: 2016 presidential election, campaign finance regulation, offsetting behaviour, The fatal conceit, The pretence to knowledge, unintended consequences
Salads poison more Americans than hamburgers
15 Jun 2015 Leave a comment
Salads poison more Americans than hamburgers. vox.com/2015/6/11/8766… http://t.co/XlsFbp5g16—
C. S. Prakash (@AgBioWorld) June 14, 2015
Middle class stagnation versus food poverty
15 Jun 2015 Leave a comment
in politics - USA, population economics, poverty and inequality, technological progress Tags: good old days, middle class stagnation, The Great Enrichment, wage stagnation
CHART: As a share of income, spending on food has gone from 25% in 1930s to < 10% in 2013. http://t.co/pxRgf6tNOZ—
Mark J. Perry (@Mark_J_Perry) May 14, 2015
@phattonez Note that almost 50% of food expenditures are for now food away from home. http://t.co/zWAu0Zlw82—
Mark J. Perry (@Mark_J_Perry) May 18, 2015
Life expectancy and healthy life expectancy by gender, Anglo-Saxon countries
15 Jun 2015 Leave a comment
in health economics, labour economics, politics - Australia, politics - New Zealand, politics - USA, population economics Tags: ageing society, healthy life expectancy, life expectancy, The Great Escape
Figure 1: life expectancy and healthy life expectancy of women, Anglo-Saxon countries, 2010
Source: OECD family database.
Figure 2: life expectancy and healthy life expectancy of men, Anglo-Saxon countries, 2010
Source: OECD family database
Would a referendum on euthanasia pass in New Zealand?
14 Jun 2015 Leave a comment
in constitutional political economy, economics of crime, politics - New Zealand, Public Choice Tags: advance directives, Blackstone's ratio, Citizen initiated referendum, death with dignity, direct democracy, euthanasia, referendums, representative democracy, right to life, rule of law, William Blackstone
A New Zealand First MP along with his populist leader have proposed that the morally tricky question of euthanasia be addressed in New Zealand by a referendum rather than by a vote on a private member’s bill in Parliament.
Although about 80% of the public support euthanasia when asked about it in principle, when the 120 members in New Zealand Parliament elected by proportional representation are asked to vote on it in practice with procedures for safeguards, be last time this was tried in 2003 the Bill failed by three votes. The reason why it failed to pass was a substantial number of MPs who voted against the bill was reservations about abuse.
A badly drafted bill may offer insufficient assurances to some MPs about preventing abuse and ensuring people who are depressed are not offered options that are not in their best interests.
Others have moral or religious objections. The religious objections were summarised by Blackstone, in his Commentaries on the Laws of England, where he wrote that suicide was also a spiritual offence:
…in evading the prerogative of the Almighty, and rushing into his immediate presence uncalled for
If a referendum was to fail, that would make our morally timid MPs even more timid about ever passing a bill on euthanasia.

There is a considerable risk that a referendum on euthanasia will fail because people don’t know exactly what they are voting for. Because of that they will listen to those who opposed euthanasia who will point to the risk of abuse. A referendum strengthens the hands of those that oppose euthanasia. They can play to the lack of detail on what exactly is to be approved.
Many people have very strong views on exactly when and when not euthanasia is permissible because of their views about the sanctity of life and the risk of abuse. The recent High Court judgement on an unsuccessful application are an exception to the criminal law on assisted suicide said that:
The sanctity of human life principle underpins the criminal law relating to culpable homicide. It was said by Blackstone to be the first rule of English law.
When making an exception to the first rule of law, people want to know exactly what they are voting for and exactly what safeguards apply the proposed exceptions. A Referendum does not offer that indispensable option. Writing on a Bill on end of life choice is legally and morally tricky.
Many Bills have failed such as recently in the Scottish Parliament and in 2003 in the New Zealand Parliament because they were badly drafted and were considered by many to offer insufficient protection of the vulnerable against abuse and melancholy.
Even when courts rule favourably on the matter, such as in Canada with its recent Supreme Court decision under its Bill of Rights, that court suspended its judgement upholding the right to euthanasia for 12 month so that the Canadian Parliament could work out the ever so vital details by passing a Bill. As the Supreme Court of United Kingdom recently ruled:
… unless the court can be satisfied that any exception to the subsection can be operated in such a way as to generate an acceptably small risk that assistance will be afforded to those vulnerable to pressure to seek to commit suicide, it cannot conclude that the absolute prohibition in the subsection is disproportionate to its legitimate aim.
That is the essence of reservations about end of life choice. Blackstone’s ratio applies to standards of proof in criminal proceedings: it is better that 10 guilty go free than one innocent suffer.
Those with reservations about end of life choice have the same concerns that motivated Blackstone’s ratio. Their reservations are focused on few cases of abuse not justifying the benefits of going gently into that good night by making exceptions from an absolute prohibition under the criminal law against assisted suicide for the terminally ill despite they being of sound mind and independent judgement.

The reverse gender tertiary education gap for ages 25–34, Anglo-Saxon countries
14 Jun 2015 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, labour supply, occupational choice, politics - Australia, politics - New Zealand, politics - USA Tags: Australia, British economy, Canada, College premium, education premium, gender wage gap, Ireland
Figure 1: % population who have attained at least tertiary education, age 25 – 34 by gender (2012)
Source: OECD family database.
Figure 2 shows that the stark reversing of the gender gap in educational attainment shown in figure 1 was somewhat more recent in the US, UK and to a lesser extent in Ireland and Australia. In the UK and USA, educational attainment by gender was pretty equal for the earlier generation of graduates as compared to today’s 25 to 34-year-olds. The reversing of the gender gap in educational attainment dates back several decades in Canada and New Zealand.
Figure 2: % population who have attained at least tertiary education, age 45 – 54 by gender (2012)
Source: OECD family database.
The average American woman now weighs as much as the average 1960s man
14 Jun 2015 Leave a comment
in economic history, politics - USA, poverty and inequality Tags: economics of physiology, family poverty, obesity, The Great Escape
Another rather stunning illustration of the size of the graduate premium in the USA
14 Jun 2015 Leave a comment
in economics of education, human capital, labour economics, occupational choice, politics - USA Tags: College premium, education premium, graduate premium
More Liberals but not fewer Conservatives in the USA
14 Jun 2015 Leave a comment
in politics - USA Tags: 2016 presidential election, voter demographics
Heard that conservatives are disappearing? Don't believe it: 53eig.ht/1Qp1Vej http://t.co/MPIFSAFeOs—
(@FiveThirtyEight) June 10, 2015
Gender wage gaps for tertiary educated and high school educated full-time workers in Anglo-Saxon countries
13 Jun 2015 Leave a comment
in discrimination, gender, human capital, labour economics, labour supply, occupational choice, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality Tags: asymmetric marriage premium, Australia, British economy, Canada, gender wage gap, Ireland, labour demographics, maternal labour supply
In another blow for the inherent inequality of bargaining power between workers and employers, and for the patriarchy, the wage gap is larger for tertiary educated female full-time workers aged 35-44 than it is for female full-time workers who just finished high school.
Figure 1: gender wage gap for mean full-time, full-year earnings for tertiary educated workers aged 35 – 44, 2012
Source: OECD family database.
To add insult to injury, the gender wage gap further tertiary educated female workers is quite large in the USA but quite small for high school graduates.
Figure 2: gender wage gap for mean full-time, full-year earnings for below upper secondary educated workers aged 35 – 44, 2012
Source: OECD family database.
Canada seems to be a bit of a patriarchal hellhole while New Zealand does pretty well in gender wage gaps.
The gender gap in figure 1 and in figure 2 are unadjusted and calculated as the difference between mean average annual full-time, full-year earnings of men and of women as a percentage of men’s earnings.
Hostage Uses Pizza Hut App to Order a Police Rescue
13 Jun 2015 Leave a comment
in economics of crime, law and economics, politics - USA Tags: crime and punishment, entrepreneurial alertness
Hostage Uses Pizza Hut App to Order a Police Rescue popularmechanics.com/default/a15405… http://t.co/gxFq0zqBCn—
Popular Mechanics (@PopMech) June 10, 2015


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