Nobody is particularly popular at the moment in the presidential primaries
16 Apr 2015 Leave a comment
Annual hours worked, USA, West Germany, Germany and France, 1950-2013
15 Apr 2015 Leave a comment
in economic growth, Euro crisis, fiscal policy, labour economics, labour supply, macroeconomics, politics - USA Tags: annual hours worked, Eurosclerosis, taxation and the labour supply, welfare state
The French and Germans work much less than the Americans
(via: bit.ly/1b2DfWo) http://t.co/S8XwIeLNBr—
Max Roser (@MaxCRoser) April 15, 2015
Max Roser tweeted this chart today showing that French and Germans work far fewer hours than Americans. His measure is annual hours worked divided by the number of persons engaged. Max Roser’s starter shows that French and German annual hours worked in a steady decline since 1950.
My measure below is annual hours worked per American, French, West Germany and German aged 15 to 64. My data shows a different picture. There are stable hours worked per working age American. European hours per worked per working age European fell rapidly up until 1986 or so and then stabilised. Each set of data, my data and Max Roser’s data, requires its own explanation. My explanation is the sharp rises in taxes Europe in the 1970s and 80s.
Source:OECD StatExtract and The Conference Board Total Economy Database, January 2014.
Each set of data, my data and Max Roser’s data, requires its own explanation. My explanation is the sharp rises in taxes net welfare state transfers in Europe in the 1970s and 80s.
Source: caramcdaniel.com
As an illustration, average tax rates on American labour incomes doubled between 1950 in 1980 and then was stable. Labour supply started recover after this point in time as well.
Average tax rates on French and German labour income more than doubled between 1950 to about 1990 and then stopped rising by much after that. At the same time, the fall in hours worked per working age German and French stopped. The average tax rate by that time in Europe was twice that of the USA.
Evolution of Coke 1899-1986
15 Apr 2015 Leave a comment
What are Hillary’s chances? What are Hillary’s chances?
15 Apr 2015 Leave a comment
in politics - USA Tags: 2016 presidential election
Real GDP per Canadian and American aged 15-64, 2013 price level, updated 2005 EKS PPP, detrended, 1970-2013
15 Apr 2015 Leave a comment
in economic growth, economic history, macroeconomics, politics - USA Tags: Canada, living standards
Figure 1: Real GDP per Canadian and American aged 15-64, converted to 2013 price level, updated 2005 EKS purchasing power parities, detrended 1.9%, 1970-2013, base 1970
Source: Computed from OECD Stat Extract and The Conference Board, Total Database, January 2014, http://www.conference-board.org/economics
A flat line means growth at the trend rate of 1.9%; a falling line means below trend rate of growth ; a rise in line means above trend rate of growth. Canada appears to have mostly been falling behind the USA.
Figure 2: Real GDP per Canadian and American aged 15-64, converted to 2013 price level, updated 2005 EKS purchasing power parities, 1950-2013
Source: Computed from OECD Stat Extract and The Conference Board, Total Database, January 2014, http://www.conference-board.org/economics.
Hollywood’s highest paid star Leonardo DiCaprio earns three times average FTSE 100 boss | City A.M.
15 Apr 2015 Leave a comment
in applied welfare economics, entrepreneurship, Marxist economics, politics - USA, Public Choice, Rawls and Nozick, rentseeking Tags: Occupy Wall Street, top 1%
This top 1% gets a pass from the Occupy activists
Hillary is running as some sort of class war warrior against the big end of town
14 Apr 2015 Leave a comment
in income redistribution, politics - USA, Public Choice, rentseeking Tags: 2016 presidential election, campaign finance report form, expressive voting, Hillary Clinton, median voter theorem, rational ignorance, rational irrationality, special interests
Top 20 Hillary Clinton campaign contributors, 1999-2014, in case you were wondering. http://t.co/c8KTOkJ30X—
Downtown Josh Brown (@ReformedBroker) April 14, 2015
Hillary’s first TV
14 Apr 2015 Leave a comment
in politics - USA, technological progress Tags: 2016 presidential election, creative destruction, Hillary Clinton, The Great Enrichment
Hillary Clinton is older than this http://t.co/drxM6eZyhe—
TakingHayekSeriously (@FriedrichHayek) April 14, 2015
Double Standards in Evaluating Violence by Self-Identified Christians and Muslims
14 Apr 2015 Leave a comment
in economics of crime, economics of religion, politics - USA
There are no large differences between Republicans (10 percent), Democrats (17 percent) and independents (14 percent) in views of whether a self-identified Christian who commits acts of violence in the name of Christianity is really Christian. However, there are significant partisan differences in views about whether a self-identified Muslim who commits acts of violence in the name of Islam is really Muslim. A majority (55 percent) of Republicans say that such a person is Muslim, compared about 4-in-10 Democrats (40 percent) and independents (39 percent). Majorities of Democrats (51 percent) and independents (53 percent) disagree that a self-identified Muslim who commits acts of violence is really Muslim.
White evangelical Protestants stand out strongly from other major religious groups in evaluating the religiosity of a self-identified Muslim who commits violence. Only roughly 4-in-10 white mainline Protestants (41 percent), Catholics (39 percent), black Protestants (36 percent), and non-Christian religiously affiliated Americans (35 percent) say a self-proclaimed Muslims who commits acts of violence in the name of Islam is really Muslim. In contrast, nearly 6-in-10 (57 percent) white evangelical Protestants believe that self-identified Muslims who commit acts of violence in the name of Islam are really Muslim.
Who pays income tax in the USA?
14 Apr 2015 Leave a comment
in politics - USA, public economics Tags: tax incidence, top 1%
The top 1% of income earners in the U.S. pay nearly half of all income tax on.wsj.com/1IRkAr1 http://t.co/n6L8QhArtq—
Nick Timiraos (@NickTimiraos) April 12, 2015
The survivalist community have finally gone organic and renewable
14 Apr 2015 Leave a comment
in environmentalism, health economics, politics - USA Tags: Big Wind, conspiracy theorists, organic farming, survivalists, wind power
For sale: luxury apocalypse-proof condos in a missile silo gu.com/p/4398h/tw via @guardiang2 @IAmTimDowling http://t.co/tH1B7M4lXT—
Guardian Visuals (@GraphicGuardian) November 13, 2014
PETA does not run a no-kill shelter
14 Apr 2015 Leave a comment
in politics - USA Tags: animal liberation, Animal welfare, Left-wing hypocrisy, PETA
Utopia, you are standing in it! 
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