Celebrating humanity's flourishing through the spread of capitalism and the rule of law
15 Dec 2025 Leave a comment
in economic growth, fiscal policy, labour economics, labour supply, macroeconomics, population economics, urban economics Tags: ageing society, population bust
I have a five-part series (here, here, here, here, and here) explaining that demographic decline will lead to fiscal crisis. The main takeaway is that entitlement programs are a ticking time bomb, and I castigate politicians who want to kick the can down the road (or make a bad situation even worse). This is a global problem, not merely an American problem, as […]
Demographic Decline, Part I: Baby Subsidies Are an Ineffective Response
03 Dec 2025 Leave a comment
in budget deficits, economic growth, economic history, financial economics, fiscal policy, macroeconomics, population economics, public economics Tags: ageing society, Japan, population bust
I often get asked when the United States will suffer a Greek-style fiscal crisis. My answer is always “I don’t know,” though I freely admit we are heading in that direction. My lack of specificity isn’t merely because economists are lousy forecasters. I tell people it’s all about investor sentiment, and it’s hard to know […]
Japan’s Growing Burden of Government Means an Inevitable Fiscal Crisis
02 Oct 2025 Leave a comment
in development economics, economic history, growth miracles, labour economics, labour supply, population economics Tags: ageing society, China, population bust
11 Sep 2025 Leave a comment
in discrimination, economics of education, gender, population economics Tags: evolutionary biology
09 Sep 2025 Leave a comment
in labour economics, labour supply, population economics Tags: ageing society, economics of fertility, population bust
29 Aug 2025 Leave a comment
in population economics Tags: baby bust, economics of fertility
30 Jul 2025 1 Comment
in defence economics, economics of crime, International law, law and economics, laws of war, population economics, war and peace Tags: Gaza Strip, Israel, Middle-East politics, regressive left, war against terror, West Bank
A fair number of countries have decided to recognize Palestine as a sovereign state (the U.N. can’t as it requires Security-Council approval, and the U.S. is on that council). This has had little effect as simple declarations like this have no force in international law (see reference to Natasha Hausdorff below). Now, however, another state […]
French President Macron: a blockhead whose ignorance will harm Israel
19 Jul 2025 Leave a comment
in labour economics, labour supply, politics - USA, population economics Tags: economics of immigration
I recently argued that self-reports understate the personality gender gap. As long as some men rate their personalities relative to the average male, and some women rate their personalities relative to the average female, the gap the data reveal is less than the true gap. 798 more words
Immigrant Assimilation Is Obviously High
15 Jul 2025 Leave a comment
in development economics, economic history, labour economics, labour supply, population economics Tags: ageing society, economics of fertility, population bust
12 Jun 2025 1 Comment
in labour economics, labour supply, population economics Tags: ageing society, Japan, population bust
Japan must stop being overly optimistic about how quickly its population is going to shrink, economists have warned, as births plunge at a pace far ahead of core estimates. Japan this month said there were a total of 686,000 Japanese births in 2024, falling below 700,000 for the first time since records began in the […]
Japan facts of the day
01 Jun 2025 Leave a comment
in economics of media and culture, population economics
John Tyler was born in 1790 – 235 years ago. He became the 10th President of the United States, yet his grandson has just died. He had 15 children between 1815 (when he was 25) and 1860 (when he was 70). He was President from 1841 to 1845. One of the 150 was Lyon Tyler […]
The grandson of the 10th US President has just died
26 May 2025 1 Comment
in labour economics, labour supply, population economics Tags: ageing society, Japan
23 May 2025 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, health economics, labour economics, politics - USA, population economics Tags: abortion law reform
Regulations about abortion are often wildly controversial. But what effects to they actually have? Caitlin Myers addresses these issues in “From Roe to Dobbs: 50 Years of Cause and Effect of US State Abortion Regulations” (Annual Review of Public Health 2025, pp. 433-446). As a starting point, consider the years before and after the 1973 US Supreme Court…
US State-Level Abortion Regulations: Causes and Effects
08 May 2025 Leave a comment
in economics of love and marriage, human capital, labour economics, law and economics, population economics Tags: ageing society, South Korea
Fertility rates are falling around the world, but Republic of Korea is the outlier, with a fertility rate of 0.72 in 2024. The International Monetary Fund, in its report on Korea’s economic situation (generally quite good), thought that Korea’s low fertility justified adding an “Annex” to its most recent report on Korea’s economy: “Addressing Korea’s…
Korea’s Low Fertility Rate
30 Apr 2025 Leave a comment
in labour economics, labour supply, population economics
In its most recent World Economic Outlook report, the IMF includes a chapter on “The Rise of the Silver Economy: Global Implications of Population Aging” (April 2025). Here are the big trends in a nutshell. The red line (measured on the right-hand axis) shows that the average age of the global poulation was about 27…
The Silver (-Haired) Economy
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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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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