Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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
16 Apr 2025 Leave a comment
in labour economics, labour supply, law and economics, politics - USA, population economics Tags: 2024 presidential election, economics of immigration
The intense struggle between the Trump Administration and federal judges continued this week with another court ordering a halt to a nationwide program. In Massachusetts, District Judge Indira Talwani is preventing President Donald Trump from canceling a Biden program granting parole and the right to work to immigrants from Cuba, Haiti, Nicaragua, and Venezuela (CHNV). […]
Federal Judge Halts Trump Administration’s Deportation of Half a Million Biden “Parolees”
13 Apr 2025 Leave a comment
in economics of love and marriage, labour economics, labour supply, law and economics, population economics Tags: economics of fertility
See They Want More Babies: Now They Have Friends in the White House by Lydia DePillis of The NY Times. Excerpts: “In designing policy requests for federal legislators, however, pronatalists run into a problem: There’s little evidence that subsidies and protections have substantially raised the number of children women have over their lifetime. It’s not for…
There’s little evidence that subsidies and protections have substantially raised the number of children women have over their lifetime
08 Apr 2025 Leave a comment
in human capital, labour economics, labour supply, population economics Tags: economics of immigration
22 Mar 2025 Leave a comment
in applied price theory, econometerics, economic history, economics of love and marriage, industrial organisation, labour economics, population economics Tags: dating markets, economics of fertility, marriage and divorce, marriage premium
How can I not link to a new Sam Peltzman piece on such a topic? Here goes: Since 1972, the General Social Survey has periodically asked whether people are happy with Yes, Maybe or No type answers. Here I use a net “happiness” measure, which is percentage Yes less percentage No with Maybe treated as […]
The Anatomy of Marital Happiness
01 Dec 2024 Leave a comment
in development economics, economic history, economics of love and marriage, growth miracles, human capital, labour economics, labour supply, law and economics, population economics Tags: China
28 Nov 2024 Leave a comment
in applied price theory, economics of love and marriage, labour economics, labour supply, law and economics, population economics Tags: economics of fertility
Six months ago, I’m not sure that I’d ever heard of demographer Lyman Stone. Now, people in my circles randomly drop his name on a weekly basis. His favorite topic, in case you haven’t heard, is global fertility decline. As a longtime natalist, I share his concerns. One of Stone’s top takeaways: Instead of talking…
Desired Fertility versus the Mueller Effect
20 Nov 2024 Leave a comment
in applied price theory, development economics, human capital, labour economics, labour supply, population economics Tags: economics of immigration
Before the fictional musical Borjas-Caplan immigration debate of 2024, there was the non-fictional non-musical Borjas-Caplan immigration debate of 2019. It was an unusual format: Both of us had the floor for over hour each. Borjas:Me:If you pay close attention to my opponent’s presentation, you’ll discover that he’s quite unlike every other critic of immigration. In…
The Borjas-Caplan Immigration Debate
26 Oct 2024 Leave a comment
in development economics, economic growth, economic history, growth miracles, labour economics, labour supply, macroeconomics, population economics Tags: economics of fertility, Japan
In total size, Japan’s economy is fourth-largest in the world, just behind Germany for third-largest. In per capita GDP, Japan is ahead of Spain and South Korea, although well behind Italy and France. With a life expectancy at birth of 84 years, ,Japan has one of the highest levels in the world. Clearly, Japan has…
The Puzzle of Japan’s Economy: When Productivity Gains Are Outside National Borders
08 Aug 2024 Leave a comment
in comparative institutional analysis, economics of bureaucracy, economics of education, economics of information, economics of media and culture, energy economics, environmental economics, environmentalism, global warming, politics - New Zealand, politics - USA, population economics, Public Choice Tags: climate alarmism
Roger Pielke Jr. explains at his blog Why Climate Misinformation Persists. Excerpts in italics with my bolds and added images. H/T John Ray Noble Lies, Conventional Wisdom, and Luxury Beliefs In 2001, I participated in a roundtable discussion hosted at the headquarters of the National Academy of Sciences (NAS) with a group of U.S. Senators, […]
Roots of Climate Change Distortions
31 Jul 2024 Leave a comment
in human capital, labour economics, labour supply, politics - New Zealand, population economics Tags: ageing society, economics of fertility
Earlier this week, I was interviewed by Paul Brennan on Reality Check Radio, on New Zealand’s declining birth rate. You can listen to the interview here. We didn’t have time to go through all of the questions I was given beforehand, so I thought I would add some points here, along with some links to…
The economics of the falling total fertility rate in New Zealand
17 Jul 2024 Leave a comment
in development economics, economic history, growth disasters, growth miracles, labour economics, labour supply, population economics Tags: China, economics of fertility
I’m in China this week, teaching about fiscal policy, convergence theory, and inequality at Northeastern University in Shenyang. So it’s a good opportunity to write about some pluses and minuses of Chinese economic policy. We’ll start this series by looking at demographics, which almost surely is the biggest long-run challenge for Chinese policymakers. How big […]
Chinese Economic Policy, Part I: The Demographic Challenge
22 Jun 2024 Leave a comment
in labour economics, labour supply, population economics Tags: ageing society, Japan
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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