Skewed state? Spending on health & old age due to rise to 43%, education down to 13%. RF 2 update following #AS2015 pic.twitter.com/Xrnz8vp02I
— Resolution Foundation (@resfoundation) November 24, 2015
Where are British taxes spent?
26 Nov 2015 1 Comment
in budget deficits, defence economics, economics of education, fiscal policy, health economics, labour supply Tags: ageing society, British economy, British politics, demographic crisis
Russia has a serious shortage of men
05 Nov 2015 Leave a comment
in health economics, population economics Tags: ageing society, alcoholism, Russia, sex-ratios
The ageing of the couch potato
03 Nov 2015 Leave a comment
in economics of media and culture Tags: ageing society, creative destruction, digital media, legacy media
Who said the taxpayer was not forward-looking as per the Ricardian equivalence theorem
23 Sep 2015 Leave a comment
in fiscal policy, politics - USA Tags: ageing society, demographic crisis, Ricardian equivalence theorem
51% of nonretirees doubt they will receive Social Security… on.gallup.com/1NcwzEa #GallupDaily http://t.co/ZhKnHYtr1X—
(@GallupNews) August 13, 2015
How many more golden years can we expect
23 Sep 2015 Leave a comment
in development economics, growth disasters, growth miracles, health economics Tags: ageing society, demographic crisis, life expectancies, The Great Escape
Life expectancy is on the rise, but not all of those years will be golden econ.st/1LBVyS5 http://t.co/YHTUPETk1q—
The Economist (@ECONdailycharts) August 26, 2015
The Chinese demographic crisis is now
26 Aug 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, labour economics, labour supply, population economics Tags: ageing society, China, demographic crisis, older workers
China's massive economic advantage over the world is about to disappear read.bi/1MkYx1p http://t.co/Fw9zmMTuVx—
BI Markets (@themoneygame) August 11, 2015
France is holding its own on the demographic crisis
26 Aug 2015 Leave a comment
in population economics Tags: ageing society, demographic crisis, economics of fertility, France, Japan, South Korea
The benefits and costs of the @NZSuperFund since its inception
17 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, economic growth, economic history, entrepreneurship, financial economics, fiscal policy, industrial organisation, labour economics, labour supply, macroeconomics, politics - New Zealand, public economics Tags: ageing society, company tax rate, deadweight cost of taxes, demographic crisis, efficient markets hypothesis, laffer curve, New Zealand superannuation fund, old age pensions, retirement savings, social insurance, sovereign wealth funds, taxation and entrepreneurship, taxation and investment, taxation and labour supply
Most mutual funds still can't beat their benchmark read.bi/1GkTig1 http://t.co/r7ezoDGJbV—
BI Chart of the Day (@chartoftheday) June 03, 2015
The New Zealand Superannuation Fund, the sovereign wealth fund part funding New Zealand’s old-age pension from 2029/2030 onwards, has been a bit of a wild ride. Sometimes the earnings of the Fund were well below and sometimes earning well above the long-term bond rate.
![image_thumb[3]](https://utopiayouarestandinginit.com/wp-content/uploads/2015/08/image_thumb310.png "image_thumb[3]")
Source: New Zealand Superannuation Fund Annual Report 2014.
Since its inception, the Fund earned an average annual return of 9.78%, which was 5.06% above the long-term bond rate, and 1.03% above its reference portfolio.
No information was given in the annual report of the New Zealand Superannuation Fund on the marginal dead weight cost of the taxes raised to fund the New Zealand Superannuation Fund to see whether there is any net benefit to taxpayers from its establishment and continued operation.
The New Zealand Government has contributed $14.88 billion to the fund from prior its inception in 2001 to the suspension of contributions in 2009 by the incoming National Party Government.
Source: New Zealand Treasury.
Over the nine years in which contributions were made, the company tax rate of 28% could have easily been up to 10 percentage points lower.
The New Zealand Treasury estimates that a one percentage point cut in the company tax costs about $220 million in forgone revenue if there are no other changes to the tax system. These are static estimates that do not include any feedback from greater investment and higher growth.
The New Zealand Superannuation Fund must beat the market every single year to make up for the deadweight cost of its funding, a premium for the investment risk added to the Crown’s portfolio and the cost to New Zealand’s growth rate of higher than otherwise taxes on income, entrepreneurship and investment.
Source: Abolish the Corporate Income Tax – The New York Times.
Japan’s population is set to fall 32% by 2060
12 Aug 2015 Leave a comment
in labour economics, labour supply Tags: ageing society, demographic crisis, Japan
Japan's population is set to fall 32% (!) by 2060, and 40% will be over age 65 econ.st/1Nk65i4 http://t.co/pes8KW6Mnm—
Nick Timiraos (@NickTimiraos) July 13, 2015
Population projections for the rest of this century
10 Aug 2015 Leave a comment
in development economics, economic history, population economics Tags: ageing society, demographic crisis, economics of fertility
Daily chart: India will surpass China as the world's most populous country in 2022 econ.st/1MKsSFu http://t.co/EBeGKsMCtp—
The Economist (@ECONdailycharts) August 05, 2015
Which Nation Has the Worst Dependency Ratio?
09 Aug 2015 1 Comment
in economic history, politics - USA, public economics Tags: ageing society, demographic crisis, dependency ratio, social insurance
Past, present, and future of the welfare state… http://t.co/1gcGree4o1—
Austrian EconoCenter (@AustrianCenter) June 22, 2015
For both policy reasons and narcissism, I wish the most popular item ever posted on International Liberty was Mitchell’s Golden Rule.
But that guide to sensible fiscal policy isn’t even in the top 70.
Instead, my most-read post is a set of cartoons showing how the welfare state inevitably metastasizes as more and more people are lured into the wagon of government dependency.
I suspect these cartoons are popular because they succinctly capture and express a concern that is instinctively felt by many people.
But instinct isn’t the same as evidence.
So I’ve shared various estimates of America’s growing dependency problem, though I’ve also warned that these numbers don’t necessarily tell the full story.
Given my dissatisfaction with the current estimates, I was very interested to see a new attempt to measure the degree to which nations are undermined by ever-expanding redistribution. Writing for the Mises Institute and…
View original post 590 more words
What do 7 billion people do?
05 Aug 2015 Leave a comment
in population economics Tags: ageing society, labour demographics, Population demographics
What do 7 billion people do? http://t.co/DLGK4maReO—
Incredible Data (@Incredible_Data) July 07, 2015
Average effective retirement age by gender in the PIGS, 1970 – 2012
27 Jul 2015 Leave a comment
in currency unions, economic history, Euro crisis, fiscal policy, labour economics, labour supply Tags: ageing society, demographics crisis, economics of retirement, female labour force participation, Greece, Italy, male labour force participation, old age pensions, older workers, Portugal, social insurance, Social Security, Spain, taxation and labour supply
Figure 1 shows a relatively distinct pattern for men in the PIGs. Portugal aside, there has been a long decline retirement ages. This is different to the Anglo-Saxon countries where effective retirement ages have been increasing in recent years for men.
Figure 1: average effective retirement age (5-year averages), men, Portugal, Italy, Greece and Spain, 1970 – 2012
Source: OECD Pensions at a Glance.
Figure 2 shows that apart from Greece, that after a long decline in female effective retirement ages, there was something the rebound, especially in Italy and Portugal. In Greece, the rebound was in the 80s, followed by a resumption of decline from the mid 90s.
Figure 2: average effective retirement age (5-year averages), women, Portugal, Italy, Greece and Spain, 1970 – 2012
Source: OECD Pensions at a Glance.
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