Short version — reforms Greece is being told to make, and what it's getting on debt relief. uk.businessinsider.com/greece-europea… http://t.co/eNrXu47Elc—
Mike Bird (@Birdyword) July 13, 2015
The Puerto Rican sovereign default explained
30 Jun 2015 Leave a comment
in economic growth, fiscal policy, international economic law, politics - USA, population economics Tags: ageing society, economics of immigration, Puerto Rica, sovereign defaults
Puerto Rico's debt is nearly half that of California for a population one-tenth the size on.wsj.com/1Kj5XPZ http://t.co/nM2aM8kWtP—
Nick Timiraos (@NickTimiraos) June 29, 2015
Fastest-growing economies and fastest-growing populations
28 Jun 2015 Leave a comment
in development economics, growth disasters, growth miracles, population economics Tags: ageing society, labour demographics
Japan’s population distribution by age – 1950, 2007, and 2050
26 Jun 2015 Leave a comment
Japan's population distribution by age – 1950, 2007, and 2050.
(from: wapo.st/153trI8) http://t.co/vt9z9NQDFs—
Max Roser (@MaxCRoser) June 22, 2015
Does the NZ Superannuation Fund recover the deadweight cost of the taxes that funded it?
24 Jun 2015 Leave a comment
in comparative institutional analysis, financial economics, income redistribution, politics - New Zealand, Public Choice, public economics Tags: ageing society, demographic crisis, New Zealand superannuation fund, old age pensions, social insurance, sovereign wealth funds, welfare state
The $30 billion New Zealand Superannuation Fund is the best performing sovereign wealth fund over the past five years, generating returns of more than 17 per cent a year.
Those returns easily beat all other sovereign wealth funds that publish their figures, according to a global study by JP Morgan. In the last three years alone, the fund returned an average of 21 per cent a year.
Good thing to do considering that the default deadweight cost of taxation is put by that Treasury to be 20%:
As a general rule, deadweight losses should be included if they are of sufficient size relative to the overall costs and benefits of the proposal that they are capable of altering the decision as to whether or not to proceed with the proposal.
Having said this, deadweight losses are notoriously difficult to quantify. Estimates vary from 14% up to 50% of the revenue collected.
Treasury suggests a rate of 20% as a default deadweight loss value in the absence of an alternative evidence based value. Thus public expenditures should be multiplied by a factor of 1.2 prior to discounting to incorporate the effects of deadweight loss.
This deadweight cost of taxation includes funds contributed to New Zealand government owned investment funds. In a speech last week, the Super Fund chairman Gavin Walker warned that the recent high returns were unlikely to continue in the long-term:
The last few years are likely to have been among the best years the fund will experience for some time,” he said. “On average and over the long-term we expect to earn the rather less exciting figure of 8 per cent [per annum] – but which will still provide a handsome return to New Zealander stakeholders.
The New Zealand Superannuation Fund must beat the market every single year to make up for the deadweight cost of its funding, the usual interest rate on borrowed funds, 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.
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 median age in each country
24 Jun 2015 Leave a comment
in population economics Tags: ageing society, labour demographics
The median age in each country http://t.co/nUHGzTpwFc—
Amazing Maps (@Amazing_Maps) March 10, 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
Should the New Zealand superannuation fund try to beat the market?
09 Jun 2015 Leave a comment
in entrepreneurship, financial economics, politics - New Zealand Tags: active investing, ageing society, demographic crisis, efficient markets hypothesis, entrepreneurial alertness, New Zealand superannuation fund, old age pensions, passive investing, retirement savings
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 mind is actually the last to go?
07 Jun 2015 Leave a comment
in human capital, labour economics, labour supply, population economics Tags: ageing, ageing society, economics of physiology
The age composition of the US labour force
19 May 2015 Leave a comment
in labour economics, labour supply Tags: ageing society, labour demographics, labour force participation, older workers
It happened: Millennials are now the biggest generation in the U.S. workforce on.wsj.com/1IugHMe http://t.co/lUDjT1Rjwk—
Becky Bowers (@beckybowers) May 11, 2015
Working age populations of Australia, New Zealand and Japan
18 May 2015 Leave a comment
in labour economics, labour supply, politics - New Zealand, politics - USA Tags: ageing society, Australia, Japan, labour demographics, New Zealand
HT: OECD
Working age populations start falling in many countries by 2025
29 Apr 2015 Leave a comment
in labour economics, labour supply Tags: ageing society, labour demographics
Japanese population has peaked and is now in rapid decline to 2050
27 Apr 2015 Leave a comment
in labour economics, labour supply, population economics Tags: ageing society, economics of fertility, Japan, labour demographics
Japan's projected population through 2050. #dataviz
Source: washingtonpost.com/blogs/worldvie… http://t.co/79DKF0mQTs—
Randy Olson (@randal_olson) January 06, 2015
Utopia, you are standing in it! 
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