Celebrating humanity's flourishing through the spread of capitalism and the rule of law
24 Feb 2016 Leave a comment
in development economics, economic history, entrepreneurship, financial economics, growth miracles, industrial organisation, rentseeking, survivor principle Tags: billionaires, China, entrepreneurial alertness, Hong Kong, Japan, superstar wages, superstars, Taiwan
Surprisingly few billionaires in any of the 4 countries obtained their wealth through political connections. Founding a company seems to be still the path of great wealth even in Japan these days. Hong Kong is a financial centre so the large number of billionaires in its financial sector is no surprise.
20 Feb 2016 Leave a comment
in applied welfare economics, economics of regulation, fiscal policy, labour economics, politics - Australia, politics - New Zealand, politics - USA, welfare reform Tags: British economy, Canada, Denmark, Finland, France, Germany, Italy, Japan, Norway, social insurance, Sweden, welfare state
Mandatory and voluntary private social expenditure makes a big difference to the degree of social insurance in some countries but not others. The calculation of these numbers in purchasing power parity would be much more interesting.
Source: OECD Income Distribution database.
20 Feb 2016 Leave a comment
in fiscal policy, income redistribution, labour economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, welfare reform Tags: British economy, Denmark, Finland, France, Germany, Italy, Japan, Norway, social insurance, Sweden, welfare state
Some welfare states are much more targeted. Australia has the most targeted welfare state in terms of public social benefits paid in cash to the bottom quintile (Q1) of income earners.
Source: OECD Income Distribution database.
06 Feb 2016 Leave a comment
in defence economics, economics of education, liberalism, Marxist economics Tags: China, dissent, Japan, tinpot dictatorships, totalitarian dictatorships
At graduate school in Japan, I was careful to rarely talk politics to Chinese students.
The reason was I assumed they were being spied on by fellow students at the behest of the Chinese security services.
02 Feb 2016 1 Comment
in economic history, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: agricultural subsidies, Australia, Canada, cultural economics, Japan
Source: Agricultural policy – Agricultural support – OECD Data.
Agricultural support is defined as the annual monetary value of gross transfers to agriculture from consumers and taxpayers arising from government policies that support agriculture, regardless of their objectives and economic impacts.
02 Feb 2016 Leave a comment
in development economics, economic history, growth miracles Tags: East Asian Tigers, Japan
01 Feb 2016 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA, public economics Tags: Australia, Canada, Denmark, France, Germany, Italy, Japan, Social Security taxes, taxation and labour supply, the dish economy
31 Jan 2016 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA, public economics Tags: Australia, British economy, Canada, Denmark, France, Germany, Italy, Japan, New Zealand, social insurance, Social Security taxes, taxation and labour supply
Ordinary French, Germans, Italians and Danish pay much higher marginal tax rates and that is before their high rates of GST.
Data extracted on 30 Jan 2016 03:08 UTC (GMT) from OECD.Stat.
09 Jan 2016 Leave a comment
in economics of media and culture, transport economics Tags: Japan
…ridership at the Kami-Shirataki station had dramatically fallen because of its remote location, and freight service had ended there as well.Japan Railways was getting ready to shut the station down for good—until they noticed that it was still being used every day by the high-schooler. So they decided to keep the station open for her until she graduates.
The company’s even adjusted the train’s timetable according to the girl’s schedule. The unnamed girl is expected to graduate this March, which is when the station will finally be closed.
Source: Japan Keeps The Defunct Kami-Shirataki Train Station Open for Just One High-School Girl – CityLab
31 Dec 2015 Leave a comment
in economic history, population economics Tags: Japan
08 Nov 2015 1 Comment
in health economics Tags: Denmark, economics of obesity, Finland, Japan, Norway, Scandinavia, Sweden
05 Nov 2015 1 Comment
in development economics, economic history, growth miracles Tags: East Asian Tigers, Hong Kong, Japan, Singapore, South Korea, Taiwan
Japan has gone first to be last having been just overtaken in the last year or two by South Korea on a per capita real GDP basis, PPP. The Lost Decade certainly has taken its toll on Japanese relative prosperity. Singapore overtook Japan in the 1970s – a testament to the Singapore miracle. Hong Kong too overtook Japan on a purchasing power basis in the mid-1990s followed not long after by Taiwan. Singapore is seriously rich.
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
23 Oct 2015 Leave a comment
in discrimination, economic history, gender, human capital, labour economics, labour supply, occupational choice Tags: compensating differentials, gender wage gap, Japan
The unadjusted gender pay gap is still large in Japan but is declining slowly.
06 Oct 2015 Leave a comment
in economic history, labour economics, labour supply Tags: British economy, France, Japan
Source: Data extracted on 05 Oct 2015 22:01 UTC (GMT) from OECD.Stat and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
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