Congratulations to Peter Diamond, Dale Mortensen, and Christopher Pissarides on being joint winners of the 2010 Nobel Prize in Economics. I am stoked that Peter Diamond won this year – I was quietly rooting for him, especially after all this rubbish argument about whether he could be a Fed governor (of course he could be). …
Category Archive: Labour economics
Permanent link to this article: http://www.tvhe.co.nz/2010/10/12/nobel-2010/
May
05
2010
A novel solution to the student loan ‘problem’
In the 2005 election the Labour Government found itself in a very tight battle to retain power. In order to mobilise the student vote, Labour promised interest free student loans. The bribe assisted Labour in returning to Government for their third consecutive term. At the time National called the interest free loan scheme “irresponsible”. Since …
Permanent link to this article: http://www.tvhe.co.nz/2010/05/05/a-novel-solution-to-the-student-loan-problem/
Dec
16
2009
Against the Paradox of toil
In a recent post Paul Krugman raises the “paradox of toil” to explain why tax cuts are silly and government spending is good during a recession: So what’s the paradox of toil? If you cut taxes on labor income, this expands labor supply — which puts downward pressure on wages and leads to expectations of …
Permanent link to this article: http://www.tvhe.co.nz/2009/12/16/against-the-paradox-of-toil/
Nov
11
2009
Falling wage rates: Should we be concerned?
According to the Employers and Manufacturers Association’s 22% of job types are being done for a lower wage in 2009 then they were in 2008. Furthermore, according to recent labour market data 1% of actual employees have received a pay cut in the past year. At first this seems like a bad thing. Falling wages …
Permanent link to this article: http://www.tvhe.co.nz/2009/11/11/falling-wage-rates-should-we-be-concerned/
Sep
04
2009
Chelsea’s transfer ban and the potential for player hold-up
FIFA have punished Chelsea by banning them from the signing new players in the next two transfer windows after they were found guilty of inducing Gael Kakuta, a France youth international, to breach his contract with Lens in 2007. The decision means that Chelsea will not be able to add to their squad until January …
Permanent link to this article: http://www.tvhe.co.nz/2009/09/04/chelseas-transfer-ban-and-the-potential-for-player-hold-up/
Jul
28
2009
Can free markets punish racists?
The Standard mentions the writings of Richard Epstein on racial discrimination and says: A charitable reading of Epstein’s work is that he believes employment law stopping employers from putting “No Blacks or Jews” on their situations vacant ads is ineffective and counter-productive. Instead, we should allow employers to openly discriminate against people on the basis …
Permanent link to this article: http://www.tvhe.co.nz/2009/07/28/can-free-markets-punish-racists/
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