tag:blogger.com,1999:blog-2830084253401570472.post2935104685525128863..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Minimum wages - addressing the more sensible critiquesEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2830084253401570472.post-37087118977496288772011-05-09T22:57:31.186+12:002011-05-09T22:57:31.186+12:00@TGGP: Ehrlich is the opposite of Eric. I thought ...@TGGP: Ehrlich is the opposite of Eric. I thought it fit. And Erin is my sister.<br /><br />@Anon: Missed it, thanks for the heads up. Haven't talked to Larry about it, or at least not this go round. I was on his show in February, but about Rugby World Cup. Larry's characterisation isn't bad. He took out a caveat or two, but that's where I'd be putting my money were there a market on it - youth unemployment would be 5-8 points lower (8 points by this quarter's figures, about 12,000 kids) had they not gotten rid of the lower differential youth minimum wage. The more quarters pass, the harder it is to point to anything else that could have driven the wedge between youth and adult unemployment rates. You need something that starts in 08 and persists through present that plausibly makes the wedge between adult and youth unemployment.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-75769307033109873352011-05-09T20:14:21.936+12:002011-05-09T20:14:21.936+12:00This makes me wonder whether there are studies tha...This makes me wonder whether there are studies that take as their main independent variable the ratio of the minimum to the average hourly wage. Also, given that siginificance tests are arguably inappropriate in the kinds of samples this research uses, which way do the nonsignificant coefficients point?LemmusLemmushttps://www.blogger.com/profile/00917054221547240969noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-57937641507785109472011-05-09T18:58:17.368+12:002011-05-09T18:58:17.368+12:00You got a mention on News Talk ZB tonight when lar...You got a mention on News Talk ZB tonight when larry was interviewing fill in phil at about 6:15pm. Might be worth a listen as I'm not sure you'll like the way larry framed what you said.<br /><br />Have you been interviewed on this topic by Larry sounds like he'd be interisted in doing so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-70087500665953878062011-05-09T18:13:58.624+12:002011-05-09T18:13:58.624+12:00Ehrlich is a horrible name for an alter-ego. It...Ehrlich is a horrible name for an alter-ego. It's the last name of a prominent environmentalist doom-monger. Erin would be much better. Or you could go with Rick or Elrod.TGGPhttps://www.blogger.com/profile/11017651009634767649noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-8431469668721694012011-05-09T17:05:28.584+12:002011-05-09T17:05:28.584+12:00The most sane reason of the lot, if I recall corre...The most sane reason of the lot, if I recall correctly, was that it was a second best policy when constrained against making other policy moves that benefit the working poor, and that at low rates relative to the average wage, employment effects were small. <br /><br />I'm not sure why economists with those preferences don't lobby directly for a guaranteed minimum income or a negative income tax.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-18297079603955594302011-05-09T15:42:39.440+12:002011-05-09T15:42:39.440+12:00On why economists support the minimum wage see:
&...On why economists support the minimum wage see:<br /><br />"Reasons for Supporting the Minimum Wage: Asking Signatories of the “Raise the Minimum Wage” Statement" by Daniel B. Klein and Stewart Dompe, 'Econ Journal Watch', Volume 4, Number 1, January 2007, pp 125-167.Paul Walkerhttps://www.blogger.com/profile/13731003529546075700noreply@blogger.com