tag:blogger.com,1999:blog-2830084253401570472.post7695285931346789604..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Explaining quantities without pricesEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2830084253401570472.post-6637108783160792362011-02-17T08:44:51.728+13:002011-02-17T08:44:51.728+13:00Thanks Eric!
Kimble, yea umm "worry" was...Thanks Eric!<br />Kimble, yea umm "worry" was the wrong word, I was "worried" about the interpretation of the data rather than the underlying issue (Eric's link moves some way towards resolving these "worries"). I'm quite agnostic on the whole issue and was merely looking for more info. I would always support the hiring of a more productive youth over a less productive adult--at the same price.<br />To see that perhaps half of these youth jobs were lost rather than given to full minimum wage workers definitely supports the reintroduction of the youth minimum wage.<br />I have no comment on the inherent educational benefits of youth work--or on the benefits of adult employment--to future productivity of these workers, however I'd be happy to read any material available.Alfrednoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-30447192663580281372011-02-16T12:43:53.523+13:002011-02-16T12:43:53.523+13:00Alfred, if you are worried about the youth rates p...Alfred, if you are worried about the youth rates pricing adults out of the market, then how would youth 'skilling' adults out of the market be any different. Training the youths will make them more attractive as employees than some adults.<br /><br />Youths would be hired instead of adults, but because their value has increased, not because their price is lower. Why is one better than the other?Kimblenoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-26462199927806215382011-02-16T10:25:35.672+13:002011-02-16T10:25:35.672+13:00I don't know that for the current period in NZ...I don't know that for the current period in NZ. But there's a US estimate; I noted it <a href="http://offsettingbehaviour.blogspot.com/2011/01/chutzpah.html?showComment=1294786763856#c6487866289688667043" rel="nofollow">here.</a>Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-13296935217898101062011-02-15T18:59:40.086+13:002011-02-15T18:59:40.086+13:00"we also might want to consider pricing them ..."we also might want to consider pricing them out of the market". I worry that the youth minimum wage was "pricing out" adult low productivity workers.<br />Is there any data that can tell us how the impact of the removal of the youth minimum wage has been distributed between a reduction in total jobs and a shift from youth workers to adult workers?<br />As you say, the adult unemployment rate is at a very low 4.5 percent.Alfrednoreply@blogger.com