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unemployment.”
SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD ITSEE MORE ONMILESCORAK.COM
TRADE BETWEEN CANADA AND INDIA IS DOMINATED BY A FEW Here is a quick snapshot of trade patterns between Canada and India, that may offer a bit of context given that the Canadian Prime Minister is currently in India. Trade between the two countries is only a very small fraction of their overall exports: in 2009 total ECONOMICS FOR PUBLIC POLICY This posts offers my written statement for a presentation made on February 23rd to the Canadian House of Commons, Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities as a part of its Review of the Employment Insurance Program.. Employment Insurance has been found wanting. ABOUT ME – ECONOMICS FOR PUBLIC POLICY My name is Miles Corak and I am a full professor of economics with The Graduate Center of the City University of New York, and senior scholar at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality.During the calendar year 2017, I was the Economist in Residence at Employment and Social Development Canada, the department of the Canadian federal government PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can be made better off without making someone worse off. But that doesn't mean we like the outcomes, that they are fair or “PERFECT MARKETS AND THE ‘WORLD OF TRUTH’” In his widely read guide to economics---The Undercover Economist---Tim Harford writes: In a free market, people don't buy things that are worth less to them than the asking price. And people don't sell things that are worth more to them the asking price. The reason is simple: nobody is forcing them to, which means DAVID RICARDO’S EXPLANATION OF THE CASE FOR FREE TRADE One survey of professional economists in the United States found that 93% would agree with the claim that restrictions on free trade through tariffs and import quotas would reduce economic welfare. Yet, I'm certain those advocating for free trade are often accused of having a blind spot. Is there something in the economic method, which IN PANDEMIC TIMES, THE UNEMPLOYMENT RATE IS NOT WHAT IT Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries. Erin O’Toole, with a sense of indignation and urgency, has boldly proclaimed that “We lead the G7 inunemployment.”
SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD ITSEE MORE ONMILESCORAK.COM
TRADE BETWEEN CANADA AND INDIA IS DOMINATED BY A FEW Here is a quick snapshot of trade patterns between Canada and India, that may offer a bit of context given that the Canadian Prime Minister is currently in India. Trade between the two countries is only a very small fraction of their overall exports: in 2009 total PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can be made better off without making someone worse off. But that doesn't mean we like the outcomes, that they are fair or SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of “WE DON’T HAVE A CHANCE IN HELL …”, CANADA’S POVERTY The Minister of Employment and Social Development in the Canadian federal government, Ahmed Hussen, recently tabled an annual report taking stock of the country's poverty reduction strategy. The advisory council responsible for the reported dedicated it "to all those courageous people who shared their stories, successes and struggles with the Council in the hope that INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine AN EMPLOYMENT INSURANCE SYSTEM FOR THE 21ST CENTURY Canadian workers and their families have been rocked by three major shocks in just barely more than a decade, and all three times the Employment Insurance program has been found wanting. What reforms do big shocks call for? A big shock is a big change, and so the eligibility for and generosity of Employment Insurance EMPLOYMENT INSURANCE FOR THE FUTURE OF WORK, RIGHT NOW This posts offers my written statement for a presentation made on February 23rd to the Canadian House of Commons, Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities as a part of its Review of the Employment Insurance Program. Employment Insurance has been found wanting. It has SCARCITY AND ITS IMPLICATIONS Scarcity defines the economic way of thinking. Scarcity is a simple idea, yet it has major implications. If, as individuals or as a society, we have multiple objectives, and if our desires for these goals exceed the time and resources that can be used to attain them, then given that these resources can be used in different ways it matters how we allocate them. HERE IS THE SOURCE FOR THE “GREAT GATSBY CURVE” IN THE In the speech he gave at the Center for American Progress on January 12th, Alan Krueger, the Chairman of the Council of Economic Advisors, presented the "Great Gatsby" curve: the relationship between inequality and generational earnings mobility, citing in part a 2011 paper of mine. Here is the draft of the paper from which some THE ECONOMICS OF THE GREAT GATSBY CURVE In an article on the Brookings Institution website that was originally posted by the National Review, Scott Winship questions the idea that greater inequality at a point in time is associated with less generational mobility over time -- what the Chairman of the Council of Economic Advisors, Alan Krueger, called the "Great Gatsby Curve" in HOW THE GREAT GATSBY CURVE GOT ITS NAME Brendan Greeley, in an article published in BloombergBusinessweek called “The Great Gatsby Curve: How Inequality Became a Household Word,” offers an outline of this story, but with the broader objective of illustrating how the discussion of inequality and mobility moved from the academic world to be the center-piece of public policy discussion, and in particular to find its way in ECONOMICS FOR PUBLIC POLICY Statistics Canada reported Friday that the unemployment rate stands at 8.2 per cent, a full two percentage points above that of the United States. As opposition leader Mr. O’Toole points out by citing the Organization for Economic Cooperation and Development, that’s higherthan in
ABOUT ME – ECONOMICS FOR PUBLIC POLICY about me. My name is Miles Corak and I am a full professor of economics with The Graduate Center of the City University of New York, and senior scholar at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality. During the calendar year 2017, I was the Economist in Residence at Employment and Social Development Canada,the
“PERFECT MARKETS AND THE ‘WORLD OF TRUTH’” The chapter of his book called “Perfect Markets and the ‘World of Truth'” is the starting point and the end point of the next block of lectures in our course Economics for Everyone. Harford is describing both the power of markets, and the potential for their failures, big and small. He is describing what economics call the two fundamental IN PANDEMIC TIMES, THE UNEMPLOYMENT RATE IS NOT WHAT IT In pandemic times, the unemployment rate is not what it seems. March 14, 2021 ~ MilesCorak. Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries. PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR Public policy in competitive markets, for the bad and for the good. March 31, 2020. April 2, 2020. ~ MilesCorak. In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can bemade
DAVID RICARDO’S EXPLANATION OF THE CASE FOR FREE TRADE One survey of professional economists in the United States found that 93% would agree with the claim that restrictions on free trade through tariffs and import quotas would reduce economic welfare. Yet, I'm certain those advocating for free trade are often accused of having a blind spot. Is there something in the economic method, which SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD ITSEE MORE ONMILESCORAK.COM
TRADE BETWEEN CANADA AND INDIA IS DOMINATED BY A FEW Trade between Canada and India is dominated by a few commodities. November 4, 2012. September 15, 2014. ~ MilesCorak. Here is a quick snapshot of trade patterns between Canada and India, that may offer a bit of context given that the Canadian Prime Minister is currently in India. Trade between the two countries is only a very small fractionof
ECONOMICS FOR PUBLIC POLICY Statistics Canada reported Friday that the unemployment rate stands at 8.2 per cent, a full two percentage points above that of the United States. As opposition leader Mr. O’Toole points out by citing the Organization for Economic Cooperation and Development, that’s higherthan in
ABOUT ME – ECONOMICS FOR PUBLIC POLICY about me. My name is Miles Corak and I am a full professor of economics with The Graduate Center of the City University of New York, and senior scholar at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality. During the calendar year 2017, I was the Economist in Residence at Employment and Social Development Canada,the
“PERFECT MARKETS AND THE ‘WORLD OF TRUTH’” The chapter of his book called “Perfect Markets and the ‘World of Truth'” is the starting point and the end point of the next block of lectures in our course Economics for Everyone. Harford is describing both the power of markets, and the potential for their failures, big and small. He is describing what economics call the two fundamental IN PANDEMIC TIMES, THE UNEMPLOYMENT RATE IS NOT WHAT IT In pandemic times, the unemployment rate is not what it seems. March 14, 2021 ~ MilesCorak. Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries. PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR Public policy in competitive markets, for the bad and for the good. March 31, 2020. April 2, 2020. ~ MilesCorak. In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can bemade
DAVID RICARDO’S EXPLANATION OF THE CASE FOR FREE TRADE One survey of professional economists in the United States found that 93% would agree with the claim that restrictions on free trade through tariffs and import quotas would reduce economic welfare. Yet, I'm certain those advocating for free trade are often accused of having a blind spot. Is there something in the economic method, which SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD ITSEE MORE ONMILESCORAK.COM
TRADE BETWEEN CANADA AND INDIA IS DOMINATED BY A FEW Trade between Canada and India is dominated by a few commodities. November 4, 2012. September 15, 2014. ~ MilesCorak. Here is a quick snapshot of trade patterns between Canada and India, that may offer a bit of context given that the Canadian Prime Minister is currently in India. Trade between the two countries is only a very small fractionof
PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR Public policy in competitive markets, for the bad and for the good. March 31, 2020. April 2, 2020. ~ MilesCorak. In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can bemade
AN EMPLOYMENT INSURANCE SYSTEM FOR THE 21ST CENTURY Canadian workers and their families have been rocked by three major shocks in just barely more than a decade, and all three times the Employment Insurance program has been found wanting. What reforms do big shocks call for? A big shock is a big change, and so the eligibility for and generosity of Employment Insurance “WE DON’T HAVE A CHANCE IN HELL …”, CANADA’S POVERTY The Minister of Employment and Social Development in the Canadian federal government, Ahmed Hussen, recently tabled an annual report taking stock of the country's poverty reduction strategy. The advisory council responsible for the reported dedicated it "to all those courageous people who shared their stories, successes and struggles with the Council in the hope that INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of EMPLOYMENT INSURANCE FOR THE FUTURE OF WORK, RIGHT NOW This posts offers my written statement for a presentation made on February 23rd to the Canadian House of Commons, Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities as a part of its Review of the Employment Insurance Program. Employment Insurance has been found wanting. It has SCARCITY AND ITS IMPLICATIONS Scarcity defines the economic way of thinking. Scarcity is a simple idea, yet it has major implications. If, as individuals or as a society, we have multiple objectives, and if our desires for these goals exceed the time and resources that can be used to attain them, then given that these resources can be used in different ways it matters how we allocate them. THE ECONOMICS OF THE GREAT GATSBY CURVE The Economics of the Great Gatsby Curve. January 17, 2012. October 22, 2012. ~ MilesCorak. In an article on the Brookings Institution website that was originally posted by the National Review, Scott Winship questions the idea that greater inequality at a point in time is associated with less generational mobility over time — what theChairman
HERE IS THE SOURCE FOR THE “GREAT GATSBY CURVE” IN THE In the speech he gave at the Center for American Progress on January 12th, Alan Krueger, the Chairman of the Council of Economic Advisors, presented the "Great Gatsby" curve: the relationship between inequality and generational earnings mobility, citing in part a 2011 paper of mine. Here is the draft of the paper from which some HOW THE GREAT GATSBY CURVE GOT ITS NAME How The Great Gatsby Curve got its name. On January 4th, 2012 The New York Times published an article called “ Harder for Americans to Rise from Lower Rungs .”. I had spent a considerable amount of time during the New Year’s holidays talking with Jason DeParle about the comparative literature on intergenerational income mobility, and was ECONOMICS FOR PUBLIC POLICY Statistics Canada reported Friday that the unemployment rate stands at 8.2 per cent, a full two percentage points above that of the United States. As opposition leader Mr. O’Toole points out by citing the Organization for Economic Cooperation and Development, that’s higherthan in
ABOUT ME – ECONOMICS FOR PUBLIC POLICY about me. My name is Miles Corak and I am a full professor of economics with The Graduate Center of the City University of New York, and senior scholar at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality. During the calendar year 2017, I was the Economist in Residence at Employment and Social Development Canada,the
IN PANDEMIC TIMES, THE UNEMPLOYMENT RATE IS NOT WHAT IT In pandemic times, the unemployment rate is not what it seems. March 14, 2021 ~ MilesCorak. Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries. “PERFECT MARKETS AND THE ‘WORLD OF TRUTH’” The chapter of his book called “Perfect Markets and the ‘World of Truth'” is the starting point and the end point of the next block of lectures in our course Economics for Everyone. Harford is describing both the power of markets, and the potential for their failures, big and small. He is describing what economics call the two fundamental PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR Public policy in competitive markets, for the bad and for the good. March 31, 2020. April 2, 2020. ~ MilesCorak. In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can bemade
DAVID RICARDO’S EXPLANATION OF THE CASE FOR FREE TRADE One survey of professional economists in the United States found that 93% would agree with the claim that restrictions on free trade through tariffs and import quotas would reduce economic welfare. Yet, I'm certain those advocating for free trade are often accused of having a blind spot. Is there something in the economic method, which INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD ITSEE MORE ONMILESCORAK.COM
TRADE BETWEEN CANADA AND INDIA IS DOMINATED BY A FEW Trade between Canada and India is dominated by a few commodities. November 4, 2012. September 15, 2014. ~ MilesCorak. Here is a quick snapshot of trade patterns between Canada and India, that may offer a bit of context given that the Canadian Prime Minister is currently in India. Trade between the two countries is only a very small fractionof
ECONOMICS FOR PUBLIC POLICY Statistics Canada reported Friday that the unemployment rate stands at 8.2 per cent, a full two percentage points above that of the United States. As opposition leader Mr. O’Toole points out by citing the Organization for Economic Cooperation and Development, that’s higherthan in
ABOUT ME – ECONOMICS FOR PUBLIC POLICY about me. My name is Miles Corak and I am a full professor of economics with The Graduate Center of the City University of New York, and senior scholar at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality. During the calendar year 2017, I was the Economist in Residence at Employment and Social Development Canada,the
IN PANDEMIC TIMES, THE UNEMPLOYMENT RATE IS NOT WHAT IT In pandemic times, the unemployment rate is not what it seems. March 14, 2021 ~ MilesCorak. Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries. “PERFECT MARKETS AND THE ‘WORLD OF TRUTH’” The chapter of his book called “Perfect Markets and the ‘World of Truth'” is the starting point and the end point of the next block of lectures in our course Economics for Everyone. Harford is describing both the power of markets, and the potential for their failures, big and small. He is describing what economics call the two fundamental PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR Public policy in competitive markets, for the bad and for the good. March 31, 2020. April 2, 2020. ~ MilesCorak. In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can bemade
DAVID RICARDO’S EXPLANATION OF THE CASE FOR FREE TRADE One survey of professional economists in the United States found that 93% would agree with the claim that restrictions on free trade through tariffs and import quotas would reduce economic welfare. Yet, I'm certain those advocating for free trade are often accused of having a blind spot. Is there something in the economic method, which INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD ITSEE MORE ONMILESCORAK.COM
TRADE BETWEEN CANADA AND INDIA IS DOMINATED BY A FEW Trade between Canada and India is dominated by a few commodities. November 4, 2012. September 15, 2014. ~ MilesCorak. Here is a quick snapshot of trade patterns between Canada and India, that may offer a bit of context given that the Canadian Prime Minister is currently in India. Trade between the two countries is only a very small fractionof
PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR Public policy in competitive markets, for the bad and for the good. March 31, 2020. April 2, 2020. ~ MilesCorak. In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can bemade
MARCH 2021 – ECONOMICS FOR PUBLIC POLICY March 14, 2021. ~ MilesCorak. ~ Leave a comment. Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries. The leader of Canada’s official opposition claims theCanadian
INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine AN EMPLOYMENT INSURANCE SYSTEM FOR THE 21ST CENTURY Canadian workers and their families have been rocked by three major shocks in just barely more than a decade, and all three times the Employment Insurance program has been found wanting. What reforms do big shocks call for? A big shock is a big change, and so the eligibility for and generosity of Employment Insurance “WE DON’T HAVE A CHANCE IN HELL …”, CANADA’S POVERTY The Minister of Employment and Social Development in the Canadian federal government, Ahmed Hussen, recently tabled an annual report taking stock of the country's poverty reduction strategy. The advisory council responsible for the reported dedicated it "to all those courageous people who shared their stories, successes and struggles with the Council in the hope that SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of EMPLOYMENT INSURANCE FOR THE FUTURE OF WORK, RIGHT NOW This posts offers my written statement for a presentation made on February 23rd to the Canadian House of Commons, Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities as a part of its Review of the Employment Insurance Program. Employment Insurance has been found wanting. It has SCARCITY AND ITS IMPLICATIONS Scarcity defines the economic way of thinking. Scarcity is a simple idea, yet it has major implications. If, as individuals or as a society, we have multiple objectives, and if our desires for these goals exceed the time and resources that can be used to attain them, then given that these resources can be used in different ways it matters how we allocate them. HOW TO THINK ABOUT “THINK” TANKS We need to arm ourselves with this self-awareness. If we do, then we can also be more aware of the things in a think tank’s make-up that can help in judging its credibility, and also how public policy discussion should be structured to help promote a sincere exchange of facts and ideas. 1. Begin with the idea that “think” tanks don’tthink.
HOW THE GREAT GATSBY CURVE GOT ITS NAME How The Great Gatsby Curve got its name. On January 4th, 2012 The New York Times published an article called “ Harder for Americans to Rise from Lower Rungs .”. I had spent a considerable amount of time during the New Year’s holidays talking with Jason DeParle about the comparative literature on intergenerational income mobility, and was ECONOMICS FOR PUBLIC POLICY This posts offers my written statement for a presentation made on February 23rd to the Canadian House of Commons, Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities as a part of its Review of the Employment Insurance Program.. Employment Insurance has been found wanting. ABOUT ME – ECONOMICS FOR PUBLIC POLICY My name is Miles Corak and I am a full professor of economics with The Graduate Center of the City University of New York, and senior scholar at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality.During the calendar year 2017, I was the Economist in Residence at Employment and Social Development Canada, the department of the Canadian federal government DAVID RICARDO’S EXPLANATION OF THE CASE FOR FREE TRADE One survey of professional economists in the United States found that 93% would agree with the claim that restrictions on free trade through tariffs and import quotas would reduce economic welfare. Yet, I'm certain those advocating for free trade are often accused of having a blind spot. Is there something in the economic method, which IN PANDEMIC TIMES, THE UNEMPLOYMENT RATE IS NOT WHAT IT Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries. Erin O’Toole, with a sense of indignation and urgency, has boldly proclaimed that “We lead the G7 inunemployment.”
PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can be made better off without making someone worse off. But that doesn't mean we like the outcomes, that they are fair or “PERFECT MARKETS AND THE ‘WORLD OF TRUTH’” In his widely read guide to economics---The Undercover Economist---Tim Harford writes: In a free market, people don't buy things that are worth less to them than the asking price. And people don't sell things that are worth more to them the asking price. The reason is simple: nobody is forcing them to, which means SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of SOCIAL MOBILITY, FIXED FOREVER? GREGORY CLARK’S THE SON The Son Also Rises forcefully advances the idea that social position is determined by innate CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD ITSEE MORE ONMILESCORAK.COM
TRADE BETWEEN CANADA AND INDIA IS DOMINATED BY A FEW Here is a quick snapshot of trade patterns between Canada and India, that may offer a bit of context given that the Canadian Prime Minister is currently in India. Trade between the two countries is only a very small fraction of their overall exports: in 2009 total ECONOMICS FOR PUBLIC POLICY This posts offers my written statement for a presentation made on February 23rd to the Canadian House of Commons, Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities as a part of its Review of the Employment Insurance Program.. Employment Insurance has been found wanting. ABOUT ME – ECONOMICS FOR PUBLIC POLICY My name is Miles Corak and I am a full professor of economics with The Graduate Center of the City University of New York, and senior scholar at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality.During the calendar year 2017, I was the Economist in Residence at Employment and Social Development Canada, the department of the Canadian federal government DAVID RICARDO’S EXPLANATION OF THE CASE FOR FREE TRADE One survey of professional economists in the United States found that 93% would agree with the claim that restrictions on free trade through tariffs and import quotas would reduce economic welfare. Yet, I'm certain those advocating for free trade are often accused of having a blind spot. Is there something in the economic method, which IN PANDEMIC TIMES, THE UNEMPLOYMENT RATE IS NOT WHAT IT Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries. Erin O’Toole, with a sense of indignation and urgency, has boldly proclaimed that “We lead the G7 inunemployment.”
PUBLIC POLICY IN COMPETITIVE MARKETS, FOR THE BAD AND FOR In this seventh lecture of Economics for Everyone, we address the nature of government intervention in perfectly competitive markets. Perfectly competitive markets lead to efficient outcomes, in the sense that no one can be made better off without making someone worse off. But that doesn't mean we like the outcomes, that they are fair or “PERFECT MARKETS AND THE ‘WORLD OF TRUTH’” In his widely read guide to economics---The Undercover Economist---Tim Harford writes: In a free market, people don't buy things that are worth less to them than the asking price. And people don't sell things that are worth more to them the asking price. The reason is simple: nobody is forcing them to, which means SOCIAL POLICY, NOW: NEXT STEPS FOR INCOME SUPPORT AND Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of SOCIAL MOBILITY, FIXED FOREVER? GREGORY CLARK’S THE SON The Son Also Rises forcefully advances the idea that social position is determined by innate CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD ITSEE MORE ONMILESCORAK.COM
TRADE BETWEEN CANADA AND INDIA IS DOMINATED BY A FEW Here is a quick snapshot of trade patterns between Canada and India, that may offer a bit of context given that the Canadian Prime Minister is currently in India. Trade between the two countries is only a very small fraction of their overall exports: in 2009 total ECONOMICS – ECONOMICS FOR PUBLIC POLICY In this eighth lecture of Economics for Everyone, we begin our discussion of macroeconomics, the study of the overall level of economic activity.. The lecture offers some background and motivation by examining the sharp increase and sluggish fall of the unemployment rate during the 1930s, the Great Depression. MARCH 2021 – ECONOMICS FOR PUBLIC POLICY This posts offers my written statement for a presentation made on February 23rd to the Canadian House of Commons, Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities as a part of its Review of the Employment Insurance Program.. Employment Insurance has been found wanting. ECONOMICS FOR EVERYONE In this eighth lecture of Economics for Everyone, we begin our discussion of macroeconomics, the study of the overall level of economic activity.. The lecture offers some background and motivation by examining the sharp increase and sluggish fall of the unemployment rate during the 1930s, the Great Depression. “PERFECT MARKETS AND THE ‘WORLD OF TRUTH’” In his widely read guide to economics---The Undercover Economist---Tim Harford writes: In a free market, people don't buy things that are worth less to them than the asking price. And people don't sell things that are worth more to them the asking price. The reason is simple: nobody is forcing them to, which means INEQUALITY – PAGE 11 – ECONOMICS FOR PUBLIC POLICY Posts about inequality written by MilesCorak. In a speech given this morning to announce an update on the government’s Strategy for Social Mobility, Nick Clegg, the Deputy Prime Minster of the United Kingdom, said that “We need an open society where people choose their place”; he said that “The effect of social class and class attitudes on Social Mobility are the ghost in the machine AN EMPLOYMENT INSURANCE SYSTEM FOR THE 21ST CENTURY Canadian workers and their families have been rocked by three major shocks in just barely more than a decade, and all three times the Employment Insurance program has been found wanting. What reforms do big shocks call for? A big shock is a big change, and so the eligibility for and generosity of Employment Insurance SCARCITY AND ITS IMPLICATIONS Scarcity defines the economic way of thinking. Scarcity is a simple idea, yet it has major implications. If, as individuals or as a society, we have multiple objectives, and if our desires for these goals exceed the time and resources that can be used to attain them, then given that these resources can be used in different ways it matters how we allocate them. “WE DON’T HAVE A CHANCE IN HELL …”, CANADA’S POVERTY The Minister of Employment and Social Development in the Canadian federal government, Ahmed Hussen, recently tabled an annual report taking stock of the country's poverty reduction strategy. The advisory council responsible for the reported dedicated it "to all those courageous people who shared their stories, successes and struggles with the Council in the hope that CANADA – ECONOMICS FOR PUBLIC POLICY An important dimension of equality of opportunity is the chances that children raised in poverty will grow up to become all that they can be, and even to move from "rags to riches." An aspiration of upward mobility means that poverty is not a life sentence, and has CANADA’S OFFICIAL POVERTY LINE: WHAT IS IT? HOW COULD IT Canada’s Poverty Reduction Strategy released by Jean-Yves Duclos, the Federal Minister of Minister of Families, Children and Social Development, proposes to introduce legislation to establish an official poverty line for the country. This is an act of political courage, but the poverty line continually needs to be updated and improved. Why is an official povertySkip to content
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“WE DON’T HAVE A CHANCE IN HELL …”, CANADA’S POVERTY REDUCTION STRATEGY NEEDS REAL VOICEMarch 14, 2021
~ MilesCorak ~ Leave acomment
Source: https://twitter.com/ESDC_GC/status/1364596131590791171 The Minister of Employment and Social Development in the Canadian federal government, Ahmed Hussen, recently tabled an annual report taking stock of the country’s poverty reduction strategy.
The advisory council responsible for the reported dedicated it “to all those courageous people who shared their stories, successes and struggles with the Council in the hope that we would in turn share them across Canada. You are at the heart of this report.”
People with “Lived experience” is how policy wonks and political staffers refer to them, stressing the importance of consulting citizens who are struggling with the challenges of living in poverty and facing the barriers of moving toward a better life. My three-year old post explaining Canada’s official poverty line continually garners views because it ranks high on a Google search for “Canada poverty line.” This means it gets read by a whole group of people who are not policy wonks, and often by people with “lived experience,” who often cry out and share their stories by proposing a comment for my web page, which if it has done any good helped them to realize how far below the poverty line they may well be. I hesitate approving their comments for public viewing because of their revealing and personal nature. But maybe I shouldn’t. They have voice, but they need to be listened to. So here is one more voice that encapsulates so much, and in many different ways, of what makes policy to the poor so important, but also reveals the limits of current actions. Continue reading ““We don’t have a chance in hell …”, Canada’s poverty reduction strategy needs real voice” →SHARE THIS:
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IN PANDEMIC TIMES, THE UNEMPLOYMENT RATE IS NOT WHAT IT SEEMSMarch 14, 2021
~ MilesCorak ~ Leave acomment
_Interpreting job market statistics demands a lot of care right now. The pandemic has muddied the statistical waters and created the illusion that unemployment rates are significantly higher in Canada than in other countries._
The leader of Canada’s official opposition claims the Canadian unemployment rate is higher than in other rich countries. Source: https://twitter.com/erinotoole/status/1367181227338264578?s=20 Erin O’Toole, with a sense of indignation and urgency, has boldly proclaimed that “We lead the G7 in unemployment.”
Statistics in the service of partisan politics are often, to put it gently, rather elastic in their meaning, so it is natural to wonder: do we really lead the pack in the dubious distinction of having the highest rate of unemployment? Statistics Canada reported Friday that the unemployment rate stands at 8.2 per cent, a full two percentage points above that of the United States. As opposition leader Mr. O’Toole points out by citing the Organization for Economic Cooperation and Development,
that’s higher than in many other rich countries. But more care is needed to uncover the true meaning of these numbers, because the pandemic has twisted the workings of the statistical machinery that in normal times serves us well. Continue reading “In pandemic times, the unemployment rate is not what it seems” →SHARE THIS:
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EMPLOYMENT INSURANCE FOR THE FUTURE OF WORK, RIGHT NOW March 9, 2021March 16, 2021 ~ MilesCorak ~ Leave acomment
_This posts offers my written statement for a presentation made on February 23rd to the Canadian House of Commons, Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities as a part of its Review of the EmploymentInsurance Program
.
_
Employment Insurance has been found wanting. It has been found wanting for decades. It was slow to respond to the Great Recession of 2018, and left many Canadians, particularly in central Canada, with poor and inadequateincome insurance.
It was slow to respond to the collapse of commodity prices in 2014 that devasted the jobs and livelihoods of many Canadians, particularly in Alberta, leaving them with poor and inadequate income insurance. And of course, it was slow to respond, indeed stalled almost completely, to the COVID pandemic, leaving all working Canadians, almost without regard to their station in life, with poor and inadequate income insurance. But many Canadians have long been shut out or at best under-served by this crucial pillar of our social insurance system, a program that is solely under federal responsibility. Workers in the arts and culture industries; self-employed workers; lower paid workers with intermittent jobs; quitters, new labour market entrants, the young as well as those in mid or late careers. Employment Insurance has been found wanting, many Canadians have experienced that for decades, and now is well beyond the time to dosomething about it.
The government can proceed immediately with a series of important changes that are well within its administrative capacity, but it also must proceed with an eye to more fundamental changes in the near term that may require more consultation. But before I outline these immediate-term and near-term possibilities, let me tell you what Canadians don’t need more of. They don’t need more platitudes about getting a better education, getting more training. The EI program already transfers almost $3 billion to the provinces for programs of this sort, some are effective, some less so. But the government doesn’t need to spend more money on training through EI, and putting more responsibility on individuals to adjust to the storms of a turbulent job market. Canadians, in the first instance, need better and more complete income insurance. My suggestions are directed to this need. Continue reading “Employment Insurance for the future of work,right now” →
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AN EMPLOYMENT INSURANCE SYSTEM FOR THE 21ST CENTURY: LESSON 2, THE FUTURE OF WORK CALLS FOR BETTER INCOME INSURANCE January 19, 2021January 23, 2021 ~ MilesCorak ~ 1 Comment _The COVID pandemic has fast-forwarded many changes in the way employers manage, monitor, and motivate their employees. The future of work is here and will involve more insecurity for many workers. The Canadian federal government can offer better and more appropriate income insurance by responding with both quick and easy, and with more fundamental changes to the Employment Insurance program._
The 2020 Speech from the Throne boldly claims that “This pandemic has shown that Canada needs an system for the 21st century, including for the self-employed and those in the gig economy.” That is a tall order, a major overhaul of a complicated program in the span of the next couple of months, with little or virtually no consultation of stakeholders or engagement of experts outside of the government. Will Minister Qualtrough, her cabinet
colleagues, and of course the Prime Minister, get it right? After all the need for EI reform has long been recognized, with lessons learned well before the onset of COVID19, but always politically convenient to put off. What does the 21st century hold forus?
Well, we’ve seen a good deal during its first 20 years, and some big lessons are pretty clear. I draw three lessons, and these should be used to judge what the government has in store. You can read about the first here: Big shocks matter and need a response in real time.
This post discusses the second and the reforms it calls for: Lesson 2 is “The future of work has arrived and needs better income insurancefor all.”
Continue reading “An Employment Insurance system for the 21st century: Lesson 2, The future of work calls for better income insurance” →SHARE THIS:
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AN EMPLOYMENT INSURANCE SYSTEM FOR THE 21ST CENTURY: LESSON 1, BIGSHOCKS MATTER
October 30, 2020February 24, 2021 ~ MilesCorak ~ 3 Comments _CANADIAN WORKERS AND THEIR FAMILIES HAVE BEEN ROCKED BY THREE MAJOR SHOCKS IN JUST BARELY MORE THAN A DECADE, AND ALL THREE TIMES THE EMPLOYMENT INSURANCE PROGRAM HAS BEEN FOUND WANTING._ _WHAT REFORMS DO BIG SHOCKS CALL FOR? A BIG SHOCK IS A BIG CHANGE, AND SO THE ELIGIBILITY FOR AND GENEROSITY OF EMPLOYMENT INSURANCE BENEFITS SHOULD IN SOME PART BE DETERMINED BY REAL-TIME CHANGES IN EMPLOYMENT, NOTJUST THE LEVEL._
The 2020 Speech from the Throne boldly claims that “This pandemic has shown that Canada needs an system for the 21st century, including for the self-employed and those in the gig economy.” That is a tall order, a major overhaul of a complicated program in the span of the next couple of months, with little or virtually no consultation of stakeholders or engagement of experts outside of thegovernment.
Will Minister Qualtrough, her cabinet
colleagues, and of course the Prime Minister, get it right? After all the need for EI reform has long been recognized, with lessons learned well before the onset of COVID19, but always politically convenient toput off.
What does the 21st century hold for us? Well, we’ve seen a good deal during its first 20 years, and some big lessons are pretty clear. These should be used to judge what the government has in store. This post discusses the first of three lessons and the reforms they call for: Lesson 1, Big shocks matter and need a response in real time Continue reading “An Employment Insurance system for the 21st century: Lesson 1, Big shocks matter” →SHARE THIS:
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EMPLOYMENT INSURANCE REFORM THAT PROMOTES AGENCY October 19, 2020January 23, 2021 ~ MilesCorak ~ 1 Comment _BENEFITS FOR EMPLOYEE INITIATED TIME AWAY FROM WORK SHOULD BE DELIVERED THROUGH INDIVIDUAL ACCOUNTS, AND A NEW PROGRAM FOR MATERNITY AND PARENTAL BENEFITS SHOULD BE STARTED OUTSIDE OF EMPLOYMENTINSURANCE._
More than one out of every three dollars distributed through the Employment Insurance program are for so-called Special Benefits, those parts of the program associated with maternity and parental leave, with caregiving, and with sickness. The fact that the COVID19 pandemic is a health crisis with important job market consequences has sharply exposed and widened gaps not just in EI’s coverage and delivery of job loss benefits, but also with these Special Benefits. Constructive reform will require rationalization of coverage for demographic and family risks and should proceed in a way that recognizes both their collective and individual nature, with a delivery design that gives citizens agency in an incentive compatibleway.
This can be best accomplished by delivering Special Benefits through individual accounts, while at the same time devising a new program for maternity and parental benefits outside Employment Insurance. Continue reading “Employment Insurance reform that promotes agency” →SHARE THIS:
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