Re: Real wages constant since 1964?!

2003-12-03 Thread William Dickens
David Levenstam wrote: Yes, the BLS series uses CPI-u to deflate the nominal wage series. Since CPI-u doesn't account for changes in the quality of goods or the market basket, and overstates inflation more the higher the actual rate of inflation, for the inflationary period from roughly 1968-1983

Re: Real wages constant since 1964?!

2003-12-03 Thread William Dickens
This is completely wrong. The CPI-u is, and the CPI-x was, adjusted for quality changes (see http://www.bls.gov/cpi/home.htm ). The CPI-X doesn't exist anymore. So what price statistic wasn't adjusted for quality changes? They all are. No one (who knew what he was talking about) has ever

Re: Real wages constant since 1964?!

2003-12-04 Thread William Dickens
. And I don't think they just said it was inadequate. William Dickens wrote: This is completely wrong. The CPI-u is, and the CPI-x was, adjusted for quality changes (see http://www.bls.gov/cpi/home.htm ). The CPI-X doesn't exist anymore. So what price statistic wasn't adjusted for quality changes

Re: Oscar Political Business Cycle

2004-01-05 Thread William Dickens
aren't going to do well at the box office. - - Bill Bryan Caplan [EMAIL PROTECTED] 01/05/04 01:14AM But this wouldn't explain the clustering of *plausible prize-winners* (many of which are not big grossers) around Xmas. - Original Message - From: William Dickens [EMAIL PROTECTED] Date

Re: Oscar Political Business Cycle

2004-01-05 Thread William Dickens
aren't going to do well at the box office. - - Bill [EMAIL PROTECTED] 01/05/04 01:14AM But this wouldn't explain the clustering of *plausible prize-winners* (many of which are not big grossers) around Xmas. - Original Message - From: William Dickens [EMAIL PROTECTED] Date: Saturday

State IQ and why Libertarians should all become Democrats

2004-11-06 Thread William Dickens
Those guys are Marginal Revolution already got to that Economist article:http://www.marginalrevolution.com/marginalrevolution/2004/05/iq_hoax.html So your claiming that the data in the article in the economist can't be found in the Lynn book? I would be very surprised at that. The Economist is

Unemployment rates and trade deficits

2005-04-18 Thread William Dickens
Hi Cyril, Actually I wrote a review article on this literature over a decade ago. You can find it in my book with Laura Tyson and John Zysman _The Dynamics of Trade and Employment_ Ballinger 1988. I'm sure there are better and more recent reviews, but I haven't kept up with the literature.

Re: Laffer Curve

2005-04-19 Thread William Dickens
I'm just wondering if it is even possible for the supply and demand curves to be shaped shaped in such a way that the Laffer curve does not apply to some market. Since you asked... Take an income tax and the very standard constant elasticity formulations for demand and supply (they are called

Re: Laffer Curve

2005-04-19 Thread William Dickens
Without understanding the parts I snipped I would like to point out that if *my* tax rate was .94, I would need no more incentive to derive 100% of my income from the underground economy. Or is this just one of those counter-intuitive economic conclusions? Throw me a bone here. ;-) Perfectly

Re: Laffer Curve

2005-04-20 Thread William Dickens
Does the following have any bearing on the Laffer Curve discussion? Hammermesh estimated that a 10-percentage point reduction in payroll taxes would lead to a short-term 3 percent increase in employment and a long-term 10 percent increase in employment United States. It sure does. A ten