Tyler Long-Term Unemployment Bet

Sep 25 2013

Behavioral Economics

The Homage Statism Pays to Liberty

Bryan Caplan

Here's an odd thought for a libertarian: The government very rarely tells me to do anything. Once per year, the IRS orders me to pay federal income taxes. Once per year, the state of Virginia forces me to pay state income taxes and get my car inspected. Once per year, Fairfax County makes me pay prope...

22

Optimal Minimum Wage?

David Henderson

David Lee of Princeton University and Emmanual Saez of University of California, Berkeley have an article in the Journal of Public Economics titled "Optimum Minimum Wage Policy in Competitive Labor Markets." It has two strange results, one that I understand and that depends crucially on a strong assumption that they d...

21

Tyler Long-Term Unemployment Bet

Bryan Caplan

Tyler just bet me at 10:1 that U.S. unemployment will never fall below 5% during the next twenty years. If the rate falls below 5% before September 1, 2033, he immediately owes me $10. Otherwise, I owe him $1 on September 1, 2033.If you think the stakes are absurdly low, they're the highest he'd agree to!

10

Tyler Long-Term Unemployment Bet

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The Homage Statism Pays to Liberty

Optimal Minimum Wage?

Tyler Long-Term Unemployment Bet