What a graphic. What a story.

Presenting a broad set of stylized facts about developing country labor markets, synthesizing the recent literature, and highlighting promising directions for future work, from Emily Breza and Supreet Kaur nber.org/papers/w33908

This is a great and sensible change. Boomer-captured Local Councils have spent the last decade undermining the attempts by 3 successive governments to tackle the housing crisis. No-one else gets to ignore the law and face no consequences!

Interesting paper. If parental human capital raises productivity in the production of children's human capital, you may not get regression to the mean across generations. Societies may develop a "human capital elite" with mobility within but not across class boundaries. 1/?

Data released by Stats New Zealand today shows that the economy grew on a quarterly basis by 0.8% but fell on an annual basis by 1.1%. The economy is about the same size it was in March 2023 tells you that we have had almost zero (0.3%) economic growth over the past 2 years. A 🧵

Pedocon theory remains undefeated.

working on a theory that US intervention in the middle east is correlated to 11 year solar cycle of sunspot activity

The uniting ideology behind MAGA is that they don’t believe in anything. If Obama or Biden was involving the United States in another war in the Middle East you would never hear the end of it from these people.

Florida bans abortion after six weeks. Republican congresswoman Kay Cammack goes to the hospital with an ectopic pregnancy. She has to fight to get the care that she needs to stay alive. As a result, she blames…the left. You can’t make this stuff up.

“No leaks.” The bar couldn’t be lower.

The financial state of the National Land Transport Programme is in complete shambles It will need about $30bn in government subsidy over the next decade to avoid cuts This is magnitudes greater than the level of crisis that ‘justified’ the overhauls of Kainga Ora and Health NZ

Deal with distributional concerns on the welfare side. Rich people also drive more and pay more overall.

Next up we have Tim Hughes from the New Zealand Treasury talking about the fiscal implications of international migration. Amazing new statistics on the size of the NZ diaspora: BY THE AGE OF 30 25-30% OF EACH NZ BIRTH COHORT LIVES OVERSEAS FISCAL POSITION IN RUINS

The best part about buying electronics now is that you have to go and buy a charger and port because none are provided anymore. Gone are the days of providing all the equipment necessary to use the product.

I have never heard a stronger argument for abortion in my life.

People think that the share of immigrants in their country is higher than it actually is. In most countries, the overestimation is more than 10 percentage points.

James Gough advocating for a rates cap because councils can’t keep spending under control while he voted for a stadium which contributed 6 times more to rates increases than cycle ways.

We’re so cooked