Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.


Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.


Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.


May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

Click on the image to get a bigger version.


Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.


RSS Feed

Worthwhile Canadian Initiative

"Who would have thought an economics blog could be this exciting?”


December 5, 2018, 8:45 am, 1926675

It's easy to teach students the arithmetic showing that actual saving must equal actual investment (S=I). But many students (quite rightly) want more than the arithmetic. Because S=I is not intuitive, and good students want to understand the intuition. I think that most profs will try to explain the intuition ...


November 20, 2018, 9:53 pm, 1922941

[I'm not fully happy with this post. I think it does an OK job of explaining SRAS shocks that the central bank accommodates. But it doesn't say what happens when the central bank does not accommodate SRAS shocks. And I would like to integrate George Selgin's ...


November 20, 2018, 7:33 am, 1922581

The Canadian Institute for Health Information (CIHI) has released its 22nd annual edition of  National Health Expenditure Trends covering the period 1975 to 2018 and the basic highlights are as follows:

Total health expenditure is expected to reach $253.5 billion or $6,839 per Canadian in 2018. In 2018, total health expenditure ...


November 5, 2018, 9:33 am, 1916190

A recent issue of The Economist highlighted the stellar economic performance of Australia – or as it was termed, “The Wonder Down Under” – arguing its economy is most arguably the most successful in the rich world.  Australia has apparently not seen a recession for 27 years, seen its ...


November 5, 2018, 7:32 am, 1916154

Suppose you need a bicycle to get to work. Suppose bicycles are a common property resource, because bike locks don't work. Every night the workers deposit their bicycles in the bike bank, and in the morning it's first come first served. And suppose that sometimes there aren't enough bicycles to ...


November 3, 2018, 9:33 pm, 1915850

The Bank of Canada has released an archive of the staff projections prepared for the Governing Council for the quarterly Monetary Policy Reports. There's a five year lag, so the most recent set of projections are the ones prepared in 2013Q4. While these projections don't answer ...


November 2, 2018, 5:32 pm, 1915622

In their 2018 Budget, the Liberal government committed to increased full-time employment of women as part of its gender equality agenda. Is that goal attainable?


November 1, 2018, 8:13 am, 1914619

An earlier post noted that the real earnings gains over the past 20 years were as clean an example of a composition effect as you're likely to see. Earnings among full-time workers with a given level of education have shown some modest growth over time, but ...


October 24, 2018, 2:45 pm, 1911186

Here are the results of my Twitter poll:

This post is my interpretation of those results.

I recognise all the usual caveats. I am more concerned about bias in the sampling method than in the small size ...


October 15, 2018, 9:52 pm, 1907888

I've just updated Project Link, my attempt to piece together the bits and pieces of published Statistics Canada data into a coherent history of the post-war Canadian economy. (The introductory post is here, and a post on the first update is