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August 2006 - Posts

Sad News: Passing of Jacob Mincer (Email from Society of Labor Economists)

Dear Colleagues It is with great sadness that I report that Jacob Mincer died on Sunday August 20. With the passing of Jacob Mincer, labor economics has lost a giant of the field who made fundamental contributions to the development of our analyses of Read More...
Posted Thursday, August 24, 2006 8:36 AM by PARK CHEOLSUNG | 0 Comments

Immigration issue in Singapore

Singaporeans' reactions to the Prime Minister's call at the National Day Rally to open Singapore wider to foreign workers are well summed up by The Straits Times : Foreigners welcome 'but take only those who can help S'pore' (22 August 2006). The newspaper Read More...
Posted Wednesday, August 23, 2006 4:27 PM by PARK CHEOLSUNG | 2 Comments
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Is the threat of 'outsourcing' overrated?

A recent article in the New York Times , "Why ‘Outsourcing’ May Lose Its Power as a Scare Word" (August 13, 2006), reports some studies done on the effects of outsourcing on the US labor market. Many studies found that only a handful percentage of jobs Read More...
Posted Monday, August 14, 2006 11:34 AM by PARK CHEOLSUNG | 0 Comments
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What is economics? ... Answered by one of our own graduates

Economics is not exclusively about money. Economics is a kind of paradigm - a type of looking-glass which allows us to gain a certain unique understanding of the world around us. Economics is about how agents (usually humans) react to incentives and how Read More...
Posted Tuesday, August 08, 2006 3:48 PM by PARK CHEOLSUNG | 2 Comments
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Men's falling labor force participation rate - revisited

Last month I wrote about men's (maybe) falling labor force participation rate in Singapore. In the post I wrote that this phenomena has be spotted in other industrialized countries years ago and there is already a fair amount of research on this issue. Read More...
Posted Friday, August 04, 2006 2:43 PM by PARK CHEOLSUNG | 0 Comments
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Where can I find the news articles you cite?

I do not copy and paste news articles in toto to my blog because of copyright issues. If you want to read the complete news articles, the best (and the cheapest) way is to use NUS Library E-Resources. Go to NUS Library Homepage and click E-Newspaper. Read More...
Posted Wednesday, August 02, 2006 4:52 PM by PARK CHEOLSUNG | 0 Comments
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Why are there still vacancies even when we have more than enough job seekers?

According to the most recent statistics, in March this year, the ratio of the estimated number of job vacancies to the total number of unemployed persons in Singapore was 0.6 ( statistics link ). This means that there were--and most likely still are--more Read More...
Posted Tuesday, August 01, 2006 10:11 AM by PARK CHEOLSUNG | 1 Comments
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