LABOUR ECONOMICS I

Today Nobel laureate Professor Gary S. Becker of University of Chicago wrote on The Asian Wall Street Journal ("Missing Children", p. 15) about low fertility rates many countries are trying to deal with. He mentioned about Japan, Russia, Korea, etc. as Read More...

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...

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...

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...

Today's Straits Times reported that Australia is experiencing 'mini-baby boom', apparantly caused by the government's procreation benefits ("Aussies urged to 'procreate and cherish'"): Mr Costello urged Australians to have more children in 2004, when Read More...