Comments on: Bryan Caplan’s Unemployment Wager http://www.irisheconomy.ie/index.php/2009/05/30/bryan-caplans-unemployment-wager/ Thu, 17 May 2012 00:14:33 +0000 http://wordpress.org/?v=2.6.3 By: Pat MacAuley http://www.irisheconomy.ie/index.php/2009/05/30/bryan-caplans-unemployment-wager/#comment-8430 Pat MacAuley Tue, 02 Jun 2009 22:14:54 +0000 http://www.irisheconomy.ie/?p=2473#comment-8430 I think Bryan Caplan will collect. However, the US unemployment rate is likely to be higher over the next 10 years than it was over the past 10. Not only is the US labor market more flexible, but the government subsidies for the unemployed are less generous. I think Bryan Caplan will collect.

However, the US unemployment rate is likely to be higher over the next 10 years than it was over the past 10.

Not only is the US labor market more flexible, but the government subsidies for the unemployed are less generous.

]]> By: Liam Delaney http://www.irisheconomy.ie/index.php/2009/05/30/bryan-caplans-unemployment-wager/#comment-8335 Liam Delaney Sun, 31 May 2009 17:12:56 +0000 http://www.irisheconomy.ie/?p=2473#comment-8335 Prisoners, yes but the main categories that cause problems in international comparisons measurement are people with disabilities, carers, early retired and so on. I haven't ran the figures yet but, for example, if you look at Holland as opposed to the US, there is a far higher number of people out of the workforce with disability despite the fact that the Dutch population is a lot healthier than the US population. Even taking all this into account, Caplan believes that the freer labour market in the US will bounce back a lot quicker than Continental European labour markets and have lower rates of unemployment not just higher rates of employment. By extension, Ireland will also bounce back a lot quicker?! Prisoners, yes but the main categories that cause problems in international comparisons measurement are people with disabilities, carers, early retired and so on. I haven’t ran the figures yet but, for example, if you look at Holland as opposed to the US, there is a far higher number of people out of the workforce with disability despite the fact that the Dutch population is a lot healthier than the US population. Even taking all this into account, Caplan believes that the freer labour market in the US will bounce back a lot quicker than Continental European labour markets and have lower rates of unemployment not just higher rates of employment. By extension, Ireland will also bounce back a lot quicker?!

]]> By: Matt http://www.irisheconomy.ie/index.php/2009/05/30/bryan-caplans-unemployment-wager/#comment-8334 Matt Sun, 31 May 2009 17:05:22 +0000 http://www.irisheconomy.ie/?p=2473#comment-8334 Appears to be an emphasis on measurement, particularly on whether prisoners count as unemployed. Who will be crying foul when the time comes to pay up? Appears to be an emphasis on measurement, particularly on whether prisoners count as unemployed. Who will be crying foul when the time comes to pay up?

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