WSJ news today

1. 温相提出,日本的公司应该提高在华员工的工资福利。工资应该由市场决定,而不是政府强行让企业提高工资。温相搞经济看来真的是志大才疏。政府应该作得是如何提供劳动力市场的效率,比如废除户口来提高劳动力的流动,通过法规来保障劳资双方信息对称,保障劳动合同的执行等,而不是去规定公司应该付多少工资。
 
2。Barro批评政府的失业保险政策。让人震惊的是关于这次失业数据和以前经济衰退的对比。这次失业的平均周期要远远高于二战后其他衰退。不管是不是象barro声称的那样,这种差别是由于政府提供过于generous的失业保险造成的,这个差别应该在今后两年是个很火的研究课题。
 

To begin with a historical perspective, in the 1982 recession the peak unemployment rate of 10.8% in November-December 1982 corresponded to a mean duration of unemployment of 17.6 weeks and a share of long-term unemployment (those unemployed more than 26 weeks) of 20.4%. Long-term unemployment peaked later, in July 1983, when the unemployment rate had fallen to 9.4%. At that point, the mean duration of unemployment reached 21.2 weeks and the share of long-term unemployment was 24.5%. These numbers are the highest observed in the post-World War II period until recently. Thus, we can think of previous recessions (including those in 2001, 1990-91 and before 1982) as featuring a mean duration of unemployment of less than 21 weeks and a share of long-term unemployment of less than 25%.

These numbers provide a stark contrast with joblessness today. The peak unemployment rate of 10.1% in October 2009 corresponded to a mean duration of unemployment of 27.2 weeks and a share of long-term unemployment of 36%. The duration of unemployment peaked (thus far) at 35.2 weeks in June 2010, when the share of long-term unemployment in the total reached a remarkable 46.2%. These numbers are way above the ceilings of 21 weeks and 25% share applicable to previous post-World War II recessions. The dramatic expansion of unemployment-insurance eligibility to 99 weeks is almost surely the culprit.

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3 responses to “WSJ news today

  1. could u refer me to the paper u mentioned?

  2. 回一下1. 如果废除户口, 中国的楼市问题就不是问题了。 更重要的是政府不应该把所有的鸡蛋放在北京上海2个篮子里。 东西南北应该发展均衡。 可是既得利益阶级明显知道, 他们的利益会受到侵害, 如果户口, 法制, 法规改变的话。 他们要保护自己的利益,肯定不会允许改变。 三权分立还是有道理的。 健全的法制是根本。

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