PEF home page and weblog

There is an interesting new piece on incomes of future retirees, “The Canadian National Retirement Index”, by MacDonald, Moore, Chen and Brown in Canadian Public Policy. It uses the Statistics Canada Life Paths Model to forecast the incomes of future retirees. This greatly amplifies, to my mind, the case for expansion of the Canada Pension [...]
Posted by Andrew Jackson under pensions.
March 31st, 2011
Comments: none
I have just finished reading a 2009 book entitled Academic Transformation: The Forces Reshaping Higher Education in Ontario. The book, written by Ian Clark, Greg Moran, Michael Skolnik and David Trick, has received a fair bit of attention among post-secondary (PSE) wonks. While I find it informative, I am uncomfortable with the book’s central feature: a proposal to [...]
Posted by Nick Falvo under education, Ontario, post-secondary education, social policy, student debt, student movement, temporary workers, unions, wages.
March 31st, 2011
Comments: 3
Here is the CLC brief to the Industry Committee hearings which we did not get to present due to the election. Hopefully the issue will still get a good hearing over the next few weeks, especially since the NDP have staked out some good ground on the issue. I note there have been 48 posts [...]
Posted by Andrew Jackson under foreign investment/ownership.
March 31st, 2011
Comments: none
The media coverage of Layton’s announcement yesterday was disappointingly thin, and the details (including on the NDP web site) are pretty hard to find. The NDP would go one better than the Liberals in raising the Corporate Income Tax rate from 16.5% today (and 15% next year) to the 2008 rate of 19.5%. The Liberals [...]
Posted by Andrew Jackson under election 2011, labour market.
March 31st, 2011
Comments: 2
I was one of the three judges for the inaugural Canadian incarnation of the Hillman Prize for Investigative Journalism. Sidney Hillman was a founding organizer of the garment union in the U.S., and left a legacy that has been used to fund an annual U.S. award for reporters who take the time & risk to [...]
Posted by Jim Stanford under health care, media, social indicators.
March 30th, 2011
Comments: 3
The Conservatives are stressing their supposed credentials as “economic managers” in their strategy to win a majority — combined with fear-mongering about a future coalition (although that latter part of the strategy may be backfiring on them). I’ve argued before that claims about Canada’s superior performance are not factually correct, especially when we correct for [...]
Posted by Jim Stanford under election 2011, recession.
March 30th, 2011
Comments: 2
Prime Minister Harper today re-announced the 2011 Budget proposal to introduce a one year program to reduce EI employer premiums by up to $1,000 for small businesses which expand employment in 2011 compared to 2010. I would characterise this as more of a token gift to the Canadian Federation of Independent Business than a serious [...]
Posted by Andrew Jackson under election 2011, Employment Insurance.
March 29th, 2011
Comments: 4
Since the Conservatives are promising income splitting, it may be worth revisiting some classic Relentlessly Progressive Economics posts on the subject. Some of the links we posted four years ago no longer work, so my Ottawa Citizen op-ed is reproduced below. While the population totals and tax thresholds have changed slightly, the analysis stands. The [...]
Posted by Erin Weir under election 2011, income tax, inequality, media.
March 28th, 2011
Comments: 17
(I have also posted this to the new CCPA election blog which plans to run fairly short non technical pieces over the next month.) Harper’s key framing argument is that a stable majority is needed to maintain an economic recovery which would be derailed by a coalition. I find this more than a little [...]
Posted by Andrew Jackson under budgets, party politics.
March 28th, 2011
Comments: none
I missed last week’s federal budget, but was pleased to see the quantity and quality of same-day analysis posted on this blog. Jim wrote an excellent piece, “Corporate Taxation and Investment in the 2011 Federal Budget,” about the corporate tax debate in post-budget media panels. But what struck me was David’s point about how the [...]
Posted by Erin Weir under Conservative government, corporate income tax, election 2011, federal budget.
March 27th, 2011
Comments: 2
I just want to draw attention to the rules and April 30th deadline for this year’s PEF Student Essay Contest. Please put up this poster at your local university campus.
Posted by Erin Weir under PEF, post-secondary education.
March 26th, 2011
Comments: none
Jeremy Leonard, research director of IRPP, suggests in today’s Globe that CPP retirement benefits be cut to balance the federal books, or at least he is cited to that effect by Barrie McKenna. “That doesn’t mean there aren’t major savings to be wrung out of spending. Mr. Leonard, for example, suggested that reforms to the [...]
Posted by Andrew Jackson under deficits, pensions.
March 26th, 2011
Comments: 1
Amidst all the frenetic disarray of budget day, I had an interesting and informative exchange on CBC’s Power & Politics with John Manley, former Liberal Finance and Industry Minister, and now chief lobbyist for Canada’s corporate elite (as President and Chief Executive of the Canadian Council of Chief Executives).
Posted by Jim Stanford under budgets, corporate income tax, corporate profits, investment.
March 23rd, 2011
Comments: 13
Here is the CLC Budget Analysis At this point the economics of the budget are so overwhelmed by the uncertain political calculations that one hesitates to add to the discussion. There are a few modest half good things here in response to demands from labour and the left. $300 Million earmarked for the poorest of [...]
Posted by Andrew Jackson under budgets.
March 22nd, 2011
Comments: 4
The 2011 federal budget was clearly designed to fail and provoke an election. It only went part way to meet some of the opposition parties’ priorities while also showering the country with dozens of different politically opportunistic relatively minor spending measures, extensions of expiring programs and boutique tax cuts. Quite appropriately, it became D.O.A.–and now we’ll soon [...]
Posted by Toby Sanger under budgets, federal budget, taxation.
March 22nd, 2011
Comments: none
Back in 1995 Finance Minister Paul Martin introduced a budget that reshaped fiscal federalism and retrenched the scope of the welfare state in Canada. It envisioned a dramatically smaller role for the federal government, a role that was permanently in question through the process of ongoing program review. It was Paul Martin’s permanent revolution, for [...]
Posted by Armine Yalnizyan under budgets, public services.
March 22nd, 2011
Comments: 3
If you take a look at this year’s budget and you have an issue that you’re interested in, chances are you’ll find it on the list. There are in fact almost twice as many items on this year’s budget list as the large 2009 stimulus budget. There are some items on seniors, some items on [...]
Posted by David Macdonald under federal budget.
March 22nd, 2011
Comments: 3
All eyes may be on Ottawa when the federal budget is released this afternoon, but it isn’t the only government tabling its budget today. New Brunswick’s new Conservative government will also be tabling its first budget today–and it’s expected to include austerity spending cuts at the same time that they proceed with further corporate tax [...]
Posted by Toby Sanger under Don Drummond, fiscal policy, New Brunswick.
March 22nd, 2011
Comments: 1
With the Alternative Federal Budget (AFB) officially released, you’d think the budget gnomes at the CCPA would have some much deserved time off. Unfortunately with the snow still falling in Ottawa, we figured we’d put them back to work. Every year, the AFB puts together ideas from all of the partners involved. Once everything is [...]
Posted by David Macdonald under budgets, federal budget, financial literacy, macroeconomics.
March 21st, 2011
Comments: 8
My recent post on public sector pay elicited a lot of comments, including a fair few based on the right-wing premise that the public sector is an unproductive burden on the private sector. I have always found this ascription of productivity to the public and private sectors to be deeply misleading in that it conceals [...]
Posted by Andrew Jackson under public infrastructure, public services.
March 21st, 2011
Comments: 2
Advocates of low potash royalties have floated some pretty bizarre arguments. Last week, the Saskatchewan Party put out a news release emphasizing that local farmers use some 0.6% of provincial potash output, as though this tiny sliver of domestic consumption somehow complicates the province’s interest in maximizing revenue as a potash producer. Equally strange are [...]
Posted by Erin Weir under corporate income tax, investment, media, potash, Saskatchewan.
March 21st, 2011
Comments: 2
Keith Dunne and I have an opinion piece out on what we consider to be one of the best-kept secrets in Canadian social policy: Danny Williams’ post-secondary education (PSE) legacy. Among other things, the piece points out that: -Since 2003, the Newfoundland and Labrador government has increased funding for PSE by 82 percent. -Average tuition [...]
Posted by Nick Falvo under Newfoundland and Labrador, post-secondary education, student debt, student movement, user fees.
March 18th, 2011
Comments: 1
I recently debated Ottawa Citizen columnist and MacDonald-Laurier Institute honcho John Robson on BNN regarding the role of unions in society. It was a rather nasty exchange, as these things go: he’s a smart, aggressive, neo-con who was on the offensive from the opening introductions: A few days later, he lampooned me in [...]
Posted by Jim Stanford under unions.
March 17th, 2011
Comments: 7
Iglika reported to me that Kevin Milligan made the argument in favour of the HST that its presence was economically beneficial because it induces additional investment on the margin, as projects that previously did not meet a certain profit threshold would become real investments. This is a net gain (forget about who benefits from those [...]
Posted by Marc Lee under economic growth, economic thought, investment.
March 15th, 2011
Comments: 3
This piece was initially posted on the Globe and Mail’s online business feature, Economy Lab. Join the comments section! For 18 years I’ve been part of a national project in participatory budgeting called the Alternative Federal Budget. Each year dozens of national and community organizations representing millions of Canadians convene over a six month period, [...]
Posted by Armine Yalnizyan under budgets, corporate income tax, federal budget, income tax, inequality, super-rich.
March 15th, 2011
Comments: 10
(Here’s a piece that will be in the next quarterly Economic Climate for Bargaining publication I produce, also posted on the CUPE website in pdf format.) There’s a widely held myth now accepted by many people—that public spending in Canada has increased steeply and is growing at unaffordable and unsustainable rates. In fact, the opposite [...]
Posted by Toby Sanger under fiscal policy, public services, taxation.
March 15th, 2011
Comments: 3
Another reason for that intolerably high public sector compensation premium – Further to my earlier post showing that the public/private sector pay gap is mainly due to more equal pay for women in service jobs, a recent piece from Canadian Public Policy by Hou and Coulombe shows that the pay gap between Canadian born racialized [...]
Posted by Andrew Jackson under public services, race, unions.
March 12th, 2011
Comments: 3
Today’s Globe has a long article by Konrad Yakabuski on the potential for a Wisconsin style attack on Canadian public sector workers. It’s hard to challenge his argument that this is very much in prospect, and indeed we seem set for a debate – or a series of national, provincial and municipal debates – on the allegedly [...]
Posted by Andrew Jackson under public services, unions.
March 12th, 2011
Comments: 35
More from Sylvain: The part-time rate in February 2011 - 19.7% of the workforce working part-time – fell just short of the highest levels ever recorded in July and August 2010. Not only has part-time work risen in the recession and recovery, it has been clearly driven by the lack of full-time jobs. 265,900 non-seasonally [...]
Posted by Andrew Jackson under labour market, part time work.
March 11th, 2011
Comments: 3
Analysis from my colleague Sylvan Schetagne .. The Canadian economy in February 2011 had fewer full-time jobs, but more part-time, self employment and temporary work. These are not signs of a strong job recovery. The unemployment rate remained stable at 7.8%, but job quality decreased significantly last month. The number of full-time jobs was down [...]
Posted by Andrew Jackson under labour market.
March 11th, 2011
Comments: none