Minimum Wages and Employment Outcomes

Last week my Unifor colleague Jordan Brennan and I published a study through the CCPA Ontario office examining the historical empirical evidence regarding the link between changes in minimum wages and employment outcomes.  We find there is no robust evidence in Canadian historical data that increases in real minimum wages cause either lower employment or higher unemployment, even when we focus […]

Read more

Economics 101

On October 21, Chris Ragan wrote a column for the Globe and Mail titled “In defence of Economics 101.”  The link to his column is available here. On October 24, Marc Lavoie, Louis-Philippe Rochon and Mario Seccareccia replied to him.  The link to their response is available here.

Read more

Bank of Canada, Exports, and LMI

Much has been made about Stephen Poloz’s decision to abandon ‘forward guidance’ in Bank of Canada rate setting announcements for the time being. Critics bemoan the loss of direction from the Bank. But Poloz’s comments yesterday were chock full of guidance on how the Bank sees Canada’s economic situation. Having been disappointed by the failure of Canada’s export sector to […]

Read more

The Novel Observations of Jean Tirole?

French economist Jean Tirole has won the 2014 Nobel Prize in Economics for his work on industrial organization and regulation, in particular his insights into oligopolies.  “Who is Jean Tirole?,  many non-economists and some economists are asking today.  The MIT-educated, Toulouse-based professor is a key figure in the New Industrial Organization (IO) movement.  The movement, with its roots in the […]

Read more

Job Numbers Surprise

For the first time in a while, Statistics Canada gives us some good news on the job front. 74,000 net new jobs added in September, certainly nothing to sneeze at. Still, we would need to keep this pace up every month for the next year to close the employment gap left by the last recession. On the graph below, this […]

Read more

Labour market musings

Just a short post ahead of the job numbers that come out from Statistics Canada tomorrow. Five years after the end of the last recession, and Canada’s labour market is still limping along. And it seems to have taken a turn for the worse recently. While the Conservative government crows about one million net new jobs, they conveniently forget to […]

Read more

GETTING YOUR ARTICLES PUBLISHED

A guest blog post from Louis-Philippe Rochon: GETTING YOUR ARTICLES PUBLISHED: JOURNAL EDITORS OFFER SOME ADVICE This short note is aimed at graduate students and faculty members alike who are looking to get their papers published in academic journals, a crucial exercise for the job market, but also in getting tenure and promotion. Our advice is based on our collective experience […]

Read more