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This year’s Alternative Federal Budget (AFB) was released on March 9. I was proud to be the primary author of its housing chapter (that chapter is available in English here and in French here). The first AFB exercise began in 1994, with the first AFB being published in 1995. That involved a joint effort between […]
Posted by Nick Falvo under aboriginal peoples, Alberta, Austerity, Bank of Canada, banks, BC, budgets, debt, deficits, democracy, economic crisis, economic growth, economic history, economic literacy, economic models, economic thought, employment, federal budget, feminist economics, fiscal policy, gender critique, housing, income distribution, income tax, Indigenous people, inequality, inflation, interest rates, labour market, macroeconomics, Manitoba, monetary policy, NDP, NEO-LIBERAL POLICIES, Nova Scotia, Ontario, party politics, poverty, progressive economic strategies, public infrastructure, public services, Quebec, Role of government, Saskatchewan, social policy, stimulus, taxation, unemployment, women.
March 20th, 2017
Media Release Foundations for an Alberta Alternative Budget released today (March 14, 2017-Edmonton) Today, a coalition of researchers, economists, and members of civil society released a plan to boost Alberta’s economic growth while reducing income inequality. “For too long Alberta’s public services have been strained from decades of underfunding and reliance on volatile energy markets,” […]
Posted by Angella MacEwen under Alberta, budgets, child benefits, Child Care, climate change, fiscal policy, heterodox economics, inequality, progressive economic strategies, social democracy, taxation.
March 14th, 2017
Over at the web site of the Calgary Homeless Foundation, I’ve written a blog post titled “Public Policy and Homelessness: The Case of Calgary.” Points raised in the blog post include the following: -Calgary experienced explosive growth in the size of its homeless population from the mid-1990s until 2008. -Though causation is hard to establish, […]
Posted by Nick Falvo under Alberta, cities, economic history, fiscal federalism, fiscal policy, homeless, housing, income, income support, inequality, municipalities, NEO-LIBERAL POLICIES, poverty, public infrastructure, Role of government, social policy, taxation.
February 22nd, 2017
Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “Poverty Reduction in Alberta.” Points raised in the blog post include the following: -The NDP government of Premier Rachel Notley has undertaken important poverty-reduction initiatives since forming a government in 2015. -Alberta (relative to other provinces) has a […]
Posted by Nick Falvo under aboriginal peoples, Alberta, child benefits, Child Care, corporate income tax, debt, early learning, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, minimum wage, NDP, poverty, social policy, taxation, women, working time.
February 17th, 2017
Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “The Federal Role in Poverty Reduction.” Points raised in the blog post include the following: -Canada’s Minister of Families, Children and Social Development has been tasked to lead the development of a Canada Poverty Reduction Strategy. -Total public […]
Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.
February 8th, 2017
We’re pleased to present this very topical post by Edgardo Sepulveda examining what has caused Ontario’s rising high electricity prices. This is Edgardo’s second guest post as a PEF member, following his, first, which was an analysis of the impact of fiscal policy changes on post-tax income distribution. Edgardo has been an international consulting economist and […]
This fall, Canada’s Parliament will debate a proposal to expand the Canada Pension Plan (CPP). And over at the Behind the Numbers web site, I’m co-author of a blog post titled “Ten things to know about the CPP debate.” The blog post’s other co-authors are Allan Moscovitch and Richard Lochead. Points raised in the blog […]
Posted by Nick Falvo under Austerity, CPP, demographics, employment, income, income support, inequality, labour market, media, OECD, Old Age Security, older workers, part time work, pensions, population aging, poverty, privatization, progressive economic strategies, retirement, Role of government, self-employed, seniors, small business, social policy, taxation, unions.
October 29th, 2016
Over at the web site of the Calgary Homeless Foundation, I’ve written a blog post titled “Ten things to know about Canada’s guaranteed annual income debate.” Points raised in the blog post include the following: -There are people and groups on both the left and right of the political spectrum who favour a Guaranteed Annual […]
Posted by Nick Falvo under aboriginal peoples, Alberta, Employment Insurance, fiscal federalism, gender critique, guaranteed annual income, income, income support, Indigenous people, inequality, labour market, Old Age Security, Ontario, poverty, progressive economic strategies, Role of government, social policy, unemployment.
September 30th, 2016
Over at the Behind the Numbers web site, Allan Moscovitch, David Macdonald and I have a blog post titled “Ten Things to Know About Federal Income Support for Low-Income Seniors in Canada.” The blog post argues—among other things—that if the age of eligibility for Old Age Security were to move from 65 to 67, the […]
Posted by Nick Falvo under aboriginal peoples, budgets, Canada, Conservative government, CPP, demographics, economic history, election 2015, federal budget, Federal elections 2015, fiscal federalism, Harper economics, income distribution, income support, Indigenous people, inequality, labour market, Old Age Security, older workers, pensions, population aging, poverty, retirement, Role of government, seniors, social policy.
August 29th, 2016
Update: The Alberta government has announced their timeline for getting to $15 / hour, which includes eliminating the lower minimum wage for liquor servers. The Alberta Federation of Labour has an excellent minimum wage campaign, called “15 is fair”. I provided some research support for a paper they produced on the positive economic impact of increasing […]
We are pleased to present this rich guest post by a new PEF member, Edgardo Sepulveda. Edgardo has been a consulting economist for more than two decades advising Governments and operators in more than 40 countries on telecommunications policy and regulation matters (www.esepulveda.com). Redistribution, Inequality and the new Federal Tax & Transfer initiatives I want […]
Many Canadians know that the federal government is responsible for funding social services, health care, education and income supports on First Nations reserves. Few people realize that the escalator for these transfer payments has been frozen atÂ 2% per year since 1996, without considerationÂ for population growth or need. According to the Assembly of First Nations, by […]
What follow is a guest blog post from Glenn Burley: – If Science, Technology, Engineering and Mathematics (STEM) and professional fields like medicine, law, and dentistry are the so-called golden ticket to a good job in todayâ€™s labour market, what does that say about the current and future health of our economy? The myth of […]
Posted by Nick Falvo under education, employment, inequality, Job vacanices, labour market, post-secondary education, skill shortages, student debt, unemployment, user fees, wages, young workers.
July 3rd, 2015
We’re coming up to a Federal Election, and one where “The Economy” will likely be a central battlefield. As such, we’re going to hear many claims and counter-claims that support the view that Stephen Harper is either the Greatest or Worst Prime Minister ever. One point of contention is wages. Part of the problem areÂ the […]
Inequality, the Financial Crisis and Stagnation: Competing Stories and Why They Matter Thomas Palley There exists several mainstream explanations of the financial crisis and stagnation, each explaianing the role they respectively attribute to income inequality. Those explanations contrast deeply with a structural Keynesian explanation of the crisis. The role of income inequality also differs substantially, […]
Louis-Philippe Rochon Associate Professor, Laurentian Economics Founding Co-Editor, Review of Keynesian Economics Follow him on Twitter @Lprochon Originally published by CBC. Find commentary here. The federal Liberal Party’s recent election promise to create a new tax bracket for rich Canadians has been quickly decried by – well, rich Canadians. But is it an […]
On April 8, I had the honour of delivering the Harry Kitchen Lecture in Public Policy at the invitation of the Department of Economics at Trent University. I took the opportunity to offer a broad reflection on economic inequality, arguing that while inequality is inherent in capitalism, too much inequality undermines economic as well as […]
The Harper government gives five reasons why Canadians ought to be happy with its proposal to double the maximum contribution to the Tax-Free Savings Account. Examine each of its points more closely, however, and itâ€™s clear that the TFSA carries far higher risks than rewards â€” for individual Canadians Â as well as for the economy […]
Labour market data in Canada is easily available by sex, age, and region. We spend a great deal of time talking about these factors. More recently Statistics Canada made labour market data available on CANSIM by landed immigrant status, going back to 2006. This factor is less often included in most labour market analysis, and […]
Here is a little bit of rainy day economic doodling that may be of interest. Piketty famously argues that there is a tendency for r – the rate of return on capital- to exceed g- the rate of growth of income. If r>g, wealth and income inequality will grow inexorably since ownership of capital and […]
Earlier today, over at the Academic Matters web site, I addressed the issue of whether Canada’s current system of high tuition fees and means-tested student aid is in fact “progressive.”Â My post was a response to a Alex Usher‘s May 9 blog post.Â My blog post can be found here.
Posted by Nick Falvo under economic literacy, education, financial literacy, fiscal federalism, health care, income support, inequality, Ontario, post-secondary education, progressive economic strategies, social policy, user fees.
May 12th, 2014
Capital in the Twenty-First Century by Thomas Piketty (Belknap Press, 2014) is the economics publishing sensation of our times, especially in the United States. Currently the number one seller on the US Amazon web site and widely debated in the â€œblogosphereâ€, this long book is being favourably compared to the seminal works of Adam Smith, […]
I have just finished Piketty’s magnum opus which is clearly one of the most important economic books of our time. I am still trying to digest the theoretical argument. Below I provide a link and intro to an important commentary by Tom Palley who argues that Pikkety is too close to the neo classical paradigm […]
This piece was originally published at the Globe and Mail’s online Report on Business feature, EconomyLab. Â There are two reasons why it is difficult to comment on the legacy of a finance minister. 1) It is a tremendously challenging job, anywhere, any time. Stewarding one of the largest economies in the world through a […]
Posted by Armine Yalnizyan under budgets, Conservative government, deficits, federalism, fiscal federalism, global crisis, housing, IMF, income distribution, income tax, inequality, macroeconomics, OECD, public infrastructure, Role of government, StatCan, stimulus, taxation, TFSA, World Bank.
March 20th, 2014
Every year when International Womenâ€™s Day rolls by, I canâ€™t help but reflect on power, how itâ€™s shared, and how women use the power they have. This year, I am struck by womenâ€™s power to reduce inequality, and not just to help ourselves. Women are key to reducing income inequality. Itâ€™s been dubbed theÂ girl effect, […]
All the recent talk about the Canadaâ€™s shrinking middle class and rising income inequality got me thinking that it might be a good time to take a fresh look at a somewhat neglected economic concept: the labour share of income. The labour share of income hopes to measure the portion of the economic pie going […]
Yesterday I tweeted this: <blink> Gap will raise minimum hourly pay Walmart “looking” at support of min wage raise In honour of the momentum, I am posting the piece I wrote for Economy Lab a while back, and including the numbers that drive the chart that attracted quite a lot of attention. There is a […]
This blogâ€™s unofficial slogan has been â€œTomorrowâ€™s conventional wisdom, today.â€ After this weekâ€™s Conservative backpedalingÂ on income splitting, we may need to change it to â€œTodayâ€™s conventional wisdom, seven years ago.â€ Or we could just stick with â€œYou read it here first.â€ My first-ever blog post, Income Splitting Redux, argued that this tax policy â€œwould benefit […]
My union Unifor is currently undertaking an important “Rights at Work” campaign, which involves a national tour of meetings with our officers and local leaders and stewards, followed by a membership canvass and community outreach effort, all aimed at beating back the current attack on fundamental labour rights coming from conservatives at all levels in […]
This afternoon I gave a presentation to Professor Ted Jackson’s graduate seminar course on higher education, taught in Carleton University’s School of Public Policy and Administration. Â The link to my slide deck, titled “The Political Economy of Post-Secondary Education in Canada,” can be found here. Points I raised in the presentation include the following: -Tuition […]
Posted by Nick Falvo under debt, demographics, economic risk, education, employment, household debt, Indigenous people, inequality, post-secondary education, social policy, student debt, student movement, taxation, unemployment, user fees, young workers.
February 6th, 2014