As Motu has noted, the gig economy is an emerging part of the labour market with the features of independent contracting. In the gig economy world, there is little to no cost of switching the job to another is involved. Examples of the gig economy activities include: Uber drivers, YouTube bloggers/ social influencers, independent consultants and etc.
So how can we think about the labour market in a world where work switches towards the gig economy?
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Merry Christmas fine people!
So it is Christmas. How about this year I don’t:
Honestly, I used to do the same thing every year.
My way of precommiting to that was to time this post to go up on … Boxing Day! The presents are given, the inappropriate behaviour is done, and now we are ready to go shopping.
But those big sales back when I worked in retail appear to be largely gone. Why?
Read moreLast time I discussed the relationship between the cost of capital and investment.
Given that motivation, the goal of this post is to understand whether investment is responsive to changes in the UCC due to changes in tax settings. This does two things:
Hey TVHE. Back in the day I used to write on this site, but then all the interesting feedback and discussion on this site convinced me to do my PhD – and yesterday I finally got it awarded.
Just wanted to say thanks! If it wasn’t for the active discussion here and the passionate New Zealand economics community I would never have done it.
Read moreIn this post I intend to motivate research that is underway by Lynda Sanderson and myself on the investment behaviour of New Zealand firms. [“Taxation, user cost of capital and investment behaviour of NZ firms” forthcoming]
The goal of our current research is to understand how changes in tax settings in New Zealand have influenced the investment behaviour of firms. Doing this involves thinking about how taxation can influence investment. The key channel it does so is by influencing the price associated with investment – what is called the user cost of capital.
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One of the most fortunate things about being a New Zealander is that we are close to Australia and we have the right to live and work there. This is not just because Australia does many things very well, but simply because Australia is such a wonderful place.
Looking back, I can’t believe I only lived there for twelve months, given how much I enjoyed the experience. One day I shall kick myself, or possibly ask an Australian to do it for me since they will know how to make a good job of that too.
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