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1.) What's the difference between employment rate and empoyment numbers (if there is one)?

2.) For your last graph, is there a way we can look at the numbers but with the retirement programmes excluded? I read that Denmark spends a lot in re-schooling unemployed workers, and I'd be interested to compare that to other countries, as in comparing the "Anglo-Saxon" model vs "Scandinavian" model.

by Nomad on Sat Jul 1st, 2006 at 06:09:31 AM EST
1) The employment rate is the rate of the number of people working (including, in part time jobs) to the total population of the group considered. In this case, for total employment rates, it is as a ratio of workers in the 15-64 population to the total 15-64 population.

Another metric would be to compare the number of full time-equivalent jobs to the total population: i.e. 2 persons in a half-time job would mean only a 50% "full employment" rate. That would have a significant impact for countries that have a lot of part-time jobs.

2/ No, sorry. Not in that Le Monde article anyway.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Jul 1st, 2006 at 07:12:32 AM EST
[ Parent ]
Would be an interesting exercise (again) to see how the posted graph in employment rate would compare to the full-time equivalent amongst European nations.

This may sound doltish. But if in general it is compulsory to have education until 16-18 years old in the listed countries, why include part of the student population in the age range of 15-64? Why not sample more realistically and start at 18? Or should I stop picking at this and accept things because they are just the way they are...?

Even so, Denmark looks impressive this way. Assuming a 50:50 distribution between men and women, up to 80 percent of the men of total population appears employed...

by Nomad on Sat Jul 1st, 2006 at 07:37:52 AM EST
[ Parent ]
Why this obsession with full-time employment? If increased productivity allows us to work 30 hours instead of 40, so much the better!

But the total activity rate in hours per week per person (or per active person) is an interesting statistic to look at.

It's just that, like GDP, this only measures the labour that is exchanged for money (I pay you to scratch my back), as opposed to the labout that is traded (mutual back-scratching) or altruistic work (you scratch my back because you're my friend).

So, hours worked per person per week does not really totally measure activity. It just measures taxable activity [to steal a.swedich.kind.of.death's theme].

Nothing is 'mere'. — Richard P. Feynman

by Migeru (migeru at eurotrib dot com) on Sat Jul 1st, 2006 at 07:44:19 AM EST
[ Parent ]
But others are... The now resigned Minister of Economic Affairs (Brinkhorst) recently called to reinstate the 40 hours work week for as many as possible. I'd like it even better to compare full employment vs employment rate vs labour productivty vs "taxable activity" for different nations. Or would all of that be nonsense?
by Nomad on Sat Jul 1st, 2006 at 07:54:55 AM EST
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I was not accusing you of being obsessd with it, just pointing out our general "cultural" obsession, as with GDP. Might make for a nice second round of Socratic Economics, but first I have to come up with the proper ironic question to ask.

Nothing is 'mere'. — Richard P. Feynman
by Migeru (migeru at eurotrib dot com) on Sat Jul 1st, 2006 at 08:04:17 AM EST
[ Parent ]
Sorry, I phrased myself wrong. It was clear to me you were thinking out loud.

The first round of Socratic Economics (love the title) went widely over my head, but it sure was educative (for me at least). And it also unearthed Chris's post which is a brilliant starting point.

by Nomad on Sat Jul 1st, 2006 at 08:30:36 AM EST
[ Parent ]
Chris' Post? Who's Chris?

I'm still trying to come up with an answer to rdf... He's a heavy hitter...

Nothing is 'mere'. — Richard P. Feynman

by Migeru (migeru at eurotrib dot com) on Sat Jul 1st, 2006 at 08:43:46 AM EST
[ Parent ]
Chris Kulczycki's "Let's Ban the GDP"

He hasn't been posting diaries for a while... Shame...

And unless rdf writes about fake food, I just watch with blinking eyes. Come to think of it, I don't think I even responded in those threads. Rats.

by Nomad on Sat Jul 1st, 2006 at 08:56:19 AM EST
[ Parent ]
Oh, yeah, I thought it was him.

Nothing is 'mere'. — Richard P. Feynman
by Migeru (migeru at eurotrib dot com) on Sat Jul 1st, 2006 at 08:57:32 AM EST
[ Parent ]
for people in full time jobs, including overtime:



In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Jul 1st, 2006 at 08:02:20 AM EST
[ Parent ]
You get the sense that the higher the employment rate, the lower the amount of working hours... Notable exception: Great Britain. Which I don't understand, since I experienced the Brits as very strict on having their lunch breaks and a pub after five. The Earth Sciences department was practically deserted after five.
by Nomad on Sat Jul 1st, 2006 at 08:37:30 AM EST
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You're talking academia...

In the real world, UK business leaders convinced the UK government to obtain an exemption from the 48h/wk limit in the relevant European Union directive.

Nothing is 'mere'. — Richard P. Feynman

by Migeru (migeru at eurotrib dot com) on Sat Jul 1st, 2006 at 08:45:47 AM EST
[ Parent ]
Regulation matters.
by Nomad on Sat Jul 1st, 2006 at 08:58:13 AM EST
[ Parent ]
Even so, Denmark looks impressive this way. Assuming a 50:50 distribution between men and women, up to 80 percent of the men of total population appears employed...

Indeed.  

Experts: what accounts for Denmark's statistics? nb: I understand that employment policies are by no means "one-size-fits-all", but might there be valuable, adaptable lessons to be learned from the Danes?
.

by cigonia on Sat Jul 1st, 2006 at 01:12:45 PM EST
[ Parent ]
I just picked up today's edition of the Dutch NRC Handelsblad - and their monthly magazine is dedicated to the finitiy of the oil/gas reserves. It includes funky graphs and they even attempted to separate the oil and gas distributions and (Russian) pipelines. Of course I've no clue to call foul if they botched it. The tone of the articles is, however, rather different than what I've been hearing the past year.

If you're keen, I could post or send you the graphs and list the experts they interviewed.

by Nomad on Sat Jul 1st, 2006 at 07:42:00 AM EST
[ Parent ]
yes, send over whatever you can. Links if you have, or whatever is available.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sat Jul 1st, 2006 at 08:03:08 AM EST
[ Parent ]
It's all paper, so I'll have to scan it. There's one article accessible on their website with the header: "Shortage of Oil expected before 2010".

Second paragraph:

 Het probleem is niet dat de olievoorraden opraken, maar dat de olie niet snel genoeg gewonnen kan worden. Zolang geen nieuwe grote olievoorraden gevonden worden, zijn alleen Saoedi-Arabië, Koeweit en de Arabische Emiraten in staat de olieproductie op te voeren.

The problem isn't that oil supplies are running out, but it's because oil can not be extracted fast enough. As long as no new large oil fields are found, only Saudi Arabia, Kuwait and the United Arab Emirates are capable to increase oil production.

The rest of this article centers around the book of Matthew Simons, who concluded that the oil fields in Saudi Arabia are in a deplorable condition and will be unable to keep up with increasing demand. (There's a notion I seem to remember you've flagged repeatedly, although you flagged the entire OPEC.)

The notion that more large oil fields will be found and that tarsands could buffer the shortage is debunked at the end of the article.

by Nomad on Sat Jul 1st, 2006 at 08:49:33 AM EST
[ Parent ]

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