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economy lab

LEON NEAL

A roundup of the best economic posts on the Web

Britain and austerity

The New York Times' Paul Krugman takes pity on "the people of Britain, who have the misfortune to be ruled by a government that took office at the height of the austerity fad and won't admit that it was wrong."

The Guardian, meanwhile, has offered readers an interactive that allows them to take their own axe to the British budget. And, if you missed it yesterday, Economy Lab regular Carl Mortished says the biggest losers in the budget cut with be young, educated professionals - who will simply pack up and leave and drain the country of its best and brightest.

The economics of health care: lessons from the animal hospital



On Worthwhile Canadian Initiative, Carleton University's Frances Woolley receives an early morning call from the veterinarian and discovers a major barrier to controlling health care costs.



Currencies and trade



Project Syndicate has posted nine articles under a "Currency puzzle" banner, including Barry Eichengreen on the chances of the world adopting multiple reserve currencies and Christine Lagarde on the euro.



Competition and the gender gap



A study on VoxEU says differences in attitude towards competition could explain the pay and achievement gap between men and women.



In America: The young, the old, the unemployed

New Deal 2.0 strikes another blow against the structural unemployment enthusiasts in the United States. A fresh look at job numbers shows that "college educated 20-24 year olds have the highest percentage increase in unemployment. This should go against a structural unemployment story, as college educated people have the 'freshest' skills and incredibly high mobility."

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