Markets and the Gender Wage Gap | The Freeman | Ideas On Liberty

Markets and the Gender Wage Gap | The Freeman | Ideas On Liberty: "When economists hold all these factors constant, they find that the gender wage gap largely disappears. Imagine two employees who are equal regarding human capital and preferences and who differ only by gender – what, if any, pay gap is present? In a study of people 27 to 33 who had never been married and who had no kids, the gap was only 2 cents. The strong implication is that if women want to earn as much as men, they need to adjust their human capital and preferences accordingly."

Ryan Budget: A Huge Opportunity to Improve Health Care | Michael F. Cannon | Cato Institute: Commentary

Ryan Budget: A Huge Opportunity to Improve Health Care | Michael F. Cannon | Cato Institute: Commentary: "Because vouchers enable seniors to keep the savings, they will do what ObamaCare won't: reduce the wasteful spending that permeates Medicare. Seniors will choose more economical health plans and put downward pressure on prices across the board. Indeed, vouchers are the only way to contain Medicare spending while protecting seniors from government rationing.

Skeptics worry that seniors will make bad decisions with their vouchers. They should keep in mind that, according to Obama's Council of Economic Advisers, 'nearly 30 percent of Medicare's costs could be saved without adverse health consequences.' In other words, vouchers come with a huge built-in margin of safety: seniors could consume one-third less care without harming their health."