Savings rate quartiles by income decile

An interesting chart from the Tax Working Group’s interim report: According to this data, the median savings rate is only positive for households earning more than $81,000 after tax per annum. The lower quartile savings…

The Irony of Post-GFC New Zealand

The irony of post-GFC New Zealand is that a Keynesian fiscal stimulus characterised by enormous levels of deficit spending and infrastructure spending has driven a reduction in unemployment in the context of a low interest…

What can local government really achieve?

What can local government really achieve? Not much, if their collective track record around New Zealand is anything to go by. Local body elections are an interesting political exercise. Voter turnout is quite low, and…

A Median Voter Refresher

The median is the middle value, the 50th percentile of a distribution. The median voter model is the idea that people will elect governments whose policies reflect those approved by the median voter. This is why…

New apartments on Gilmer Terrace?

A 24 hour a day concierge service, and a doorman who knows everyone’s name. Former Museum Art Hotel owner Chris Parkin is planning to transform a high-rise office building in Wellington into a “sophisticated” apartment block. Source: http://www.stuff.co.nz/business/83685851/former-hotel-owner-turning-office-block-into-new-york-style-apartments There is a dearth…