Kevin Milligan
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kevinmilligan.bsky.social
Kevin Milligan
@kevinmilligan.bsky.social

Professor of Economics, Vancouver School of Economics

Economics 25%
Business 19%
“If you remember when the ATM was first invented… you would think we fire a lot of bank tellers… But… the number of bank tellers didn't fall. That's because people in those jobs adapted.” And perhaps there's a lesson in this story for how we adapt to AI.

Sun out today. Good day for doggo walk up the hill.

SFU on a nice sunny day.

The trophy is in the Iona Building lobby this week, along with a picture of the team and coach with Governor Macklem.

This is pretty great. Thanks to VSE team members for bringing home the trophy:

Irene Berezin
Goli Eshtiaghi
Katherine Karapetrovic
Sahaj Khanna
Sean Li
Krishna Paudel
Luigi Vicencio

The team was coached by VSE faculty Emrul Hasan and Amartya Lahiri.

Congratulations!
Congratulations to our team of students students for winning the 2026 Governor's Challenge, a national competition hosted by the Bank of Canada. Read more: economics.ubc.ca/news/vse-stu...

Reposted by Kevin Milligan

Congratulations to our team of students students for winning the 2026 Governor's Challenge, a national competition hosted by the Bank of Canada. Read more: economics.ubc.ca/news/vse-stu...

2nd Edition now out!

Milligan Oreopoulos Stevenson Wolfers

Principles of Economics, 2nd Canadian Edition

store.macmillanlearning.com/ca/product/P...
The authors "estimate that by 2025, the Brexit process had reduced UK GDP per capita by 6 to 8 percent, investment by 12 to 18 percent, employment by 3 to 4 percent, and productivity by 3 to 4 percent. These effects grew gradually over time." www.nber.org/202602/diges...

What a total disaster... 🇪🇺🇬🇧

"Handsome Kevin" has a nice sound to it, I think......

Reposted by Kevin Milligan

A condo complex in Coquitlam is the site of a wild strata civil war

Super fascinating reporting by @portmoodypigeon.bsky.social, with more to come
'State of chaos': Coquitlam's Grand Central engulfed in a war between two opposing strata councils – Tri-Cities Dispatch
Inside the fight for control of one of Coquitlam's largest strata corporations Control of one of Coquitlam’s largest strata corporations is now the subject of an ongoing legal battle, with allegations...
tricitiesdispatch.com
As promised -- something quick on the GST Credit revamp and today's announcement on food affordability.
open.substack.com/pub/robsonj/...
Something quick on the GST/HST Credit enhancements and today's federal announcement on food affordability
About a year ago (almost exactly to the day), I posted a long and data heavy blog about the various ways that the Trump administration and changes in Canada-U.S.
open.substack.com

Reposted by Kevin Milligan

Since 1947, the Canadian Rangers have provided a military presence in the Canadian North.
Experts in wilderness survival, they cover areas of Canada that are not practical for conventional Army units.
Considered to be "always on duty", this is their legendary story.

🧵1/10

Looking North from the 6th floor of the tower at Iona @ubcvse.bsky.social. Fog!

🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱🇬🇱

Speech looks great. Growing a bit impatient for actions that back up such words.

Had my fill of "peace board" joining, oval office gaffawing, and in-or-out un-named sources Greenland defending.
In a speech to the World Economic Forum, Mark Carney says middle powers such as Canada must accept that the rules-based international order is effectively dead, and great power rivalry with is here to stay. Key excerpt:
"If great powers abandon even the pretense of rules & values for the unhindered pursuit of their power & interest, the gains from transactionalism will become harder to replicate" -- Carney's speech at Davos is an extended criticism of the damage Trump is doing (though he's not mentioning his name)
In a speech to the World Economic Forum, Mark Carney says middle powers such as Canada must accept that the rules-based international order is effectively dead, and great power rivalry with is here to stay. Key excerpt:

I did four wisdom teeth in one day once too. For good measure, dentist took out another four teeth the same day. So, consider yourself fortunate :) Could be a bit of a rough couple of days, but you'll get through it. Good luck!
🚨 Submissions for the 2026 CEA Conference are open!🚨

We are currently accepting papers for the upcoming conference in May! See our submission page for more details.

🔗 www.economics.ca/submissions

Don't forget to check our current events page:

🔗 www.economics.ca/competitions...
www.economics.ca

I'm glad the Jays passed for that price. Time to go for the backup plan: Lars Nootbaar!
Another way to frame the Kyle Tucker deal (as reported by Jeff Passan & Robert Murray):

•two years, $120 million
•$60 million player option for 2028
•$60 million player option for 2029

Reposted by Kevin Milligan

Another way to frame the Kyle Tucker deal (as reported by Jeff Passan & Robert Murray):

•two years, $120 million
•$60 million player option for 2028
•$60 million player option for 2029

The CPP is government at its best--collectively acting through government to make good on a long-term commitment to provide benefits at the moment in life when you need it most.

If I were a sweaty-palmed libertarian fanboi I can imagine a lot better targets for an anti-government rant than the CPP.

The CPP is one of the, if not *the* most popular government programs. (Ask a pollster. It is true!)

Why? It has been around for 60 years. I figure that almost everyone has an older loved one who has relied on it. Imagining how they might struggle without it is informative.

Reposted by Lindsay M. Tedds

If you'd like to read how economists think about pensions as social insurance that tackles risks efficiently, have a look at this article by @tammyschirle.bsky.social and me.

crdcn.ca/publication/...
Gotta agree with Lindsay here. The piece equates pension savings to any other consumer choice. That ignores the insurance aspect of pensions, which is central to understanding the issue if you're an actual economist.

Reposted by Kevin Milligan

What literal horseshit is this and what editor let this get published financialpost.com/opinion/shut...
Matthew Lau: Shut down the tax-financed Canada Pension Plan
Contribution rates (i.e., payroll taxes) have only gone up while the CPP's bloated investment arm repeatedly misses its benchmarks. Read on.
financialpost.com

View from Iona Building front door this morning. @ubcvse.bsky.social looking good today!