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Old 06-11-2008, 04:25 PM   #103
DanaC
We have to go back, Kate!
 
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
Quote:
Regardless of which side of that argument you want to be on ten years is far too short to measure the true economic effect of policies. There is a considerable lag between cause and effect.
I would agree with that. Historically speaking the time lapse between changes in real wages and corresponding societal changes (such as the effect on age at first marriage etc) is about 30 years.
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