Time discounting in late career financial and activity planning. A new career decision model of retirement activity and financial planning will be tested that combines hyperbolic delay discounting with exponential interest growth, while also examining the impact of risk framed in terms of changing goverment tax legislation and uncertain health. The role of expertise and simulated training in reducing time discounting will be examined, and results combined to form a late career web assistance pro ....Time discounting in late career financial and activity planning. A new career decision model of retirement activity and financial planning will be tested that combines hyperbolic delay discounting with exponential interest growth, while also examining the impact of risk framed in terms of changing goverment tax legislation and uncertain health. The role of expertise and simulated training in reducing time discounting will be examined, and results combined to form a late career web assistance program. Improving predictions of the decision to retire will benefit individuals, financial planners, investors and employing organisations.Read moreRead less
An empirical analysis of structural cost management decision making. This study analyses the rationale adopted by firms in implementing cost management choices with significant social and economic consequences. Layoffs, across-the-board cost cuts and off-shoring are significant influences on workforce participation levels in the Australian economy. This study explores the factors associated with firms and managers that lead to systematic preferences for certain types of cost management respons ....An empirical analysis of structural cost management decision making. This study analyses the rationale adopted by firms in implementing cost management choices with significant social and economic consequences. Layoffs, across-the-board cost cuts and off-shoring are significant influences on workforce participation levels in the Australian economy. This study explores the factors associated with firms and managers that lead to systematic preferences for certain types of cost management responses. In analysing these decisions in a range of organizational settings, and seeking to establish best practice benchmarks in innovative cost management practice, this study directly supports the government's workforce participation agenda. Read moreRead less
Outcome Trust: An Experimental Validation. Scholars have studied trust from a host of disciplinary perspectives. With such a diversity of scholarship, we find both a conflict over approaches and methods as well as the inevitable differences about the fundamental nature of the concept of trust. Bhattacharya, Devinney & Pillutla develop a remarkably robust operational model of trust that is a function of two factors, the uncertainty faced by the parties to a relationship and the conjectures they ....Outcome Trust: An Experimental Validation. Scholars have studied trust from a host of disciplinary perspectives. With such a diversity of scholarship, we find both a conflict over approaches and methods as well as the inevitable differences about the fundamental nature of the concept of trust. Bhattacharya, Devinney & Pillutla develop a remarkably robust operational model of trust that is a function of two factors, the uncertainty faced by the parties to a relationship and the conjectures they form about each other's actions. We propose to test this formulation rigorously, using experimental methods, thereby allowing us to broaden our understanding of the critical concept of trust.Read moreRead less
Uncertain Intellectual Property Rights and Start-Up Commercialisation Strategy. This project will consider a perviously unexploited fact about the patent process: that there is a lag between patent application and patent granting during which important trade in ideas (e.g., licensing or other cooperative agreements) can take place. At both theoretical and empirical, we will attempt to understand the drivers of pre-patent licensing and its impact on Coasian bargaining. The aim is to better unders ....Uncertain Intellectual Property Rights and Start-Up Commercialisation Strategy. This project will consider a perviously unexploited fact about the patent process: that there is a lag between patent application and patent granting during which important trade in ideas (e.g., licensing or other cooperative agreements) can take place. At both theoretical and empirical, we will attempt to understand the drivers of pre-patent licensing and its impact on Coasian bargaining. The aim is to better understand the effects of uncertain property rights on the efficient operation of markets for ideas.Read moreRead less
Determining urban water conservation and management strategies: a novel approach using field experiment and survey data. The project's national benefits are consistent with the research priorities that evaluate an environmentally sustainable Australia through efficient and sustainable water use. The project explores how households react to different demand side instruments and identifies water saving strategies preferred by the public. The findings can be used by decision-makers to select eff ....Determining urban water conservation and management strategies: a novel approach using field experiment and survey data. The project's national benefits are consistent with the research priorities that evaluate an environmentally sustainable Australia through efficient and sustainable water use. The project explores how households react to different demand side instruments and identifies water saving strategies preferred by the public. The findings can be used by decision-makers to select effective instruments to enhance water conservation, reduce water consumption and therefore use water sustainably according to Australia's ecological means. Read moreRead less
Should rational individuals be optimistic? Theory, survey evidence, experimental evidence, and policy implications. This project will help Australian policy makers design better information-revelation policies and will elevate the skill level of Australian research in behavioural economics. Insights we generate about how best to manage the public's expectations will enable policy design that strengthens Australia's social and economic fabric. We will disseminate the recommendations we generate ....Should rational individuals be optimistic? Theory, survey evidence, experimental evidence, and policy implications. This project will help Australian policy makers design better information-revelation policies and will elevate the skill level of Australian research in behavioural economics. Insights we generate about how best to manage the public's expectations will enable policy design that strengthens Australia's social and economic fabric. We will disseminate the recommendations we generate in a policy workshop at the end of our project. In terms of benefits to the level of science in Australia, the project will work with local data and local researchers, and will import into Australia new experimental medical equipment and the knowledge of how to use it. These benefits will help Australia progress to the forefront of behavioural economic research.Read moreRead less
International comparisons of retirement decisions and well-being of mature age populations: applied micro-economic analyses. Australia needs a pension reform to promote longer working lives of mature people in a health- and productivity-enhancing way, that is also financially sustainable. This study uses cutting-edge methodology and data to analyse decisions surrounding how mature people disengage from employment towards their eventual permanent retirement, and how these decisions relate to thei ....International comparisons of retirement decisions and well-being of mature age populations: applied micro-economic analyses. Australia needs a pension reform to promote longer working lives of mature people in a health- and productivity-enhancing way, that is also financially sustainable. This study uses cutting-edge methodology and data to analyse decisions surrounding how mature people disengage from employment towards their eventual permanent retirement, and how these decisions relate to their health and well-being. It compares and contrasts Australia with the UK, Germany and the US to derive lessons for developing evidence-based pension reform. International comparative research enables the identification of important policy, institutional and/or cultural differences and lessons that may well be missed by single country studies.Read moreRead less
Measurement and Sources of Productivity Growth under Imperfect Competition. The relative growth performance of countries using net output will free comparisons from the contentious and differing adjustments made by many statistical agencies in an attempt to take account of quality change in capital goods. Thus, Australia will have a better understanding of its relative performance in terms of growth, and thus be better positioned to make informed policy decisions. In addition, whether producti ....Measurement and Sources of Productivity Growth under Imperfect Competition. The relative growth performance of countries using net output will free comparisons from the contentious and differing adjustments made by many statistical agencies in an attempt to take account of quality change in capital goods. Thus, Australia will have a better understanding of its relative performance in terms of growth, and thus be better positioned to make informed policy decisions. In addition, whether productivity growth is mainly driven by technical progress or returns to scale, and the size of monopolistic markups, has a large bearing on how we view the performance of an economy and its potential for future growth.Read moreRead less
Distributional Consequences of Mass-Market Higher Education in Business. Increased access to tertiary education has not been evaluated for its effects on the full spectrum of individuals served by the tertiary sector. Using longitudinal data on entire student populations at university business faculties, this project will provide the first Australian evidence on the trade-offs amongst the educational success of students with different levels of preparation that occur when those with poorer prep ....Distributional Consequences of Mass-Market Higher Education in Business. Increased access to tertiary education has not been evaluated for its effects on the full spectrum of individuals served by the tertiary sector. Using longitudinal data on entire student populations at university business faculties, this project will provide the first Australian evidence on the trade-offs amongst the educational success of students with different levels of preparation that occur when those with poorer preparation are added to classrooms. Short-term performance and medium-term attrition, a recent educational policy focus, will be evaluated. Theoretically grounded recommendations will result for undergraduate program design to suit a student population with varying levels of university preparation.Read moreRead less
Towards an enhanced understanding of child and youth social exclusion risk at a small area level in Australia. This project will produce major national benefits, improving our understanding of child and youth social exclusion risk at a small area level, and putting Australia at the forefront of research into child well-being. Communities will benefit from the availability of high quality, rigorously developed measures of child and youth disadvantage at a local area level. Results from this proje ....Towards an enhanced understanding of child and youth social exclusion risk at a small area level in Australia. This project will produce major national benefits, improving our understanding of child and youth social exclusion risk at a small area level, and putting Australia at the forefront of research into child well-being. Communities will benefit from the availability of high quality, rigorously developed measures of child and youth disadvantage at a local area level. Results from this project will provided policy makers with tools to develop measures for overcoming disadvantage and narrowing gaps in outcomes for Australia's young people. The international team will ensure that methodological developments will be widely available in other countries interested in developing small area measures of child and youth disadvantage.Read moreRead less