Human Capital, Cognitive Skills and Labour Market Outcomes. As Australia competes in the ‘educational race,’ this project will generate new knowledge on the relationship between education, skill attainment and economic outcomes in Australia. The research will provide new empirical evidence on cognitive and non-cognitive skills formation over the life-cycle, and the relationship between these skills and labour market outcomes in Australia within the broader international context. The research wil ....Human Capital, Cognitive Skills and Labour Market Outcomes. As Australia competes in the ‘educational race,’ this project will generate new knowledge on the relationship between education, skill attainment and economic outcomes in Australia. The research will provide new empirical evidence on cognitive and non-cognitive skills formation over the life-cycle, and the relationship between these skills and labour market outcomes in Australia within the broader international context. The research will advance methodological techniques for the economic analysis of cognitive skills and their economic impacts. The research will inform public policy formulation relating to educational attainment, skill development, and strategies to encourage longer workforce engagement over the life-cycle.Read moreRead less
Macro and micro level subjective expectations information and economic behaviour. This project examines the importance of economic expectations on the future state of the economy in decision making. It focuses on large life decisions such as going into retirement, paying for a university education and buying a house. The project also assess the extent to which people are able to make these predictions accurately.
Managing an ageing population for income adequacy and fiscal sustainability. This project aims to improve understanding of the impacts of existing key reforms intended to ease fiscal pressures associated with population ageing. The right mix of retirement income policies is vital to Australia's fiscal sustainability, however the effectiveness of existing policies is unknown. The project expects to identify impacts of key reforms on employment, re-training, income, savings and future retirement i ....Managing an ageing population for income adequacy and fiscal sustainability. This project aims to improve understanding of the impacts of existing key reforms intended to ease fiscal pressures associated with population ageing. The right mix of retirement income policies is vital to Australia's fiscal sustainability, however the effectiveness of existing policies is unknown. The project expects to identify impacts of key reforms on employment, re-training, income, savings and future retirement income and public pension receipt. The project will develop a new tax records-based dataset to facilitate future research on tax and welfare systems.Read moreRead less
A benefit-cost analysis of the Early Years Education Program. This project undertakes a benefit-cost analysis of the Early Years Education Program (EYEP). EYEP is an innovative early years education and childcare program for children at risk of abuse and neglect that is being trialled by the Children’s Protection Society in Melbourne. The use of the randomised evaluation method in the trial, the innovative and extensive nature of EYEP, the inter-disciplinary research team, and the breadth of dat ....A benefit-cost analysis of the Early Years Education Program. This project undertakes a benefit-cost analysis of the Early Years Education Program (EYEP). EYEP is an innovative early years education and childcare program for children at risk of abuse and neglect that is being trialled by the Children’s Protection Society in Melbourne. The use of the randomised evaluation method in the trial, the innovative and extensive nature of EYEP, the inter-disciplinary research team, and the breadth of data collection, provide the opportunity to complete a high quality benefit-cost analysis that will be internationally unique. Results from the study have the potential to influence the design of childcare and education for 30,000 at-risk children in Australia, as well as informing approaches in regular childcare.Read moreRead less
Welfare Economic Issues in the New Classical Economic Framework of Inframarginal Analysis (renewal application). The CIs have developed a framework analysing the classical but largely ignored problems of division of labour. The 2001-2 project extends the framework to examine welfare issues and public policies, including government encouragement of infrastructure, organisational effects of externality-corrective taxes, work ethics and the optimal working week. The proposed extension to this res ....Welfare Economic Issues in the New Classical Economic Framework of Inframarginal Analysis (renewal application). The CIs have developed a framework analysing the classical but largely ignored problems of division of labour. The 2001-2 project extends the framework to examine welfare issues and public policies, including government encouragement of infrastructure, organisational effects of externality-corrective taxes, work ethics and the optimal working week. The proposed extension to this research will address the more fundamental issue of the Pareto optimality of general equilibrium in the new framework and extend the existing analyses to be of more practical relevance with more immediate policy implications.Read moreRead less
Using behavioural economic insights to overcome student procrastination. This project aims to study the relations between present-biased time preference, procrastination, and achievement at school, using economic experiments. Investment in human capital generates economic benefits for students, families, employers, and society, but its benefits are realised far into the future. Because of these immediate costs and delayed benefits, behavioural economic theory predicts that students will procrast ....Using behavioural economic insights to overcome student procrastination. This project aims to study the relations between present-biased time preference, procrastination, and achievement at school, using economic experiments. Investment in human capital generates economic benefits for students, families, employers, and society, but its benefits are realised far into the future. Because of these immediate costs and delayed benefits, behavioural economic theory predicts that students will procrastinate. This project will identify the characteristics of students at greatest risk of procrastination, evaluate practical strategies to overcome it, and examine whether it is associated with poorer outcomes. This should help schools and policy makers reduce educational inequalities, and yield long-term benefits over students’ lives.Read moreRead less
Australian labour market adjustment to technology, trade and policy. This project aims to examine how the Australian labour market has adjusted over the past 30 years to several major developments: increased use of computers, growth in international trade and the mining boom, microeconomic reform, and the expansion of higher education. The analysis is designed to encompass the effect on labour market outcomes including workers’ pay, the skill composition of employment, migration flows and indivi ....Australian labour market adjustment to technology, trade and policy. This project aims to examine how the Australian labour market has adjusted over the past 30 years to several major developments: increased use of computers, growth in international trade and the mining boom, microeconomic reform, and the expansion of higher education. The analysis is designed to encompass the effect on labour market outcomes including workers’ pay, the skill composition of employment, migration flows and individuals’ decisions about acquiring education. Having a richer understanding of how the labour market has adjusted in the past may help policy-makers to infer how adjustment will happen in the future. For example, a better understanding of the effects of new technologies would provide a stronger basis for judging trends in job creation and hence the types of skills and training that will be required in Australia in future years.Read moreRead less
The socioeconomic determinants and dynamics of mental health and disorders in Australia and the United Kingdom: evidence from childhood to the elderly years. Poor mental health and specific mental disorders are prevalent in Australia, and have severe consequences for the social and economic functioning of individuals, families and communities. This project will shed new light on the long-term socio-economic determinants and dynamics of mental health, using data that tracks individuals over time.
New Perspectives on the Socioeconomic Determinants and Dynamics of Mental Health and Wellbeing using Panel, Cohort and Internet Search Data. This project will provide new evidence on the determinants and dynamics of mental health and wellbeing using a range of survey data that tracks individuals for up to 50 years, as well as real-time information from internet search data. Mental health problems often start early in life and reoccur throughout adulthood, which makes a better understanding of th ....New Perspectives on the Socioeconomic Determinants and Dynamics of Mental Health and Wellbeing using Panel, Cohort and Internet Search Data. This project will provide new evidence on the determinants and dynamics of mental health and wellbeing using a range of survey data that tracks individuals for up to 50 years, as well as real-time information from internet search data. Mental health problems often start early in life and reoccur throughout adulthood, which makes a better understanding of the relationship between childhood socioeconomic conditions and mental health outcomes throughout the life-course important for designing policies aimed at early prevention, and therefore reducing socioeconomic inequalities.Read moreRead less
Testing for Age Discrimination in Hiring in the Australian Labour Market. This project will raise awareness in the community of the extent, or lack thereof, of age discrimination in the Australian labour market. This is particularly important as no other investigations of this nature have been made. The findings will provide a valuable and important complement to the surveys of employer's attitudes towards older workers. There will be policy implications for the structure and operation of anti-d ....Testing for Age Discrimination in Hiring in the Australian Labour Market. This project will raise awareness in the community of the extent, or lack thereof, of age discrimination in the Australian labour market. This is particularly important as no other investigations of this nature have been made. The findings will provide a valuable and important complement to the surveys of employer's attitudes towards older workers. There will be policy implications for the structure and operation of anti-discrimination legislation in Australia. The technique of using written applications to apply for jobs can highlight deficiencies in the current legislation and ways in which the legislation can be modified to make it more effective. Read moreRead less