Economic analysis of child maltreatment and child protection. This project aims to investigate the economic causes and consequences of child maltreatment. It expects to generate new knowledge by applying microeconometric methods to large Australian administrative databases that track children’s health, education and welfare receipt over time. The expected outcomes of this project include an expanded knowledge base on how economic shocks affect maltreatment, the economic consequences of placing c ....Economic analysis of child maltreatment and child protection. This project aims to investigate the economic causes and consequences of child maltreatment. It expects to generate new knowledge by applying microeconometric methods to large Australian administrative databases that track children’s health, education and welfare receipt over time. The expected outcomes of this project include an expanded knowledge base on how economic shocks affect maltreatment, the economic consequences of placing children in out-of-home care, and the value of economic policies for reducing the intergenerational transmission of maltreatment. This should provide significant benefits, such as providing practical evidence to policy makers and service providers that help prevent child maltreatment and reduce its harms.Read moreRead less
The Allocation of Risk and Economic Slumps. The aim of this project is to construct and analyse models that identify a novel feedback mechanism in which the distribution of investment risk interacts with aggregate employment variations. It will provide a useable framework for economic policy analysis in which the distribution of wealth affects the demand for investment risk while the distribution of production risk affects the supply of labour income risk.
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
Understanding the Effects of News Shocks on Macroeconomic Fluctuations. There are significant potential benefits for Australia. First, it could lead to more effective policymaking, with an understanding of how policy in one branch of the government can affect other sectors that have not been considered before. For example, changes in fiscal policy can affect not just growth, but also unemployment, inflation, and the income distribution. Second, this project will make a contribution to the resear ....Understanding the Effects of News Shocks on Macroeconomic Fluctuations. There are significant potential benefits for Australia. First, it could lead to more effective policymaking, with an understanding of how policy in one branch of the government can affect other sectors that have not been considered before. For example, changes in fiscal policy can affect not just growth, but also unemployment, inflation, and the income distribution. Second, this project will make a contribution to the research training of new macroeconomists in Australia: we will train three PhD students in the very latest methods. We also will organize a conference and bring the very top economists in the world to work with researchers here, and to consider issues surrounding the Australian economy. Read moreRead less
The effects of child disability on carer's labour market outcomes in Australia. Increasing prevalence of children with disabilities in Australia accompanied by lack of research makes this study imperative. The innovative approach adopted in this project means there will be a number of national benefits resulting from this study.
- It will help governments in Australia make more informed policies toward providing assistance to affected families, which will reduce the burden on families caring ....The effects of child disability on carer's labour market outcomes in Australia. Increasing prevalence of children with disabilities in Australia accompanied by lack of research makes this study imperative. The innovative approach adopted in this project means there will be a number of national benefits resulting from this study.
- It will help governments in Australia make more informed policies toward providing assistance to affected families, which will reduce the burden on families caring for children with disabilities.
- More informed policy will improve the well-being of such children.
- It will advance knowledge in the fields of labour and health economics, and econometrics, and hence enhance Australian research reputation in the fields.Read moreRead less
Supporting dynamic multidimensional entrepreneurial resilience in Australia. This project aims to model entrepreneurial resilience, its formation and its influence on how creative transformation occurs, and whether ex ante adaptive capacity is in turn enhanced by having mastered crises. The project proposes a theoretical model to holistically measure resilience across the life course. Using longitudinal data for self-employed individuals in Australia the project analyses the impact of crisis and ....Supporting dynamic multidimensional entrepreneurial resilience in Australia. This project aims to model entrepreneurial resilience, its formation and its influence on how creative transformation occurs, and whether ex ante adaptive capacity is in turn enhanced by having mastered crises. The project proposes a theoretical model to holistically measure resilience across the life course. Using longitudinal data for self-employed individuals in Australia the project analyses the impact of crisis and economic policy on entrepreneur’s behaviour and SMEs entry exit decisions. The project informs policy making through employing discrete choice experiments to elicit entrepreneur’s preferences for government policy and support post crisis. Read moreRead less
Consequences of water reform and changing farm adaptation in the Basin. This project aims to evaluate the consequences of, and lessons learned from, the past two decades of water reform in the Murray-Darling Basin (MDB). In particular, it will examine the recent economic and farm consequences of water recovery. Australia is over halfway through implementation of the MDB Plan, and has spent over $6 billion in water recovery to achieve basin-wide resilience, with billions more still committed. Pro ....Consequences of water reform and changing farm adaptation in the Basin. This project aims to evaluate the consequences of, and lessons learned from, the past two decades of water reform in the Murray-Darling Basin (MDB). In particular, it will examine the recent economic and farm consequences of water recovery. Australia is over halfway through implementation of the MDB Plan, and has spent over $6 billion in water recovery to achieve basin-wide resilience, with billions more still committed. Project expected outcomes include pioneering new methods to track how MDB irrigation efficiency, productivity and other farm outcomes have changed as a response to water reform. It will also draw lessons from both national and international case studies to consequently inform more effective water management.Read moreRead less
Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact ....Impacts of changing water ownership and reforms on Australian water markets. Water markets play a critical role in helping Australia’s food bowl survive periods of severe drought. This project aims to evaluate how the Murray-Darling Basin water markets performed, in terms of the impact of water ownership, and investigate how water reforms have affected rural communities over the past two decades. Expected outcomes include a clearer understanding on how different water ownership structures impact price and price volatility of water, market power, economic welfare of water traders, and what social and economic impacts water reforms in the past decades have in the Basin. The findings will provide critical evidence for evaluating future water reforms, building resilient rural communities and safeguarding food security.Read moreRead less
Improving Choice Models: Multiple Goal Pursuit and Multi-Stage Decision Processes. This project aims to develop new econometric models of choice behaviour that recognise individuals adopt “how to decide” strategies when choosing between alternatives. Existing models simplistically assume that people evaluate all goods and choose the best of them, when in fact they ignore some goods, select what information is relevant, pursue multiple goals, and otherwise deviate from the assumptions commonly ma ....Improving Choice Models: Multiple Goal Pursuit and Multi-Stage Decision Processes. This project aims to develop new econometric models of choice behaviour that recognise individuals adopt “how to decide” strategies when choosing between alternatives. Existing models simplistically assume that people evaluate all goods and choose the best of them, when in fact they ignore some goods, select what information is relevant, pursue multiple goals, and otherwise deviate from the assumptions commonly made in econometric models. Filling in this significant gap in the choice modelling literature constitutes a significant contribution to improving our understanding of human decision making and policy analysis in every area of human endeavour.Read moreRead less
Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further ....Transitioning to a water-secure future in the Basin. Increased water scarcity threatens the viability of the Murray-Darling Basin. There has been little analysis conducted of the consequences of water market impediments. The economic dimensions of trade impediments, water management, water market intervention and the net social benefits of water markets are at the core of this project. In particular, this project aims to explore: the impact of impediments and policy in water markets; how further water market products may increase water market efficiency; and, the nature and sources of transactions costs in markets. Benefits from this project will enhance resilience and adaptation of irrigators to future climate change and water shortages, as well as providing future policy guidance.Read moreRead less