A Comparative Law and Economics Analysis of Class Actions in Australia, the US and the UK. Research on how class action law suits operate to enforce rules and rights in the civil justice system, can promote three of the four national research priorities. By enabling better enforcement of competition, contract and corporations law for consumers and investors encourages better performing markets, corporations, and in turn an innovation culture and economy. By enabling better enforcement of produ ....A Comparative Law and Economics Analysis of Class Actions in Australia, the US and the UK. Research on how class action law suits operate to enforce rules and rights in the civil justice system, can promote three of the four national research priorities. By enabling better enforcement of competition, contract and corporations law for consumers and investors encourages better performing markets, corporations, and in turn an innovation culture and economy. By enabling better enforcement of product safety laws (e.g. asbestos and tobacco) it will promote better products and services and thus better health of users over time. Finally by enabling better enforcement of environmental law it will help address the water crisis and climate change.Read moreRead less
How do macroeconomic fluctuations affect the educational choices of young Australians? The 1990-1991 recession, recent evidence, and econometric issues. The educational choices of young people are crucial for any nation's future. The project's empirical findings will inform public policy, particularly in the areas of education and training and youth unemployment. The research will help policy makers target people who need extra support in tough times and help determine the demand for different k ....How do macroeconomic fluctuations affect the educational choices of young Australians? The 1990-1991 recession, recent evidence, and econometric issues. The educational choices of young people are crucial for any nation's future. The project's empirical findings will inform public policy, particularly in the areas of education and training and youth unemployment. The research will help policy makers target people who need extra support in tough times and help determine the demand for different kinds of education. The findings have implications for future policies aimed at reducing inequality. The project's methodological contributions will lead to better and more reliable research in economics and other fields such as biology and engineering. The findings will be suitable for the top economics journals and contribute to Australia's standing in the academic community.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
An Integrated Analysis of the Social Context of Indigenous Poverty. The project will identify the processes that improve Indigenous participation in social and economic life of the nation-an important pre-condition for a lasting reconciliation between indigenous and other Australians. The new poverty benchmarks developed will provide evidence about the adequacy of income support payments with associated implications for child welfare. Given that Indigenous people are a substantial and increasing ....An Integrated Analysis of the Social Context of Indigenous Poverty. The project will identify the processes that improve Indigenous participation in social and economic life of the nation-an important pre-condition for a lasting reconciliation between indigenous and other Australians. The new poverty benchmarks developed will provide evidence about the adequacy of income support payments with associated implications for child welfare. Given that Indigenous people are a substantial and increasing proportion of remote Australia, improvements in their income and welfare would have significant multipliers for regional economies. Also, the national debate on these issues will be augmented by scholarly articles and a readable book providing an integrated analysis of the social context of Indigenous poverty.Read moreRead less
The Role of the Family in Facilitating the Human Capital and Labour Market Investments of Young Australians. A nation's future lies in its young people, and society as a whole must take part in ensuring that today's youth acquire the skills, experience, and training necessary not only to cope, but to thrive. The proposed research will make a substantial step forward in understanding how families make decisions about supporting their young adult children and how those decisions are shaped by Aust ....The Role of the Family in Facilitating the Human Capital and Labour Market Investments of Young Australians. A nation's future lies in its young people, and society as a whole must take part in ensuring that today's youth acquire the skills, experience, and training necessary not only to cope, but to thrive. The proposed research will make a substantial step forward in understanding how families make decisions about supporting their young adult children and how those decisions are shaped by Australian social policy. The findings will inform social policy development by providing evidence on pressing issues such as the effects of rising house prices or weakening labour markets on young Australians' ability to invest in education.Read moreRead less
Private Responses to Demographic Change and Pension Reform in Urban China. Social, economic, and political stability in China is important for Australia and its business community due to the sheer size of China and its market. The rapid aging and significant social welfare reform is a potential instability source. This project contributes to the improvement of policy making in this area, which will enhance China's long term stability. This study provides detailed information on Chinese household ....Private Responses to Demographic Change and Pension Reform in Urban China. Social, economic, and political stability in China is important for Australia and its business community due to the sheer size of China and its market. The rapid aging and significant social welfare reform is a potential instability source. This project contributes to the improvement of policy making in this area, which will enhance China's long term stability. This study provides detailed information on Chinese household behaviour in pension financing, which may be helpful to the Australian business sector in making judgments on important economic relationships in the Chinese insurance market. Australia is also facing a changing age structure and seeking financial solutions. Our study may feed into improved research in this area.Read moreRead less
Biosecurity or Trade Barrier? The Economic Costs of Quarantine. Agricultural, fishing and forestry groups are united in supporting strict biosecurity measures, such as quarantine, in order to prevent any possibility of the importation of diseases. However, the importation of certain products from "diseased" countries does not necessarily mean that the disease will also be imported, and even if imported it may not result in the destruction of the local industry. The "diseased" countries obviousl ....Biosecurity or Trade Barrier? The Economic Costs of Quarantine. Agricultural, fishing and forestry groups are united in supporting strict biosecurity measures, such as quarantine, in order to prevent any possibility of the importation of diseases. However, the importation of certain products from "diseased" countries does not necessarily mean that the disease will also be imported, and even if imported it may not result in the destruction of the local industry. The "diseased" countries obviously remain competitive if they are able to export the products. Foreign quarantine restrictions are restricting Australia's access to international markets. The costs to consumers of the current zero-tolerance policy has not been quantified. The costs may indeed exceed the benefit.Read moreRead less
Low Skill Workers in Australia. This project will describe and analyse determinants of labour market outcomes for low-skill workers in Australia. The main themes are to examine effects of business cycle influences, training programs, and the experience of retrenchment, on earnings and employment outcomes for low skill labour force participants. With the Australian Bureau of Statistics as an Industry Partner - providing access to data and guidance otherwise unavailable - the project can make a ....Low Skill Workers in Australia. This project will describe and analyse determinants of labour market outcomes for low-skill workers in Australia. The main themes are to examine effects of business cycle influences, training programs, and the experience of retrenchment, on earnings and employment outcomes for low skill labour force participants. With the Australian Bureau of Statistics as an Industry Partner - providing access to data and guidance otherwise unavailable - the project can make a highly original contribution to understanding key determinants of labour market performance of low skill workers. That enhanced understanding will improve knowledge of how to design public policy to assist those workers. Read moreRead less
The growth of Chinese foreign direct investment and its impact on developed-country regulation and Chinese institutions. This project will study the growth of Chinese foreign direct investment globally, identifying its causes and drivers, and the link between foreign investment and the liberalisation of the Chinese economy. This project's findings will inform the elaboration of Australia's policy response to Chinese direct investment.
The Determinants and Impacts of Analyst Activity in Australian Equity Markets. Deep and liquid markets are essential ingredients to a well functioning capital market, and can assist in capital formation and the growth of firms. A rich information environment is in turn necessary to ensure liquidity and the minimisation of cost of capital. A greater understanding of what promotes a rich information environment, specifically through the activity of financial analysts, will assist in formulation ....The Determinants and Impacts of Analyst Activity in Australian Equity Markets. Deep and liquid markets are essential ingredients to a well functioning capital market, and can assist in capital formation and the growth of firms. A rich information environment is in turn necessary to ensure liquidity and the minimisation of cost of capital. A greater understanding of what promotes a rich information environment, specifically through the activity of financial analysts, will assist in formulation of policies at both the Australian Stock Exchange and individual company level, and indeed at the government level given Federal and State Government initiatives to encourage the growth of corporate Australia.Read moreRead less