The present paper examines a simple extension of the standard labour supply model in which a poverty level is introduced at the individual level as a component of the untility function.

This paper aims to examine the growth effects of human capital investment achieved through publicly-provided, compulsory education, financed from income and consumption taxes.

Wage functions provide much useful descriptive information about those characteristics of individuals which are associated with relatively high or low wage rates. In any cross-sectional survey there are many individuals who are not working at the time the survey is carried out. Such people may...

The purpose of the present paper is to extend the previous analysis to allow for the retirement age to vary between 55 and 65 years. The analysis focuses on two main questions. First, to what extent does the current system in Australia ( in its mature form) offer an incentive for individuals to...