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This paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. In the author’s framework, the social merits of public education schemes are related to the lack of markets in which students can insure against educational...
Persistent link: https://www.econbiz.de/10014400865
-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill … is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …
Persistent link: https://www.econbiz.de/10014410425
This paper discusses tax and expenditure policy reforms to raise employment. Using data for 58 advanced and emerging …. The focus is on incentives to increase labor demand and supply rather than on the impact of fiscal policy on employment … principles which should guide the design of country-specific fiscal reforms to boost employment. A comprehensive set of tables on …
Persistent link: https://www.econbiz.de/10014410536
Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure...
Persistent link: https://www.econbiz.de/10014407227
Persistent link: https://www.econbiz.de/10009510794
establish the Government of Australia Subaccount for Selected Fund Activities (the 'Subaccount') under the terms of the SFA …
Persistent link: https://www.econbiz.de/10014410610
This Selected Issues paper reviews how Australia’s economy has adapted to a flexible Australian Dollar. The paper … proposal, and estimates how much Australia and other countries in the Asia-Pacific region would gain from greater financial …
Persistent link: https://www.econbiz.de/10014405836
This paper analyzes likely effectiveness of the fiscal policy in supporting aggregate demand in Australia. The …
Persistent link: https://www.econbiz.de/10014410962
The impact of the global crisis was milder in Australia than in other advanced economies owing to strong demand from …
Persistent link: https://www.econbiz.de/10014403099
sound macroeconomic framework should permit Australia to weather the global downturn and contain inflationary pressures …
Persistent link: https://www.econbiz.de/10014403481