A common critique of most measures of income inequality, which are based on a single year's income, is that they fail to take account of income mobility. If income fluctuations are large, and individuals can smooth consumption, then high inequality and high mobility may be no worse than low...

According to the 1911 Census, the proportion female of those receiving university education was around 22%, growing to 29% in 1921. By 1952 it had dropped to under 20%, due to easy access into universities for returning war-veterans. From the early 1950s, the university-educated gender gap began...

Do income taxes levied at a state or regional level affect the after-tax distribution of income? Or do workers merely move between regions, causing pre-tax wages to adjust? This question is relevant both in across states in the United States, and across countries within the European Union. Using...

This chapter compares and contrasts international experience with respect to higher education financing. The size and payment forms of tuition, and the different types and levels of public sector support, are illustrated for a large number of countries. A major aspect of the discussion concerns...

This paper considers the existence of a path of GDP corresponding to steady inflation in the prices of domestic goods. We estimate the steady inflation rate of growth, denoted the SIRG, at a little over 4 per cent per annum in the post-float period. Changes in inflation are modelled as a...

There is some concern that immigration contributes to a larger current account deficit in a net borrowing country like Australia. The reason is believed to be that the immigrants on balance have a lower net saving than those born in the country.