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the OECD countries, Australia did not even have a recession. In this paper we study the behaviour of the Australian … economy compared to some of the OECD countries and see that, in fact, Australia has a "miracle economy". The comparisons are …
Persistent link: https://www.econbiz.de/10013077340
with disdain for work. We propose an economic theory of preference formation where both the divergence of attitudes across … social classes and the ensuing reversal of economic fortunes are equilibrium outcomes. In our theory, parents shape their …
Persistent link: https://www.econbiz.de/10012707835
applies the theory of optimal piecewise linear taxation to the issue of the taxation of top incomes. Our results suggest that …
Persistent link: https://www.econbiz.de/10013051448
We study the role of ethnic networks in migrants job search and the quality of jobs they find in the first years of settlement. We find that there are initial downward movements along the occupational ladder, followed by improvements. As a result of restrictions in welfare eligibility since...
Persistent link: https://www.econbiz.de/10013325021
It takes a woman and a man to make a baby. This fact suggests that for a birth to take place, the parents should first agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are likely to arrive only if both parents desire one, and...
Persistent link: https://www.econbiz.de/10012996539
This paper quantitatively determines the asset limit in income support programs which minimizes consumption volatility in a lifecycle model with incomplete markets and idiosyncratic earnings risk. An asset limit allows allocating transfers to those households with the highest utility gains from...
Persistent link: https://www.econbiz.de/10013028152
Census data from international sources covering 77% of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the US, has been rising over the last four decades. Moreover, the population share of skilled migrants has been...
Persistent link: https://www.econbiz.de/10013001874
Australia affected by the income threshold at which the Medicare Levy Surcharge (MLS) kicks in? We propose a new difference de … health insurance in Australia using contaminated data …
Persistent link: https://www.econbiz.de/10013016228
Previous research hypothesizes that long working hours are related to consumerism, the ideal worker norm, high levels of human capital, and a high cost-of-job-loss. The authors test these hypotheses using panel data on working hours for an Australian sample of full-time employed workers....
Persistent link: https://www.econbiz.de/10013318322
A small literature has shown that individual wellbeing varies with the price of company stock, but it is unclear whether this is due to wealth effects among those holding stock, or more general effects on sentiment, with individuals taking rising stock prices as an indicator of improvements in...
Persistent link: https://www.econbiz.de/10013406845