This paper presents estimates of the financial returns to the graduate, to the Treasury and to the Australian economy from undergraduate education. In addition, the paper indulges in some speculations about the efficiency of the policy changes.

Measures of standard of living and of poverty are plagued by the obvious gap between the relative simplicity of the indices and the infinite complexity of what they are trying to capture. Some trade-off between the simplicity desirable in an index, and real-life complexity is inevitable. The...

This paper fust surveys available evidence on consumption patterns in the period between the gold rushes and the fust world war (Section 1), then attempts to integrate this evidence to achieve a reasonably consistent set of estimates across the period (Section 2). The changes in the composition...

Djankov and Reynal Querol (2010, RESTAT) show that the level of GDP per capita has no significant effects on the risk of civil war once country fixed effects are accounted for. Therefore, they argue that the relationship between income and civil war is spurious. This paper shows that when focus...