Cash income is widely recognised as a deficient measure of income, as it takes no account of the contribution of net worth to consumption potential. Housing equity is a particularly important component of net worth. Comprehensive income measures incorporate housing equity by adding its...

This Productivity Commission staff working paper (by Matthew Forbes, Andrew Barker and Stewart Turner) was released March 2010. <p>Human capital theory supports the view that people with higher levels of education and lower incidences of chronic illness should have higher labour productivity....</p></p>

• Human capital theory supports the view that people with higher levels of education and lower incidences of chronic illness should have higher labour productivity. • Hourly wages can be used as an indicator of labour productivity. While wages are likely to be a reasonable indicator of the...

[abstract missing - contribution appeared in the programme]