Between the 1880s and 1930s the international wool auction market shifted decisively from Britain to Australia. A series of historical developments altered the efficiency criteria for the existing institutional arrangements, notably the growing international dominance of Australian wool...

We present new estimates of intergenerational earnings elasticity for Australia. We closely follow the methodology used by Leigh (2007), but use considerably more data (twelve waves of HILDA and four waves of PSID). Our adjusted estimates are intended to be comparable to those for other...

A large literature has documented significant public health benefits associated with the minimum legal drinking age in the United States, particularly because of the resulting effects on motor vehicle accidents. These benefits form the primary basis for continued efforts to restrict youth access...