This paper develops and tests a model that predicts a positive relationship between absolute levels of capital stock and how favourable are policies toward capital. The theoretical model we use is a model of campaign contributions and electoral competition, extended to consider the implications...

Indigenous minority groups in countries such as the US, Canada and Australia are amongst the most disadvantaged minority groups in the de-veloped world. This disadvantage is strongly associated with 'pre-market' factors. This paper examines pre-market disadvantage of indigenous Australians by...

This study uses LSMS microdata to evaluate the impact of early years education on subsequent educational participation in the states of Uttar Pradesh and Bihar in Northern India. It is established that, alongside a number of economic and demographic variables, pre-school education has a...

This paper develops the smallest model of international trade based on differences in factor endowments across countries. We use this model to clarify the result in Helpman and Krugman (1985) that relative country size does not matter for the volume of trade. Relative country size does matter...

Many countries provide transfers for particular client groups such as children and often such transfers are in-kind rather than cash. However, this may, at least partially, crowd out private expenditures on the goods in question because they reduce the incentive for other individuals, like...

Panel data from the United Kingdom are used to estimate a wage curve that allows simultaneously for time, individual, and spatial effects and which thus finesses the problem of grouped data bias. Once allowance is made for the multilevel and cross-classified nature of the data, estimates of the...

In the context of a standard model of optimal monetary policy, I argue that expectations should be treated as adaptive rather than rational. This argument is justified by considering the rational expectations equilibrium of this model as the limit point of a sequence in which agents...

We construct a family of models to analyse the effect on optimal educational investment of (i) society's preferences for equity and (ii) competition between countries. The models provide insights about the impact of a variety of parameters on optimal policy. In particular, we identify a form of...

We investigate the determinants of teacher exits from and mobility within the Queensland state school system. In common with previous research we find that non-pecuniary factors, such as class size and location, affect movement decisions but our results suggest a significant role for pecuniary...

There has been concern that the increase in non-standard or flexible employment contracts witnessed in many OECD economies is evidence of a growth in low-pay, low-quality jobs. In practice, however, it is difficult to evaluate the `quality' of flexible jobs. Previous research has either...