regional integration appears to have displaced the multilateral process as a means of liberalising trade in the world economy. Does the pursuit of regional agreements undermine the multilateral process of trade liberalisation embodied in the GATT? In this paper we develop a theoretical framework...

The number of lone parent families in Australia has grown dramatically over the last twenty years, as has the level of public income support for this group. This paper develops a cross-section modelling framework which pays close attention to the complexities of the budget constraint and...

I propose a model in which credentials, such as diplomas, are intrinsically valuable; a situation described as credentialism. The model overcomes an important criticism of signalling models by mechanically tying a worker’s wages to their productivity. A worker’s productivity is influenced by...

In this paper we construct life-cycle profiles of U.S. health care spending using data from the Medical Expenditure Panel Survey (MEPS). We separate pure age effects on health expenditure from time effects (i.e. productivity effects, business cycle effects, etc.) and cohort effects (i.e. initial...