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Using behavioural economic insights to overcome student procrastination. This project aims to study the relations between present-biased time preference, procrastination, and achievement at school, using economic experiments. Investment in human capital generates economic benefits for students, families, employers, and society, but its benefits are realised far into the future. Because of these immediate costs and delayed benefits, behavioural economic theory predicts that students will procrast ....Using behavioural economic insights to overcome student procrastination. This project aims to study the relations between present-biased time preference, procrastination, and achievement at school, using economic experiments. Investment in human capital generates economic benefits for students, families, employers, and society, but its benefits are realised far into the future. Because of these immediate costs and delayed benefits, behavioural economic theory predicts that students will procrastinate. This project will identify the characteristics of students at greatest risk of procrastination, evaluate practical strategies to overcome it, and examine whether it is associated with poorer outcomes. This should help schools and policy makers reduce educational inequalities, and yield long-term benefits over students’ lives.Read moreRead less
Microeconomic effects of Australian natural disasters. This project aims to describe and identify the effects of Australian natural disasters – such as the Black Saturday bushfires and the Brisbane floods – on important microeconomic outcomes, including health, education and employment. Natural disasters have profound economic and social effects on individuals and communities. This project intends to bring evidence on how disasters affect individuals and how the effects can be lessened. The proj ....Microeconomic effects of Australian natural disasters. This project aims to describe and identify the effects of Australian natural disasters – such as the Black Saturday bushfires and the Brisbane floods – on important microeconomic outcomes, including health, education and employment. Natural disasters have profound economic and social effects on individuals and communities. This project intends to bring evidence on how disasters affect individuals and how the effects can be lessened. The project expects to inform policy-makers on these critical issues by analysing field, survey and administrative data on individuals before and after past disasters.Read moreRead less
Noisy Parity Relationships in International Macroeconomic Models. Macroeconomic models of the Australian economy play a key role in the design of monetary and fiscal policy. Policymakers use these models either implicitly or explicitly, and usually begin to learn about them in principles courses. Parity relationships are foundation elements of these models, and have powerful implications for our understanding of macroeconomic dynamics. Classical statistical tests may have falsely led to an unhea ....Noisy Parity Relationships in International Macroeconomic Models. Macroeconomic models of the Australian economy play a key role in the design of monetary and fiscal policy. Policymakers use these models either implicitly or explicitly, and usually begin to learn about them in principles courses. Parity relationships are foundation elements of these models, and have powerful implications for our understanding of macroeconomic dynamics. Classical statistical tests may have falsely led to an unhealthy agnosticism regarding many of these relationships. This research will bring more appropriate statistical techniques to bear upon the problem, and if successful will restore confidence in decision-making processes and the relevance and applicability of macroeconomic models. Read moreRead less
The effect of competition and doctor heterogeneity on prices charged by doctors. Prices charged by doctors can have important effects on health care costs, access to health care and health status. This research will examine the determinants of prices charged by doctors. The results will be important in understanding the pricing practices of doctors and their impact on health care costs.
The rate of time preference in choice experiments: A systematic re-analysis. This project intends to re-analyse data from over 20 years of past research to understand when and why people sometimes make short-sighted choices. Time preference is a core concept in both theoretical and applied economics and a key input in public policy, yet empirical understanding of it is poor. Almost all important decisions of households, businesses and government involve benefits and costs that unfold over time. ....The rate of time preference in choice experiments: A systematic re-analysis. This project intends to re-analyse data from over 20 years of past research to understand when and why people sometimes make short-sighted choices. Time preference is a core concept in both theoretical and applied economics and a key input in public policy, yet empirical understanding of it is poor. Almost all important decisions of households, businesses and government involve benefits and costs that unfold over time. Many economists have used decision-making experiments to study how people value the future and make trade-offs over time, but these have not reached any clear consensus. This project plans to systematically re-analyse primary data using state-of-the-art estimation techniques to generate new estimates of the discount rate for each study. These will then be analysed in a meta-regression analysis to identify the factors that cause discount rates to vary between studies.Read moreRead less
Risk Management for Bonds, Currencies and Commodities. Understanding maturity-structure policy is a neglected topic. It needs research before we can determine whether public debt policy should accommodate the emerging needs of self-funded retirees - for long-term debt, new issues of index bonds, and 'survivor' bonds. Planning for annuity-rate risk has lagged far behind the sales of complying pensions. Over 2003 the Australian dollar rose by 34 percent, revealing major deficiencies in the standar ....Risk Management for Bonds, Currencies and Commodities. Understanding maturity-structure policy is a neglected topic. It needs research before we can determine whether public debt policy should accommodate the emerging needs of self-funded retirees - for long-term debt, new issues of index bonds, and 'survivor' bonds. Planning for annuity-rate risk has lagged far behind the sales of complying pensions. Over 2003 the Australian dollar rose by 34 percent, revealing major deficiencies in the standard advice on managing currency risks to retirement incomes. Uninsured disruptions to electricity supply have been an issue (eg in California), and demonstrate a need for innovative financial instruments that cushion and spread the costs.Read moreRead less
Institutions for Food Security: Global Lessons from Rural India. Between 2006 and 2008, global progress in combating world hunger stalled. World food prices increased by 71.4% and an additional 115 million people joined the ranks of the undernourished. This is a human tragedy which has fuelled political and economic turmoil across many countries. India has 28% of the world's hungry, and is an increasingly important economic and political partner to Australia. This research will involve a team of ....Institutions for Food Security: Global Lessons from Rural India. Between 2006 and 2008, global progress in combating world hunger stalled. World food prices increased by 71.4% and an additional 115 million people joined the ranks of the undernourished. This is a human tragedy which has fuelled political and economic turmoil across many countries. India has 28% of the world's hungry, and is an increasingly important economic and political partner to Australia. This research will involve a team of Australian researchers working with Indian counterparts to develop a framework that explains what causes risk and resilience to food insecurity, and offers practical insights for policy-makers. Read moreRead less
Community preferences for organ donation and allocation in Australia. This work will provide vital information on the Australian public's attitudes and preferences towards organ donation and allocation strategies, and inform the development of a national organ donation strategy that considers the public's preferences for different policies to increase organ donor rates. This project will directly address the National Research Priority of 'promoting and maintaining good health'; increasing the a ....Community preferences for organ donation and allocation in Australia. This work will provide vital information on the Australian public's attitudes and preferences towards organ donation and allocation strategies, and inform the development of a national organ donation strategy that considers the public's preferences for different policies to increase organ donor rates. This project will directly address the National Research Priority of 'promoting and maintaining good health'; increasing the availability of donor organs, and improving the equity and transparency of organ allocation in Australia will lead to improved health outcomes for patients on transplant waiting lists around Australia, and improved health outcomes for patients not previously eligible for transplant (e.g. some dialysis patients)Read moreRead less
The Impact of Hiring and Firing Costs on Wages and Unemployment. Hiring and firing costs are a crucial part of intense debates over relationships between labour market flexibility, wages and unemployment. However, we have little information about their levels and structure. Using a new theoretical model of the impact of hiring and firing costs, together with information from a large-scale survey of Australian firms, this project quantifies their impacts on wages and unemployment. Better infor ....The Impact of Hiring and Firing Costs on Wages and Unemployment. Hiring and firing costs are a crucial part of intense debates over relationships between labour market flexibility, wages and unemployment. However, we have little information about their levels and structure. Using a new theoretical model of the impact of hiring and firing costs, together with information from a large-scale survey of Australian firms, this project quantifies their impacts on wages and unemployment. Better information about these impacts will contribute to current policy on training, unfair dismissal laws, and regulation of overtime. Efficiency gains from better policy will be a major national benefit, together with improved prospects for unemployed Australians.Read moreRead less
The Demand for Older Workers: Technology, Skill and Employment Opportunities. "Productive ageing" policies are central to Australia's strategies for the governance of population ageing. But little is known about the determinants of firms' demand for older workers. By uncovering the impact that technological change has on firms' hiring and training decisions, this study will critically complement our understanding of older workers' constrained employment opportunities. In so doing it seeks to inf ....The Demand for Older Workers: Technology, Skill and Employment Opportunities. "Productive ageing" policies are central to Australia's strategies for the governance of population ageing. But little is known about the determinants of firms' demand for older workers. By uncovering the impact that technological change has on firms' hiring and training decisions, this study will critically complement our understanding of older workers' constrained employment opportunities. In so doing it seeks to inform the long-term policy debate on how best to adjust our economy to the current major demographic and technological development. Its outcomes will be of interest and use to policy makers, industry, advocacy groups, unions and the wider community.
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