Improving Choice Models: Multiple Goal Pursuit and Multi-Stage Decision Processes. This project aims to develop new econometric models of choice behaviour that recognise individuals adopt “how to decide” strategies when choosing between alternatives. Existing models simplistically assume that people evaluate all goods and choose the best of them, when in fact they ignore some goods, select what information is relevant, pursue multiple goals, and otherwise deviate from the assumptions commonly ma ....Improving Choice Models: Multiple Goal Pursuit and Multi-Stage Decision Processes. This project aims to develop new econometric models of choice behaviour that recognise individuals adopt “how to decide” strategies when choosing between alternatives. Existing models simplistically assume that people evaluate all goods and choose the best of them, when in fact they ignore some goods, select what information is relevant, pursue multiple goals, and otherwise deviate from the assumptions commonly made in econometric models. Filling in this significant gap in the choice modelling literature constitutes a significant contribution to improving our understanding of human decision making and policy analysis in every area of human endeavour.Read moreRead less
Accounting for preference seperability in stated choice experiments. This project aims to unite three separate streams of applied economic research into a single framework in order to develop a micro-economically consistent framework for demand forecasting and analysis. Forecasting demand to improve product performance or policy impacts requires realistic representations of how humans actually make choices. Combining theories of preference separability with recent developments in both activity a ....Accounting for preference seperability in stated choice experiments. This project aims to unite three separate streams of applied economic research into a single framework in order to develop a micro-economically consistent framework for demand forecasting and analysis. Forecasting demand to improve product performance or policy impacts requires realistic representations of how humans actually make choices. Combining theories of preference separability with recent developments in both activity and time use modelling and stated choice techniques, the project plans to develop new insights into consumer equilibrium as well as new econometric methods to test for the assumption of preference separability. Project outcomes would lead to an improved understanding of consumer behaviour as well as demand forecasting, with benefits to studies involving the need for benefit cost comparisons.Read moreRead less
Big data: implications for competition, privacy and regulation. This project aims to provide economic analyses of the costs and benefits of business strategies driven by consumer data, while considering consumers’ privacy concerns. This is highly relevant and timely given the vast amount of consumer data collected, shared and used in the digital era. Expected outcomes include better understanding of how data may lead to market power and how to safeguard against abuse of market power and privacy ....Big data: implications for competition, privacy and regulation. This project aims to provide economic analyses of the costs and benefits of business strategies driven by consumer data, while considering consumers’ privacy concerns. This is highly relevant and timely given the vast amount of consumer data collected, shared and used in the digital era. Expected outcomes include better understanding of how data may lead to market power and how to safeguard against abuse of market power and privacy breach. This project should make significant contributions to the nascent academic research and policy discussions in this area. This should also place Australia at the forefront of international scientific community and policy circle on the regulation of data-driven business strategies and privacy regulation. Read moreRead less
The demand and supply of retirement provision. Population and a shrinking public sector mean increasing self-provision for retirement. This project examines various aspects of private retirement provision, focussing on both demand and supply in the retirement income industry. It will analyse institutional features of markets, pension funds and policy structures, and their implications for saving and investment behaviour, life-long financial strategies, efficient resource allocation, and retireme ....The demand and supply of retirement provision. Population and a shrinking public sector mean increasing self-provision for retirement. This project examines various aspects of private retirement provision, focussing on both demand and supply in the retirement income industry. It will analyse institutional features of markets, pension funds and policy structures, and their implications for saving and investment behaviour, life-long financial strategies, efficient resource allocation, and retirement income adequacy. Specially emphasised will be: the role of housing as a retirement asset; the impact of governance structure on pension fund administration; and firm technology and employer-sponsored pension plans. Empirical research will embrace Australia, Japan and the US, allowing international comparison.Read moreRead less
Private Responses to Demographic Change and Pension Reform in Urban China. Social, economic, and political stability in China is important for Australia and its business community due to the sheer size of China and its market. The rapid aging and significant social welfare reform is a potential instability source. This project contributes to the improvement of policy making in this area, which will enhance China's long term stability. This study provides detailed information on Chinese household ....Private Responses to Demographic Change and Pension Reform in Urban China. Social, economic, and political stability in China is important for Australia and its business community due to the sheer size of China and its market. The rapid aging and significant social welfare reform is a potential instability source. This project contributes to the improvement of policy making in this area, which will enhance China's long term stability. This study provides detailed information on Chinese household behaviour in pension financing, which may be helpful to the Australian business sector in making judgments on important economic relationships in the Chinese insurance market. Australia is also facing a changing age structure and seeking financial solutions. Our study may feed into improved research in this area.Read moreRead less
Scientist career path: An explorative analysis. This project aims to uncover important insights into scientists, their interactions, and their career dynamics, seeking to understand scientific success and scientific innovations by understanding scientists themselves. The project will generate the largest data set on scientists ever collected and analysed, resulting in new knowledge into the mechanisms underlying scientific progress and innovation; scientists’ resilience and adaptation to positiv ....Scientist career path: An explorative analysis. This project aims to uncover important insights into scientists, their interactions, and their career dynamics, seeking to understand scientific success and scientific innovations by understanding scientists themselves. The project will generate the largest data set on scientists ever collected and analysed, resulting in new knowledge into the mechanisms underlying scientific progress and innovation; scientists’ resilience and adaptation to positive and negative life shocks or environmental changes; their pattern of collaboration and cooperation; and their creative development. The project will provide significant benefits to universities and policy makers in fulfilling their role of creating and disseminating new knowledge.Read moreRead less
Commodity booms and busts: Implications for the Australian economy. In 2007-08 the share of mining in Australia's Gross Domestic Product (GDP) was the highest for at least four decades and mining investment had more than doubled over the previous four years, now accounting for one-quarter of all private investment. This, and accompanying surges in employment and economic growth, came courtesy of a spectacular surge in global mineral, energy and agricultural commodity prices. Controversy still ....Commodity booms and busts: Implications for the Australian economy. In 2007-08 the share of mining in Australia's Gross Domestic Product (GDP) was the highest for at least four decades and mining investment had more than doubled over the previous four years, now accounting for one-quarter of all private investment. This, and accompanying surges in employment and economic growth, came courtesy of a spectacular surge in global mineral, energy and agricultural commodity prices. Controversy still surrounds the causes of the most recent and previous commodity booms and busts. The results from this proposed project would aid policy making and business decisions in commodity sectors, particularly with respect to the roles of supply-side constraints and the approval processes for new Australian resource development projects.Read moreRead less
The economics of filial informal care: future trends and directions for policy supports. This project examines the family decision on informal care and living arrangements, it aims to make constructive policy suggestions in order to promote the healthy life of elderly people, support more productive and fulfilling lives of adult children with elderly parents and fortify supportive family structures.
Low Skill Workers in Australia. This project will describe and analyse determinants of labour market outcomes for low-skill workers in Australia. The main themes are to examine effects of business cycle influences, training programs, and the experience of retrenchment, on earnings and employment outcomes for low skill labour force participants. With the Australian Bureau of Statistics as an Industry Partner - providing access to data and guidance otherwise unavailable - the project can make a ....Low Skill Workers in Australia. This project will describe and analyse determinants of labour market outcomes for low-skill workers in Australia. The main themes are to examine effects of business cycle influences, training programs, and the experience of retrenchment, on earnings and employment outcomes for low skill labour force participants. With the Australian Bureau of Statistics as an Industry Partner - providing access to data and guidance otherwise unavailable - the project can make a highly original contribution to understanding key determinants of labour market performance of low skill workers. That enhanced understanding will improve knowledge of how to design public policy to assist those workers. Read moreRead less
Youth in Australia: Education and Work. This project examines, in an integrated way, the education decisions, transition from school to work, and the early labour market experience of youth from 1975 to the present time. The recent emphasis on Australia as a Knowledge Nation and a New Economy indicates that study of education decisions is a high priority. Similarly, pathways from school to work and the cumulative disadvantage that many youth experience in the labour market are leading contempo ....Youth in Australia: Education and Work. This project examines, in an integrated way, the education decisions, transition from school to work, and the early labour market experience of youth from 1975 to the present time. The recent emphasis on Australia as a Knowledge Nation and a New Economy indicates that study of education decisions is a high priority. Similarly, pathways from school to work and the cumulative disadvantage that many youth experience in the labour market are leading contemporary economic and social issues. The project is expected to yield insights into the determinants of educational attainment, best pathways and the channels of influence on labour market success and failure that will be policy relevant and publishable in refereed journals.Read moreRead less