Inequality, Prosperity and the Australian Welfare State. This project aims to clarify contested understandings of Australian inequality and the role of economic and social policies in addressing policy challenges going forward. The objective of the project is to generate significantly improved knowledge of inequality in Australia using innovative approaches of data splicing, decomposition, simulation and backcasting to fill research gaps and resolve contested interpretations. We aim to provide a ....Inequality, Prosperity and the Australian Welfare State. This project aims to clarify contested understandings of Australian inequality and the role of economic and social policies in addressing policy challenges going forward. The objective of the project is to generate significantly improved knowledge of inequality in Australia using innovative approaches of data splicing, decomposition, simulation and backcasting to fill research gaps and resolve contested interpretations. We aim to provide a benchmark and robust framework against which policy development after the current crisis can be evaluated. This project aims to provide significant benefits, keeping Australia at the forefront of research on inequality and public policy, strengthening links between researchers and policy makers.
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Child poverty, labour markets and social transfers. This project aims to discover how earnings and social transfers determine the living standards of disadvantaged families with children, and the constraints that wage rates and employment patterns place on social transfer structures. This project will compare the family incomes of disadvantaged children and how the interaction of wage rates, employment and social policies affect them. It will compare Australian outcomes to those in OECD and midd ....Child poverty, labour markets and social transfers. This project aims to discover how earnings and social transfers determine the living standards of disadvantaged families with children, and the constraints that wage rates and employment patterns place on social transfer structures. This project will compare the family incomes of disadvantaged children and how the interaction of wage rates, employment and social policies affect them. It will compare Australian outcomes to those in OECD and middle income countries. This project expects to understand which labour market and social policies combine to lead to the best economic outcomes for disadvantaged families and children.Read moreRead less
Special Research Initiatives - Grant ID: SR200200443
Funder
Australian Research Council
Funding Amount
$241,000.00
Summary
Inequality in Australia: Housing in the Asset Society. The project addresses the role of housing in growing inequalities of wealth in Australia in an era when housing prices have risen faster than wages. It will generate new knowledge about 1) the institutional drivers that have led to a combination of house price appreciation and wage stagnation and 2) the role that intergenerational housing-based wealth transfers are playing in shaping the life chances and trajectories of young people. An expe ....Inequality in Australia: Housing in the Asset Society. The project addresses the role of housing in growing inequalities of wealth in Australia in an era when housing prices have risen faster than wages. It will generate new knowledge about 1) the institutional drivers that have led to a combination of house price appreciation and wage stagnation and 2) the role that intergenerational housing-based wealth transfers are playing in shaping the life chances and trajectories of young people. An expected outcome will be a model of social stratification that takes full account of household asset positions. The findings of the project will provide benefits to organisations seeking practical policy options for addressing growing wealth inequality and for enhancing social cohesion in Australia.Read moreRead less
Monetary policy, redistribution and endogenous asset market incompleteness. This project aims to provide a new framework for modelling agent heterogeneity and for evaluating the effects of monetary policy on aggregate welfare and wealth distribution over the business cycle. This project will focus on monetary policy, using new quantitative theories with new efficient computational methods, to understand and quantify links between monetary policy the dynamics of aggregate outcomes (such as inflat ....Monetary policy, redistribution and endogenous asset market incompleteness. This project aims to provide a new framework for modelling agent heterogeneity and for evaluating the effects of monetary policy on aggregate welfare and wealth distribution over the business cycle. This project will focus on monetary policy, using new quantitative theories with new efficient computational methods, to understand and quantify links between monetary policy the dynamics of aggregate outcomes (such as inflation or employment), and the distribution of individual wealth (such as money, capital and housing).Read moreRead less
Policy Modelling for Ageing in Emerging Economies: The Case of Indonesia. This project, in collaboration with the World Bank and the Indonesian Planning Authority, will support major social and economic policy development in a rapidly ageing region. It will break new ground by developing a cutting-edge economic policy model reflecting salient features of ageing in emerging economies, taking into account the wider implications for education, employment, formalisation, growth, and retirement. It w ....Policy Modelling for Ageing in Emerging Economies: The Case of Indonesia. This project, in collaboration with the World Bank and the Indonesian Planning Authority, will support major social and economic policy development in a rapidly ageing region. It will break new ground by developing a cutting-edge economic policy model reflecting salient features of ageing in emerging economies, taking into account the wider implications for education, employment, formalisation, growth, and retirement. It will bring the armoury of policy analysis instruments available to these countries up to the standard now enjoyed by the developed world. Indonesia, on the brink of major pension reform, will be used as a test bed. Data sets will be developed to allow the model structure to be applied to other emerging economies in Asia. Read moreRead less
Inequality, Trade, and Technology. This project aims to improve our understanding of the causes of rising income inequality in the world economy and in Australia since the early 1980s. We focus on the increasing building costs and imports of machinery as significant contributors to the increasing inequality. We hypothesize 1) that the increasing costs of buildings have reduced the demand for workers that are complementary to non-residential building capital; thus, reducing real wages; and 2) tha ....Inequality, Trade, and Technology. This project aims to improve our understanding of the causes of rising income inequality in the world economy and in Australia since the early 1980s. We focus on the increasing building costs and imports of machinery as significant contributors to the increasing inequality. We hypothesize 1) that the increasing costs of buildings have reduced the demand for workers that are complementary to non-residential building capital; thus, reducing real wages; and 2) that the marked increase in imports of machinery since the 1960s has reduced the demand for unskilled labour and widened the employment and wage gap between skilled and unskilled labour. Both factors may have driven the increasing inequality in Australia.
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Automation and Income Inequality: Macroeconomic Policy Implications. The transition to wider use of robotics and artificial intelligence may eventually make our citizens better off, yet effects on domestic income and wealth inequality remain uncertain, depending strongly on general governance and macroeconomic policy regimes. This project would help clarify income inequality effects, both abroad and in Australia, through (i) new numerical theory from calibrated economic models at the global and ....Automation and Income Inequality: Macroeconomic Policy Implications. The transition to wider use of robotics and artificial intelligence may eventually make our citizens better off, yet effects on domestic income and wealth inequality remain uncertain, depending strongly on general governance and macroeconomic policy regimes. This project would help clarify income inequality effects, both abroad and in Australia, through (i) new numerical theory from calibrated economic models at the global and national levels; (ii) econometric testing of results from global and national data; (iii) the use of emerging insights to analyse economic policy responses and their global interaction as well as the implications for Australian economic policyRead moreRead less
Home ownership and housing wealth: ageing and intergenerational pathways. This project plans to fill major research gaps by delivering new evidence on the drivers of intergenerational housing wealth inequality. It aims to generate new knowledge on the ways in which baby boomers manage housing wealth, and shed light on their experiences of using wealth transfers to improve their children’s housing outcomes. The project offers innovative cross-national analyses that should produce internationally ....Home ownership and housing wealth: ageing and intergenerational pathways. This project plans to fill major research gaps by delivering new evidence on the drivers of intergenerational housing wealth inequality. It aims to generate new knowledge on the ways in which baby boomers manage housing wealth, and shed light on their experiences of using wealth transfers to improve their children’s housing outcomes. The project offers innovative cross-national analyses that should produce internationally relevant findings and foster collaborations on a significant scale. It is expected to provide major national benefits by promoting a shift away from short-term policy planning that unintentionally set generations against each other towards a more holistic policy perspective that meet the needs of co-existing generations.Read moreRead less
Inequality of health, wealth and education in China. This project aims to examine whether China’s recent increase in income inequality is associated with increased inequalities in other well-being related outcomes: health, education and wealth. It also aims to identify the factors associated with increases in inequalities. Significant increases in income and wealth inequality could have detrimental effects on economic and political stability. The expected outcomes from this project will help to ....Inequality of health, wealth and education in China. This project aims to examine whether China’s recent increase in income inequality is associated with increased inequalities in other well-being related outcomes: health, education and wealth. It also aims to identify the factors associated with increases in inequalities. Significant increases in income and wealth inequality could have detrimental effects on economic and political stability. The expected outcomes from this project will help to identify policies useful in addressing inequalities and enhancing stability within Australia's important trading partner.Read moreRead less
Econometric methods for distributional policy effects. This project aims to develop new econometric methods that can measure distributional policy effects by accounting for heterogeneous policy impacts among observationally equivalent individuals. The project expects to develop quantile regression methods under a difference-in-differences framework that accommodates issues of censoring and sample selection. The outcomes of this project are expected to substantially broaden the scope of the stand ....Econometric methods for distributional policy effects. This project aims to develop new econometric methods that can measure distributional policy effects by accounting for heterogeneous policy impacts among observationally equivalent individuals. The project expects to develop quantile regression methods under a difference-in-differences framework that accommodates issues of censoring and sample selection. The outcomes of this project are expected to substantially broaden the scope of the standard mean difference-in-differences approach and have significant contributions to empirical studies in the future. The project intends to provide statistically valid inferential procedures and conduct simulation exercise and empirical studies relevant to policy evaluation for the benefit of Australia and other jurisdictions.Read moreRead less