Honesty and efficiency in the provision of expert services: doctors and other experts as participants in economic experiments. Experts serve us when we see the doctor, the financial planner or the car mechanic. In all these case the expert can take advantage of his superior knowledge and sell us something we do not need. This research will inform policy makers about the underlying motives of real world experts and allow them to design better institutions.
Discovery Early Career Researcher Award - Grant ID: DE170100829
Funder
Australian Research Council
Funding Amount
$353,000.00
Summary
The effects of parental education on child health outcomes. This project aims to understand how public education policies can improve health. Common economic analysis of returns to education fails to capture the critical secondary beneficial effects of parental education on future generations’ health. These positive effects are systematically undercounted in the cost-benefit analysis of Australia’s investment in education. This project will use Australian datasets and natural experiments to iden ....The effects of parental education on child health outcomes. This project aims to understand how public education policies can improve health. Common economic analysis of returns to education fails to capture the critical secondary beneficial effects of parental education on future generations’ health. These positive effects are systematically undercounted in the cost-benefit analysis of Australia’s investment in education. This project will use Australian datasets and natural experiments to identify how parental education affects the health outcomes of the second generation. This project expects to provide policy recommendations to maximise health, wellbeing and economic outcomes for Australia.Read moreRead less
Understanding and overcoming confusion in consumer financial decisions. This project aims to develop consumer-centred approaches to reducing the harmful effects of confusion in financial decisions by studying superannuation investment and home loan decisions where confused choices are individually and collectively costly. The project intends to develop comprehensive models to capture the full complexity of financial products and the diverse preferences and capability of consumers, then to use ad ....Understanding and overcoming confusion in consumer financial decisions. This project aims to develop consumer-centred approaches to reducing the harmful effects of confusion in financial decisions by studying superannuation investment and home loan decisions where confused choices are individually and collectively costly. The project intends to develop comprehensive models to capture the full complexity of financial products and the diverse preferences and capability of consumers, then to use advanced statistical methods to estimate the benefits of clearer decision-making. The outcomes of this project includes new models of complex financial decisions, and a better understanding of where confusion arises and the effects it may have. Decreased confusion will raise financial well-being and help communities become more resilient to financial shocks.Read moreRead less
Improving external validity of stated choice experiments. This project aims to deliver more accurate estimates of choice behaviour by reducing biases due to choice task complexity in surveys as well as design artefacts. Extracting 'true' preferences is challenging, not only due to possible hypothetical bias, but also due to increasingly complex choice tasks and the existence of design artefacts. This project will investigate the latter two in the context of marketing, transport, health, and envi ....Improving external validity of stated choice experiments. This project aims to deliver more accurate estimates of choice behaviour by reducing biases due to choice task complexity in surveys as well as design artefacts. Extracting 'true' preferences is challenging, not only due to possible hypothetical bias, but also due to increasingly complex choice tasks and the existence of design artefacts. This project will investigate the latter two in the context of marketing, transport, health, and environmental economics, and proposes new methodologies to extract preferences that more closely reflect true behaviour in real markets.Read moreRead less
The impact of income support design on the outcomes of children and youth. This project aims to assess how children from low-income families are affected by welfare policy design in Australia – specifically, by policy intended to influence welfare payment receipt and workforce participation of their parent(s). Causal impacts of policy design on children will be identified and evaluated using unique administrative and survey data, and treating recent welfare reforms in Australia as natural experi ....The impact of income support design on the outcomes of children and youth. This project aims to assess how children from low-income families are affected by welfare policy design in Australia – specifically, by policy intended to influence welfare payment receipt and workforce participation of their parent(s). Causal impacts of policy design on children will be identified and evaluated using unique administrative and survey data, and treating recent welfare reforms in Australia as natural experiments.. This will be the first comprehensive Australian analysis of intergenerational impacts of welfare policy design.Read moreRead less
Intergenerational Disadvantage: Causes, Pathways, and Consequences. This Project aims to prevent poor Australian children from becoming poor adults by developing scientific evidence and creative policy approaches to overcome entrenched disadvantage. The Project will generate new knowledge on how social assistance dependence is linked across generations using new Australian data. Expected outcomes are the identification of i) the causal link between parents’ and children’s social assistance depen ....Intergenerational Disadvantage: Causes, Pathways, and Consequences. This Project aims to prevent poor Australian children from becoming poor adults by developing scientific evidence and creative policy approaches to overcome entrenched disadvantage. The Project will generate new knowledge on how social assistance dependence is linked across generations using new Australian data. Expected outcomes are the identification of i) the causal link between parents’ and children’s social assistance dependence; ii) the pathways through which youths overcome disadvantage; and iii) the role of family structure in transmitting disadvantage. Transforming the evidence base, the findings will have significant benefits in redesigning the Australian social safety net, promoting social and economic mobility.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE220100663
Funder
Australian Research Council
Funding Amount
$440,850.00
Summary
The Real Price of Health: Experiences of Out-of-Pocket Costs in Australia. This project aims to investigate the experiences and preferences of Australian families and individuals on low, middle, and high incomes in managing the out-of-pocket costs of chronic disease. This project aspires to ensure outcomes that are relevant to the public and patients through involving people living with chronic disease in the research team. The project expects to generate a discrete choice model that describes p ....The Real Price of Health: Experiences of Out-of-Pocket Costs in Australia. This project aims to investigate the experiences and preferences of Australian families and individuals on low, middle, and high incomes in managing the out-of-pocket costs of chronic disease. This project aspires to ensure outcomes that are relevant to the public and patients through involving people living with chronic disease in the research team. The project expects to generate a discrete choice model that describes people with chronic diseases’ preferences, and the trade-offs that they are faced with when deciding how to manage out-of-pocket health costs. The evidence arising from this innovative study will be used to directly inform Australian health policy, leading to wide-ranging health and economic benefits for the whole community.Read moreRead less
Rethinking diversity and inclusion practices in leadership roles. This project aims to study the lack of racial and gender diversity in management and leadership roles. The noticeable imbalances question the functioning of the meritocracy principle and may lead to organisational and social vulnerabilities. This project will apply large-scale field experiments with major organisations to investigate how workplace diversity and inclusion can be improved using as foundation economic theories of sig ....Rethinking diversity and inclusion practices in leadership roles. This project aims to study the lack of racial and gender diversity in management and leadership roles. The noticeable imbalances question the functioning of the meritocracy principle and may lead to organisational and social vulnerabilities. This project will apply large-scale field experiments with major organisations to investigate how workplace diversity and inclusion can be improved using as foundation economic theories of signaling, discrimination, fairness, and identity. The expected outcome is the identification of best diversity and inclusion practice in attraction, hiring, development and retention. This will provide significant benefit through an increase in workplace diversity.
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Financial decision making in late adulthood. The project aims to examine links between cognitive changes and financial decision-making in late adulthood and also to assess the preparedness of the elderly to combat financial risks due to age-related cognitive decline. Further, it intends to examine how age, education, wealth, health, and other environmental factors influence transfer of financial decision-making responsibilities to spouses or others. It is expected that the research will provide ....Financial decision making in late adulthood. The project aims to examine links between cognitive changes and financial decision-making in late adulthood and also to assess the preparedness of the elderly to combat financial risks due to age-related cognitive decline. Further, it intends to examine how age, education, wealth, health, and other environmental factors influence transfer of financial decision-making responsibilities to spouses or others. It is expected that the research will provide a greater understanding of how cognitive functioning and other factors affect older adults’ financial capacity and willingness to delegate decision-making responsibilities. This understanding could be used to inform policy initiatives to protect elderly individuals and their family members from the risk of financial mismanagement.Read moreRead less
Problem Gambling: effects on families, children and spouses. This project aims to produce evidence that can be used to address problem gambling in Australia. Problem gambling is a major issue, costing Australians over $4.7 billion per year. Better understanding of problem gambling and better policy coming from our project have the potential to significantly improve the lives of Australians--their labour market performance, their mental health and the quality of their relationships. This proj ....Problem Gambling: effects on families, children and spouses. This project aims to produce evidence that can be used to address problem gambling in Australia. Problem gambling is a major issue, costing Australians over $4.7 billion per year. Better understanding of problem gambling and better policy coming from our project have the potential to significantly improve the lives of Australians--their labour market performance, their mental health and the quality of their relationships. This project will generate new knowledge by using a novel approach where problem gamblers are considered in the context of their families. Using quantitative data over more than 10 years, this project seeks to produce new evidence about how problem gamblers affect their families and how families help or harm gamblers.Read moreRead less