The Wealth and Asset Holdings of Native- and Foreign-born Australian Families. The national/community benefits of this project are twofold. First, understanding net worth, portfolio allocation, and wealth accumulation is central to a number of Australian policy debates. Our ability to lessen the budget pressures caused by population aging will rest on finding incentives for families to accumulate more personal wealth, while the ability of immigration to solve this budget problem rests on determi ....The Wealth and Asset Holdings of Native- and Foreign-born Australian Families. The national/community benefits of this project are twofold. First, understanding net worth, portfolio allocation, and wealth accumulation is central to a number of Australian policy debates. Our ability to lessen the budget pressures caused by population aging will rest on finding incentives for families to accumulate more personal wealth, while the ability of immigration to solve this budget problem rests on determining whether foreign- and native-born families accumulate wealth in the same way. Second, this project allows Australia to make a unique contribution to the international evidence on the relationship between race, ethnicity, and nativity and economic well being. Read moreRead less
Policy-Related Lessons from the Econometric Analysis of Life Satisfaction Data in Australia. Our analyses will provide important information to policy-makers aiming to design policies that improve Australia's economic and social fabric. In particular, we will inform on the response of Australians to major life-events such as unemployment, ill-health or marital dissolution, but also exogenous shocks including drought and terrorism. Major focus will be on differentiating the determinants of life s ....Policy-Related Lessons from the Econometric Analysis of Life Satisfaction Data in Australia. Our analyses will provide important information to policy-makers aiming to design policies that improve Australia's economic and social fabric. In particular, we will inform on the response of Australians to major life-events such as unemployment, ill-health or marital dissolution, but also exogenous shocks including drought and terrorism. Major focus will be on differentiating the determinants of life satisfaction between rural and urban communities in Australia, and investigating the response of these communities to drought conditions. Moreover, we believe that a detailed international comparison using German and UK data will provide unique evidence on the relative quality of life in Australia and the role of culture and institutions. Read moreRead less
Work-related Training in Australia. The proposal will improve our understanding of the relationship between work-related training and wage formation, wage growth and inequality in Australia. It will contribute to a better-informed public debate about how to make Australia a knowledge-based economy and will ultimately improve economic policies that are relevant to skills acquisition. This has the potential to have a significant impact on the economic well-being and quality of life of many individ ....Work-related Training in Australia. The proposal will improve our understanding of the relationship between work-related training and wage formation, wage growth and inequality in Australia. It will contribute to a better-informed public debate about how to make Australia a knowledge-based economy and will ultimately improve economic policies that are relevant to skills acquisition. This has the potential to have a significant impact on the economic well-being and quality of life of many individuals and households in the economy, thereby contributing to the National Research Priorities, especially 'Strengthening Australia's Social and Economic Fabric'. Read moreRead less
Private Wealth Accumulation, Wealth Distribution, and Social Welfare Reform in Urban China. During the 1990s, when the Chinese urban labour market and social security reforms accelerated, average urban household wealth increased more than three fold and the distribution of wealth widened. We will document this significant change and examine its relationship to past and future social welfare reform. This project will:
· Be the first study of wealth accumulation and distribution in China over th ....Private Wealth Accumulation, Wealth Distribution, and Social Welfare Reform in Urban China. During the 1990s, when the Chinese urban labour market and social security reforms accelerated, average urban household wealth increased more than three fold and the distribution of wealth widened. We will document this significant change and examine its relationship to past and future social welfare reform. This project will:
· Be the first study of wealth accumulation and distribution in China over the 1990s.
· Add to our knowledge of the interrelationship between wealth accumulation, distribution and political power during economic transition.
· Contribute to a better design of a new social welfare system.
· Develop lessons and policy implications that will be broadly applicable to most transitional and developing economies.
The project will produce at least seven journal articles and one book.
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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
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
Lifetime Approach to Measuring Inequality in Living Standards in Australia . This project aims to develop a new methodology to study trends in inequality in Australia. It expects to advance the body of knowledge by measuring inequality in living standards over the whole lifetime and by identifying the role of the Australian fiscal system in redistributing lifetime resources across households and generations. This new approach would help clarify the potential bias embedded in commonly used inequa ....Lifetime Approach to Measuring Inequality in Living Standards in Australia . This project aims to develop a new methodology to study trends in inequality in Australia. It expects to advance the body of knowledge by measuring inequality in living standards over the whole lifetime and by identifying the role of the Australian fiscal system in redistributing lifetime resources across households and generations. This new approach would help clarify the potential bias embedded in commonly used inequality indicators based on current-year income. Its findings expect to provide new insights into how the gains from economic growth have been shared among Australians. It should also offer policy options for designing a better tax and transfer system that would sustain economic prosperity and fairness in 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
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.
Public Policy and Immigrant Settlement in Australia. The proposed research will assess the relative importance of labour market conditions, income-support policy, and immigrant selection criteria in facilitating the settlement of recent immigrants in Australia. The project will be the first major academic study to make use of the complete data from the Longitudinal Survey of Immigrants to Australia to compare two cohorts of recent immigrants who arrived under different policy settings and econom ....Public Policy and Immigrant Settlement in Australia. The proposed research will assess the relative importance of labour market conditions, income-support policy, and immigrant selection criteria in facilitating the settlement of recent immigrants in Australia. The project will be the first major academic study to make use of the complete data from the Longitudinal Survey of Immigrants to Australia to compare two cohorts of recent immigrants who arrived under different policy settings and economic conditions and whose initial settlement outcomes varied dramatically. The results will advance our understanding of how immigrants adjust to Australia and will be useful for future policy development.
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