The Role of the Family in Facilitating the Human Capital and Labour Market Investments of Young Australians. A nation's future lies in its young people, and society as a whole must take part in ensuring that today's youth acquire the skills, experience, and training necessary not only to cope, but to thrive. The proposed research will make a substantial step forward in understanding how families make decisions about supporting their young adult children and how those decisions are shaped by Aust ....The Role of the Family in Facilitating the Human Capital and Labour Market Investments of Young Australians. A nation's future lies in its young people, and society as a whole must take part in ensuring that today's youth acquire the skills, experience, and training necessary not only to cope, but to thrive. The proposed research will make a substantial step forward in understanding how families make decisions about supporting their young adult children and how those decisions are shaped by Australian social policy. The findings will inform social policy development by providing evidence on pressing issues such as the effects of rising house prices or weakening labour markets on young Australians' ability to invest in education.Read moreRead less
How do company announcements affect trading frequency in stocks? This project addresses the question of how financial markets respond to news by investigating how company announcements affect trading patterns in Australian banking stocks. Analysis will be based on new extensions to autoregressive conditional hazard (ACH) models, with research focussing on how to incorporate announcement variables into an ACH framework and how to modify standard ACH analysis to account for simultaneous transactio ....How do company announcements affect trading frequency in stocks? This project addresses the question of how financial markets respond to news by investigating how company announcements affect trading patterns in Australian banking stocks. Analysis will be based on new extensions to autoregressive conditional hazard (ACH) models, with research focussing on how to incorporate announcement variables into an ACH framework and how to modify standard ACH analysis to account for simultaneous transactions, market frictions and spillover effects. The results of this research will assist government and companies in choosing announcement times, aid traders in portfolio adjustment and will lead to a better understanding of the microstructure of Australian stock markets.Read moreRead less
Regulating Autologous Stem Cell Therapies in Australia. This project aims to develop an ethical and regulatory framework for the use of autologous adult stem cell therapies in Australia. These therapies are increasingly being offered to patients for diseases and conditions that lack scientific evidence of safety and efficacy. This study aims to address this problem using a mixed methods approach to generate empirical data and theoretical, ethical and legal insights that will guide the responsibl ....Regulating Autologous Stem Cell Therapies in Australia. This project aims to develop an ethical and regulatory framework for the use of autologous adult stem cell therapies in Australia. These therapies are increasingly being offered to patients for diseases and conditions that lack scientific evidence of safety and efficacy. This study aims to address this problem using a mixed methods approach to generate empirical data and theoretical, ethical and legal insights that will guide the responsible development, translation and regulation of innovative stem cell therapies in Australia and internationally. Anticipated outcomes will improve patient advocacy and public knowledge about adult stem cell therapies, and facilitate better relationships between patients, researchers and clinicians.Read moreRead less
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
The Structure of Moral Reasoning: Hume, Kant and the Evidence from Psychopathology and Neuroscience. What can moral philosophers hope to learn from the sciences of the mind? Recent work on the disorders of autism and psychopathy, has promised to reshape a longstanding philosophical debate between Kantians and Humeans on the role of empathy (sympathy) in moral thinking. This project will draw out the implications of a range of neuroscientific findings for key questions in moral theory and also co ....The Structure of Moral Reasoning: Hume, Kant and the Evidence from Psychopathology and Neuroscience. What can moral philosophers hope to learn from the sciences of the mind? Recent work on the disorders of autism and psychopathy, has promised to reshape a longstanding philosophical debate between Kantians and Humeans on the role of empathy (sympathy) in moral thinking. This project will draw out the implications of a range of neuroscientific findings for key questions in moral theory and also consider how the normative and conceptual claims made by such theories, about what must be true of a moral judgment, are connected to descriptive claims about the psychology of the moral agents who make them.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
Economic Modelling of the Nurses' Labour Market in Australia. Nurses play an important role in the health system and help to ensure individuals lead healthier, happier and more productive lives. Devising cost-effective policies to ensure an adequate supply of motivated and productive nurses is crucial in achieving efficiency and equity in the health care system. The results will be used by government to help set optimal pay and conditions for nurses, and to ensure that these are competitive with ....Economic Modelling of the Nurses' Labour Market in Australia. Nurses play an important role in the health system and help to ensure individuals lead healthier, happier and more productive lives. Devising cost-effective policies to ensure an adequate supply of motivated and productive nurses is crucial in achieving efficiency and equity in the health care system. The results will be used by government to help set optimal pay and conditions for nurses, and to ensure that these are competitive with other nurse employers. This will provide a firm evidence-base to reduce nurse shortages and therefore increase the quality of patient care in Australia.Read moreRead less
Australia's Resilience to Recession. This project aims to study why Australia differs from its OECD peers in that it has not had a recession for 27 years. It intends to generate knowledge by using economic models to solve 3 puzzles relating to Australia’s success: (i) why did foreign financial market shocks not spill over to the economy?; (ii) how has the resource curse that affects economies with a booming resource sector been avoided?; and (iii) what makes Australia special? Expected outcomes ....Australia's Resilience to Recession. This project aims to study why Australia differs from its OECD peers in that it has not had a recession for 27 years. It intends to generate knowledge by using economic models to solve 3 puzzles relating to Australia’s success: (i) why did foreign financial market shocks not spill over to the economy?; (ii) how has the resource curse that affects economies with a booming resource sector been avoided?; and (iii) what makes Australia special? Expected outcomes include the development of theoretical and empirical models that reflect the unique features of the Australian economy. This should provide significant benefits, including guidance to Australian and international policymakers on macroeconomic policies for resource-rich countries.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
Inference in partially non-stationary time series models. Economic theories typically specify the long-run relationship between economic variables. However, researchers usually examine the long-run features of the data by fitting a restrictive class of models using criteria that have only proven useful for short-term forecasting. In this project we consider alternative models and modelling strategies that are appropriate for the study of the long-run. We also develop computer intensive (bootstra ....Inference in partially non-stationary time series models. Economic theories typically specify the long-run relationship between economic variables. However, researchers usually examine the long-run features of the data by fitting a restrictive class of models using criteria that have only proven useful for short-term forecasting. In this project we consider alternative models and modelling strategies that are appropriate for the study of the long-run. We also develop computer intensive (bootstrap) methods, which will provide a much-needed improvement over the existing (asymptotic) methods for making inference about the long-run. Our research will lead to more reliable models for long-term planning in business, industry and government.Read moreRead less