{"title":"Local House Price Effects of Internal Migration in Queensland: Australia's Interstate Migration Capital","authors":"Isil Erol, Umut Unal","doi":"10.1111/1467-8462.12512","DOIUrl":"10.1111/1467-8462.12512","url":null,"abstract":"<p>We examine the causal impact of internal migration on housing prices across 82 Statistical Areas Level 3 regions in Queensland, Australia from 2014–2019. The primary findings are: (i) an annual increase in the inflow of migrants equal to 1 per cent of a region's initial population leads to a 0.6 to 0.7 per cent annual increase in Queensland's house prices across different empirical specifications; (ii) this effect differs between the Greater Brisbane metropolitan area and Rest of State areas; (iii) migration from New South Wales fails to produce a significant influence on house price growth in Queensland.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"308-327"},"PeriodicalIF":1.0,"publicationDate":"2023-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43841562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Why we should increase Rent Assistance","authors":"Bruce Bradbury","doi":"10.1111/1467-8462.12519","DOIUrl":"10.1111/1467-8462.12519","url":null,"abstract":"<p>While the 2023–24 Budget saw the first real increase in rent assistance in Australia since 1990, this was small compared to the growth in real incomes over the three decades. Rapid increases in advertised rents, and expectations that these will flow through to average rents, make an increase in this payment all the more urgent. This article reviews the arguments for and against providing rent assistance to income support recipients in Australia and argues for a serious consideration of the 2010 recommendations of the <i>Report into Australia's Future Tax System</i> for a substantial increase in this payment.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"249-254"},"PeriodicalIF":1.0,"publicationDate":"2023-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12519","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48023387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reforming the Private Rental Sector: Challenges in the 2020s and Beyond","authors":"Kath Hulse, Zoë Goodall","doi":"10.1111/1467-8462.12518","DOIUrl":"https://doi.org/10.1111/1467-8462.12518","url":null,"abstract":"<p>Researchers, policy-makers and the media all highlight a crisis in the Australian private rental sector. Often, proposed rental reforms that centre tenants are claimed to cause property owner disinvestment and have a negative impact on the rental market. Recent research which we co-authored found these claims are not substantiated by evidence. In this article, we argue that further reforms are needed to improve the functioning of the rental market for tenants. We examine some of the most contentious issues in rental regulation and assess the evidence of their impacts, drawing from our own research as well as that of others.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"240-248"},"PeriodicalIF":1.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50125894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Alternatives to Paying Child Benefit to the Rich: Means-Testing or Higher Tax?","authors":"Ray Rees, Thor O. Thoresen, Trine E. Vattø","doi":"10.1111/1467-8462.12511","DOIUrl":"https://doi.org/10.1111/1467-8462.12511","url":null,"abstract":"<p><i>There appears to be a general movement away from universal child benefits and towards means-testing. In the present article we argue that instead of suppressing the labour supply of middle-income parents by withdrawing the transfer as a function of income, one should consider the alternative of financing a generous universal child benefit by increasing taxation of income. The implications of means-testing compared with a tax-financed universal alternative are discussed analytically in a piecewise linear schedule and by combining information from behavioural and non-behavioural micro-simulation models. Our results provide support for making child benefit universal instead of means-tested</i>.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 3","pages":"328-354"},"PeriodicalIF":1.0,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50143799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Volatile Mining Revenues and State Government Budget Decisions","authors":"John Freebairn, William Griffiths","doi":"10.1111/1467-8462.12510","DOIUrl":"10.1111/1467-8462.12510","url":null,"abstract":"<p><i>Mining royalties provide a volatile source of revenue for state governments in Australia. We explore the effects of changes in royalty revenue received by a state government on current-year budget decisions about expenditure, tax revenue and the budget surplus. The literature postulates different models for how lower-level government budget decisions respond to a revenue windfall from a higher level of government. Empirical evidence on these models over 1998–2019 provides strong evidence that over a half of a royalty windfall becomes a change in budget expenditure. Estimates of changes to tax revenues and the surplus are not definitive nor robust</i>.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"192-203"},"PeriodicalIF":1.0,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12510","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42560891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Yihui Lan, Ian W. Li, Zong Ken Chai, Kenneth W. Clements
{"title":"The Market for Economics and Finance PhDs","authors":"Yihui Lan, Ian W. Li, Zong Ken Chai, Kenneth W. Clements","doi":"10.1111/1467-8462.12509","DOIUrl":"10.1111/1467-8462.12509","url":null,"abstract":"<p>This paper presents new information about the post-graduation activities of those with a PhD in economics and finance from an Australian university. Approximately 40 per cent have an academic job, while the other 60 per cent work elsewhere or engage in other activities. The analysis includes origin‒destination networks for both the academic and non-academic markets, the determinants of earnings and measures of overqualification and underemployment. The findings of the paper can provide guidance for those completing or contemplating PhD studies.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"163-191"},"PeriodicalIF":1.0,"publicationDate":"2023-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12509","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42034877","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Australian Government COVID-19 Business Supports","authors":"Timothy Watson, Paul Buckingham","doi":"10.1111/1467-8462.12504","DOIUrl":"10.1111/1467-8462.12504","url":null,"abstract":"<p>This article documents the considerable economic support provided to businesses by the Australian Government in response to the COVID-19 pandemic. We find that measures were associated with higher levels of business profitability and savings, a strong recovery in payroll jobs and wages, and mixed effects with respect to business dynamism. We formally evaluate the SME Cashflow Boost, finding costs per job-year saved in the vicinity of $72–83,000 ($US51–59,000) over its first year, implying between 400 and 500,000 job-years saved over this period. Combined with results from previous studies, this suggests between 1.1 and 1.3 million job-years were saved by the SME Cashflow Boost and JobKeeper Payment over their respective first years post-announcement.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 1","pages":"124-140"},"PeriodicalIF":1.0,"publicationDate":"2023-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12504","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47861364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic Growth Theory and Natural Resource Constraints: A Stocktake and Critical Assessment","authors":"Robbie Maris, Mark Holmes","doi":"10.1111/1467-8462.12505","DOIUrl":"10.1111/1467-8462.12505","url":null,"abstract":"<p>Society is facing significant environmental challenges. The effects of climate change, biodiversity loss and environmental degradation are being increasingly felt worldwide. In recent years, researchers have attempted to adapt neoclassical and endogenous growth theory to account for constraints imposed by scarce natural resources. In this article, we review where, and how, researchers tend to incorporate natural resources and natural capital into growth theory. We then outline areas and questions that remain unanswered, including how novel impact investing and the eroding trade-off between GDP and the environment affect growth theory.</p>","PeriodicalId":46348,"journal":{"name":"Australian Economic Review","volume":"56 2","pages":"255-268"},"PeriodicalIF":1.0,"publicationDate":"2023-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-8462.12505","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46333199","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}