Economic RecordPub Date : 2026-03-17Epub Date: 2025-11-11DOI: 10.1111/1475-4932.70017
Yun So
{"title":"Geography of Growing Up: Mapping Childhood Location to Later Life Outcomes","authors":"Yun So","doi":"10.1111/1475-4932.70017","DOIUrl":"https://doi.org/10.1111/1475-4932.70017","url":null,"abstract":"<p>This paper examines the causal effects of neighbourhood improvement during childhood (1996–2006) on tertiary educational attainment and adult income, using longitudinal census and administrative data from New Zealand. To address residential self-selection, we restrict analysis to families who remained in the same location but experienced varying neighbourhood trajectories. Causal inference is implemented using Structural Nested Mean Models and Regression-with-Residuals, which adjust for time-varying confounding while preserving causal pathways. Treatment is defined as an improvement of at least two deciles on the New Zealand Deprivation Index (NZDep). We study two cohorts: children from moderately deprived areas (NZDep 6) and those from more severely deprived areas (NZDep 7). Neighbourhood improvement substantially increases tertiary attainment in both groups: by 17.8 percentage points in NZDep 6 and 23.3 points in NZDep 7. The gains are particularly pronounced for Māori and Pasifika children, who experience improvements at least as large as, and in some cases exceeding, the overall average, underscoring the potential for neighbourhood upgrading to reduce ethnic inequalities in educational attainment. Treatment effects on adult earnings are 22.1% for NZDep 6 (not statistically significant) and 32.0% for NZDep 7 (marginally significant, <i>P</i> < 0.10). This gradient is consistent with stronger neighbourhood effects at higher levels of baseline deprivation. Sensitivity analysis indicates that the neighbourhood effects are robust to unobserved confounding. In the more deprived cohort (NZDep 7), tertiary education accounts for approximately one-quarter of the earnings effect, highlighting education as a key mechanism. Overall, the findings provide credible evidence that childhood exposure to neighbourhood upgrading improves long-run educational attainment and, more tentatively, adult income. The effects are largest in the most disadvantaged contexts, underscoring the potential of place-based interventions to promote social mobility and reduce intergenerational inequality.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"47-71"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147565032","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}
Economic RecordPub Date : 2026-03-17Epub Date: 2025-10-15DOI: 10.1111/1475-4932.70015
Iacopo Mugnai
{"title":"Busting the Bankers' Club. Finance for the Rest of Us, by Gerald Epstein (Oakland: University of California Press, 2024), 384 pp.","authors":"Iacopo Mugnai","doi":"10.1111/1475-4932.70015","DOIUrl":"https://doi.org/10.1111/1475-4932.70015","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"143-145"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147565988","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}
Economic RecordPub Date : 2026-03-17Epub Date: 2025-09-01DOI: 10.1111/1475-4932.70007
James Graham
{"title":"A Structural Model of Mortgage Offset Accounts in the Australian Housing Market*","authors":"James Graham","doi":"10.1111/1475-4932.70007","DOIUrl":"https://doi.org/10.1111/1475-4932.70007","url":null,"abstract":"<p>I study a novel institutional feature of Australian housing markets: the widespread use of mortgage offset accounts. These accounts reduce mortgage interest costs and increase mortgage liquidity. I build a heterogeneous agent life-cycle model of the Australian housing market to study who uses and benefits from these mortgage products. Households in middle age and with larger incomes, houses, and mortgages are most likely to use offset accounts and generally derive larger benefits from their use. I show that a social planner could maintain mortgage profitability, improve welfare for many households and more evenly distribute benefits by adjusting the price structure of offset accounts.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"3-26"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70007","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147562264","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}
Economic RecordPub Date : 2026-03-17Epub Date: 2025-10-21DOI: 10.1111/1475-4932.70018
Francesco Guala
{"title":"The Price of Our Values: The Economic Limits of Moral Life, by Augustin Landier and David Thesmar (University of Chicago Press, Chicago and London, 2025), pp. Xiv + 191. ISBN-13: 978-0-22682708-7 (cloth); ISBN-13: 978-0-22682709-4 (e-book)","authors":"Francesco Guala","doi":"10.1111/1475-4932.70018","DOIUrl":"https://doi.org/10.1111/1475-4932.70018","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"146-147"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147567957","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}
Economic RecordPub Date : 2026-03-17Epub Date: 2025-09-23DOI: 10.1111/1475-4932.70014
Mark Fabian
{"title":"The Alternative: How to Build a Just Economy, by Nick Romeo (Basic Books, London, 2024), pp. 372","authors":"Mark Fabian","doi":"10.1111/1475-4932.70014","DOIUrl":"https://doi.org/10.1111/1475-4932.70014","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"140-142"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147568160","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}
Economic RecordPub Date : 2026-03-17Epub Date: 2025-09-25DOI: 10.1111/1475-4932.70010
Vijay Mehrotra
{"title":"Unforgiving Places: The Unexpected Origins of American Gun Violence, by Jens Ludwig (Chicago: University of Chicago Press, 2025), 352 pp.","authors":"Vijay Mehrotra","doi":"10.1111/1475-4932.70010","DOIUrl":"https://doi.org/10.1111/1475-4932.70010","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"138-139"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147569107","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}
Economic RecordPub Date : 2026-03-17Epub Date: 2026-01-06DOI: 10.1111/1475-4932.70025
Carl Öhman
{"title":"The Mechanic and the Luddite, by Jathan Sadowski (Uppsala, Sweden: University of California Press, 2025) Uppsala, Sweden","authors":"Carl Öhman","doi":"10.1111/1475-4932.70025","DOIUrl":"https://doi.org/10.1111/1475-4932.70025","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"154-155"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147563439","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}
Economic RecordPub Date : 2026-03-17Epub Date: 2025-11-14DOI: 10.1111/1475-4932.70021
Carol Graham
{"title":"Beyond Happy: How to Rethink Happiness and Find Fulfillment, by Mark Fabian (Bedford Square Publishers), 325 pages.","authors":"Carol Graham","doi":"10.1111/1475-4932.70021","DOIUrl":"https://doi.org/10.1111/1475-4932.70021","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"148-149"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147565809","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}
Economic RecordPub Date : 2026-03-17Epub Date: 2025-09-18DOI: 10.1111/1475-4932.70013
Paul J. Burke, Jian Li
{"title":"Fuel Prices and Ambient Air Pollution: A Study of Sydney*","authors":"Paul J. Burke, Jian Li","doi":"10.1111/1475-4932.70013","DOIUrl":"https://doi.org/10.1111/1475-4932.70013","url":null,"abstract":"<p>This paper explores the short-run influence of road transport fuel prices on ambient air pollution over the period 2004–2023 for the case of Sydney, Australia. Using daily data from nine air quality monitoring stations, we find negative effects of fuel prices on ambient concentrations of several key pollutants including ozone, nitrogen dioxide and carbon monoxide, with inelastic effect sizes. Consistently significant effects are not found for sulphur dioxide or visibility impairment levels. Wind speeds, bushfire incidence and public holidays are found to be among other key factors affecting air conditions. We also explore monthly effects and the links between gasoline prices and Google relative search interest in air pollution and related terms. The findings are useful for air pollution prediction and add to understanding of the environmental benefits of fuel taxes.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 336","pages":"27-46"},"PeriodicalIF":1.2,"publicationDate":"2026-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70013","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147566870","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}