Economic RecordPub Date : 2026-09-11Epub Date: 2026-04-05DOI: 10.1111/1475-4932.70046
Jacob Edenhofer, Gabriele Gratton
{"title":"Shared Prosperity in a Fractured World: A New Economics for the Middle Class, the Global Poor, and Our Climate, by Dani Rodrik (Princeton University Press, Princeton, US, 2025), pp. 280*","authors":"Jacob Edenhofer, Gabriele Gratton","doi":"10.1111/1475-4932.70046","DOIUrl":"https://doi.org/10.1111/1475-4932.70046","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"476-480"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148942544","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 : 2026-09-11Epub Date: 2026-05-13DOI: 10.1111/1475-4932.70051
Olukorede Abiona, Maryam Naghsh-Nejad, Kees Van Gool, Phil Haywood, Jane Hall
{"title":"Physician Responses to a Subsidy Removal: The Case of Joint Injections Under Australia's Medicare Program","authors":"Olukorede Abiona, Maryam Naghsh-Nejad, Kees Van Gool, Phil Haywood, Jane Hall","doi":"10.1111/1475-4932.70051","DOIUrl":"https://doi.org/10.1111/1475-4932.70051","url":null,"abstract":"<p>This study examines the effects of a public subsidy withdrawal on provider behaviour, focusing on General Practitioners (GPs) in Australia. Specifically, it explores changes in GP billing practices following the removal of an item on the Medicare Benefits Schedule that subsidises joint injections (intra-articular steroids). Using a difference-in-differences approach and linked administrative data, the analysis focuses on GPs who continued prescribing intra-articular steroids after the policy change. The findings indicate that GPs maintained their service volumes but adjusted their billing strategies to mitigate potential income losses, without increasing patients' out-of-pocket costs. These results highlight the adaptive responses of healthcare providers to policy-induced financial incentives, offering valuable insights for healthcare policy design and economic sustainability.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"350-368"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70051","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148943181","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 : 2026-09-11Epub Date: 2026-05-28DOI: 10.1111/1475-4932.70054
Tan Dat Huynh, Mengheng Li
{"title":"Not all Temperature Shocks are Alike: Disentangling Heat and High Temperature Shocks and Their Effects on Inflation in Australia","authors":"Tan Dat Huynh, Mengheng Li","doi":"10.1111/1475-4932.70054","DOIUrl":"https://doi.org/10.1111/1475-4932.70054","url":null,"abstract":"<p>We study the effects of heat and high temperature shocks on inflation in Australia using monthly, state-level temperature anomaly data via two stages. In the first stage, we decompose temperature anomalies into orthogonal components using a structural vector autoregression with long-run restrictions. We justify the decomposition by establishing its equivalence to a spectral projection operator from a linearised singularly perturbed system, formally linking the decomposition to timescale separation in climate science. In the second stage, we estimate the dynamic effects of these shocks on inflation using smooth local projections. We find that both types of temperature shocks significantly influence inflation, with heterogeneous effects across categories, states and seasons, highlighting the macroeconomic importance of distinct modes of climate variability.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"323-349"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70054","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148943393","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 : 2026-09-11Epub Date: 2026-07-06DOI: 10.1111/1475-4932.70061
Xuan Nguyen, Chi-Chur Chao, Hong Hwang
{"title":"Bane or Boon: The Effects of Daigou (Buying on Behalf) in an Open Economy*","authors":"Xuan Nguyen, Chi-Chur Chao, Hong Hwang","doi":"10.1111/1475-4932.70061","DOIUrl":"https://doi.org/10.1111/1475-4932.70061","url":null,"abstract":"<p>Prompted by advancements in technology, particularly affordable or complimentary livestream features on mobile applications, a novel form of international trade—termed ‘<i>daigou</i>’—has emerged. In this practice, individual agents in developed countries (the North) purchase domestically produced goods on behalf of customers in developing countries (the South), significantly disrupting the international trade dynamics between the northern and southern regions. We developed an international quality demand model to study the economic implications of <i>daigou</i>, which is characterized by low trade costs. We revealed that this practice enhances social welfare in the North but may adversely affect the profitability of producers in the North and social welfare in the South. These outcomes are contingent upon various factors, including market sizes, North–South tariff rates and product quality. Additionally, the practice promotes the liberalisation of trade relations of the South with the North. The study offers valuable insights that can shape public policies.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"397-431"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70061","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148942484","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 : 2026-09-11Epub Date: 2026-02-27DOI: 10.1111/1475-4932.70042
Juergen Meinecke
{"title":"Cause, Effect, and Everything in Between: An Introduction to Causal Inference, by Aboozar Hadavand (Oxford, Oxford University Press, 2025), 138 pages + ix front matter","authors":"Juergen Meinecke","doi":"10.1111/1475-4932.70042","DOIUrl":"https://doi.org/10.1111/1475-4932.70042","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"474-475"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148943434","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 : 2026-09-11Epub Date: 2026-02-23DOI: 10.1111/1475-4932.70039
Kristen Sobeck, Robert Breunig
{"title":"Does Decreasing the Generosity of Payments to Single Parents Have Employment and Earnings Effects? Evidence from Australian Administrative Data*","authors":"Kristen Sobeck, Robert Breunig","doi":"10.1111/1475-4932.70039","DOIUrl":"https://doi.org/10.1111/1475-4932.70039","url":null,"abstract":"<p>We examine the impact of two changes to Australia's Parenting Payment Single (PPS) program, a welfare payment for low-income single mothers. One change lowered the age of the youngest child cut off for program eligibility, forcing new welfare entrants onto the less generous Newstart (unemployment) payment. A second change increased job search requirements for those on PPS. We use a difference-in-difference strategy which exploits the rule changes combined with an unannounced end to grandfathering provisions to disentangle the two effects. We find little effect of the increased job search requirements. The decreased generosity of the program has a small negative impact on single mothers' employment rate and it produces a large decrease in the share of single mothers who rely on welfare. Around 35 per cent of single mothers who ever received PPS between 2011 and 2016 eliminated their use of welfare. Due to the decreased generosity of the welfare payments received by the majority of single mothers who remained on income support, single mothers had lower incomes, on average, after the policy changes.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"369-396"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.70039","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148943643","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 : 2026-09-11Epub Date: 2026-03-15DOI: 10.1111/1475-4932.70041
Lukas Beck, Bele Wollesen
{"title":"False Prophets of Economics Imperialism: The Limits of Mathematical Market Models, by Matthew Watson (Agenda Publishing, Newcastle, UK, 2025), pp. 312","authors":"Lukas Beck, Bele Wollesen","doi":"10.1111/1475-4932.70041","DOIUrl":"https://doi.org/10.1111/1475-4932.70041","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"471-473"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148943391","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 : 2026-09-11Epub Date: 2026-02-09DOI: 10.1111/1475-4932.70037
Justin Shin, Alexander Martin Mussgnug
{"title":"The Ordinal Society by Marion Fourcade and Kieran Healy (Harvard University Press, Cambridge, MA, USA 2024)","authors":"Justin Shin, Alexander Martin Mussgnug","doi":"10.1111/1475-4932.70037","DOIUrl":"https://doi.org/10.1111/1475-4932.70037","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"463-465"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148942796","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 : 2026-09-11Epub Date: 2026-02-11DOI: 10.1111/1475-4932.70038
Gigi Foster
{"title":"In Covid's Wake: How our Politics Failed us by Stephen Macedo and Frances Lee (Princeton University Press2025), 373 Pages, Paperback","authors":"Gigi Foster","doi":"10.1111/1475-4932.70038","DOIUrl":"https://doi.org/10.1111/1475-4932.70038","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"102 338","pages":"466-470"},"PeriodicalIF":0.8,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148943232","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}