Economic RecordPub Date : 2025-06-11DOI: 10.1111/1475-4932.12890
Changchen Ge
{"title":"Discretionary Tax Changes and Macroeconomic Activity: New Narrative Evidence from Australia*","authors":"Changchen Ge","doi":"10.1111/1475-4932.12890","DOIUrl":"https://doi.org/10.1111/1475-4932.12890","url":null,"abstract":"<p>This paper investigates the effects of discretionary tax changes on economic activity in Australia. Using official records, including Budget Reports and Election Speeches, I construct a narrative-based dataset that identifies the revenue impact, timing and motivation of all major Commonwealth tax policy changes from 1983Q4 to 2018Q4. This approach enables the identification of legislated tax changes that are unrelated to contemporaneous economic conditions. To estimate their macroeconomic effects, I use unanticipated exogenous tax changes as an instrument for tax revenue. The results indicate that tax cuts stimulate economic activity in the short run through consumption and investment; however, these gains are offset within 2 years due to contractionary monetary policy and a deterioration in the trade balance.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 335","pages":"504-523"},"PeriodicalIF":1.2,"publicationDate":"2025-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12890","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145719443","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 : 2025-06-05DOI: 10.1111/1475-4932.12888
Rafal Chomik
{"title":"More Than Fiscal: The Intergenerational Report, Sustainability and Public Policy in Australia, by Andrew Podger, Jane Hall, and Mike Woods (Eds) (ANU Press, 2023), 206 pages + xxi front matter","authors":"Rafal Chomik","doi":"10.1111/1475-4932.12888","DOIUrl":"https://doi.org/10.1111/1475-4932.12888","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 335","pages":"606-609"},"PeriodicalIF":1.2,"publicationDate":"2025-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145719690","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 : 2025-06-05DOI: 10.1111/1475-4932.12889
Ben Spies-Butcher
{"title":"A Taxing Journey: How Civic Actors Influence Tax Policy, by Paolo De Renzio (London: Bloomsbury Academic, 2024), 229 pages + vi front matter","authors":"Ben Spies-Butcher","doi":"10.1111/1475-4932.12889","DOIUrl":"https://doi.org/10.1111/1475-4932.12889","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 335","pages":"610-611"},"PeriodicalIF":1.2,"publicationDate":"2025-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145719689","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 : 2025-05-30DOI: 10.1111/1475-4932.12887
{"title":"RETRACTION: The Remnants of Race Science: UNESCO and Economic Development in the Global South, by Sebastián Gil-Riaño (Columbia University Press, New York, 2023), pp. 392","authors":"","doi":"10.1111/1475-4932.12887","DOIUrl":"https://doi.org/10.1111/1475-4932.12887","url":null,"abstract":"<p><b>RETRACTION</b>: A. Aldi and N. Hamid, “The Remnants of Race Science: UNESCO and Economic Development in the Global South, by Sebastián Gil-Riaño (Columbia University Press, New York, 2023), pp. 392,” <i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12854.</p><p>The above article, published online on 9 December 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12887","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492729","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 : 2025-05-30DOI: 10.1111/1475-4932.12885
{"title":"RETRACTION: Financial Perspectives of Economic History, Volume II: Capitalist Revolution, International Trade, Banking, Insurance, by László Vértesy (Barcelona: Gazdaságelemző Intézet – Institute for Economic Analysis, 2024), pp. 447","authors":"","doi":"10.1111/1475-4932.12885","DOIUrl":"https://doi.org/10.1111/1475-4932.12885","url":null,"abstract":"<p><b>RETRACTION</b>: Astini, A.H. Paddu, and A. Aldi, “Financial Perspectives of Economic History, Volume II: Capitalist Revolution, International Trade, Banking, Insurance, by László Vértesy (Barcelona: Gazdaságelemző Intézet – Institute for Economic Analysis, 2024), pp. 447,”<i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12844.</p><p>The above article, published online on 5 November 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12885","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492734","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 : 2025-05-30DOI: 10.1111/1475-4932.12882
{"title":"RETRACTION: The Economics of Inequality, by Robert S. Rycroft (Routledge, California, 2024), pp. vi + 450","authors":"","doi":"10.1111/1475-4932.12882","DOIUrl":"https://doi.org/10.1111/1475-4932.12882","url":null,"abstract":"<p><b>RETRACTION</b>: P.A. Azani and I.T. Abdireviane, “The Economics of Inequality, by Robert S. Rycroft (Routledge, California, 2024), pp. vi + 450,” <i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12839.</p><p>The above article, published online on 21 October 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12882","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492732","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 : 2025-05-30DOI: 10.1111/1475-4932.12886
{"title":"RETRACTION: How Sanctions Work: Iran and the Impact of Economic Warfare, by Narges Bajoghli (Eds.) (Stanford University Press, California, 2024), 214 pp.","authors":"","doi":"10.1111/1475-4932.12886","DOIUrl":"https://doi.org/10.1111/1475-4932.12886","url":null,"abstract":"<p><b>RETRACTION</b>: A. Ambo and I.T. Abdireviane, “How Sanctions Work: Iran and the Impact of Economic Warfare, by Narges Bajoghli (Eds.) (Stanford University Press, California, 2024), 214 pp.,” <i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12840.</p><p>The above article, published online on 21 October 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12886","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492733","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 : 2025-05-30DOI: 10.1111/1475-4932.12883
{"title":"RETRACTION: Economic Growth and Development in the Tropics, by Sook Rei Tan, Haejin Jang and Jacob Wood (Routledge, Abingdon, 2024), pp. 298","authors":"","doi":"10.1111/1475-4932.12883","DOIUrl":"https://doi.org/10.1111/1475-4932.12883","url":null,"abstract":"<p><b>RETRACTION</b>: R.T. Jannah and I.T. Abdireviane, “Economic Growth and Development in the Tropics, by Sook Rei Tan, Haejin Jang and Jacob Wood (Routledge, Abingdon, 2024), pp. 298,” <i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12860.</p><p>The above article, published online on 29 December 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12883","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492731","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 : 2025-05-30DOI: 10.1111/1475-4932.12884
{"title":"RETRACTION: The Theory of Inertial Inflation: The Foundation of Economic Reform in Brazil and Argentina, by Luiz Bresser Pereira and Yoshiaki Nakano (Lynne Rienner Publishers, Boulder, CO, 2023), pp. 224","authors":"","doi":"10.1111/1475-4932.12884","DOIUrl":"https://doi.org/10.1111/1475-4932.12884","url":null,"abstract":"<p><b>RETRACTION</b>: A.S. Wahyuddin, Madris, and A.I. Anwar, “The Theory of Inertial Inflation: The Foundation of Economic Reform in Brazil and Argentina, by Luiz Bresser Pereira and Yoshiaki Nakano (Lynne Rienner Publishers, Boulder, CO, 2023), pp. 224,” <i>Economic Record</i> (Early View): https://doi.org/10.1111/1475-4932.12859.</p><p>The above article, published online on 30 December 2024 in Wiley Online Library (wileyonlinelibrary.com), has been retracted by agreement between the journal Editor-in-Chief, James Morley; The Economic Society of Australia; and John Wiley & Sons Australia Ltd. The retraction has been agreed due to a lack of proper peer review and failure to adhere to the journal's submission guidelines. Therefore, the article must be retracted due to the editor's loss of confidence in the validity of the content. The authors have been informed of this decision.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":""},"PeriodicalIF":1.1,"publicationDate":"2025-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12884","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492730","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 : 2025-05-29DOI: 10.1111/1475-4932.12876
David Rodgers, George Kudrna, Alan Woodland
{"title":"Pensions and Participation: Evidence From World War II Veterans in Australia","authors":"David Rodgers, George Kudrna, Alan Woodland","doi":"10.1111/1475-4932.12876","DOIUrl":"https://doi.org/10.1111/1475-4932.12876","url":null,"abstract":"<p>This paper examines the impact of World War II (WWII) service on the labour force participation (LFP) of older Australian men in the second half of the twentieth century. Leveraging substantial variation in service rates across birth cohorts, we estimate the causal effect of military service on retirement behaviour. We find that WWII service led to a pronounced decline in LFP—by more than 20 percentage points—for men aged 60–64. This decline is primarily driven by veterans' earlier eligibility for public retirement benefits, particularly the Service Pension, which was accessible from age 60. Supporting this interpretation, survey data from the 1970s indicate that veterans expected to retire earlier than non-veterans. Furthermore, differences in education, employment history and income do not fully explain the observed gap in retirement expectations, underscoring the role of veteran-specific retirement provisions in shaping labour supply at older ages.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"323-347"},"PeriodicalIF":1.2,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12876","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145038428","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}