This talk will introduce patterns for intergenerational mobility of the children of immigrants across fifteen destination countries. In most destinations, the daughters of immigrants experience higher mobility than daughters of locals. Sons of immigrants enjoy an advantage in Anglosphere destinations (including Australia) but not in continental Europe. Cross-country variation in mobility cannot be explained by parental country-of-origin, but instead by destination educational systems and labor markets. The talk will conclude by considering cross-country differences in political attitudes towards immigration.
This talk presents new insights on the role of expertise in new work - defined as novel occupational roles that have emerged as technological and economic conditions evolved, based on newly available 1940 and 1950 Census Complete Count files and confidential America Community Survey data from 2011-2023. New work is found to be systematically distinct from simply more work in existing occupations in four respects.
This presentation will discuss how working from home has fared post-pandemic and what the future is. Using US and international data the presentation will show how hybrid working has become common post-pandemic for managers and professionals. The main motivation for this is cutting space and retention costs for business, improving overall profitability. Finally, the talk will discuss the longer-run impact of rising WFH on cities, fertility and leisure including golf.
Children’s incomes tend to resemble their parents', a relationship that is particularly pronounced in higher-inequality societies like the United States. However, the mechanisms behind this intergenerational earnings transmission are not well understood. Using a new dataset to look at the roles of neighbourhoods and firms in shaping intergenerational economic transmission in the U.S., this work has four main findings:
Immigration policy is hard, involving difficult decisions and trade-offs. But, as Alan Manning – former chair of the UK's Migration Advisory Committee – makes clear, this doesn't mean that we can't do much better.
Australia’s private health sector is confronting a period of significant challenge, marked by rising operational costs, persistent workforce shortages, stagnant demand, and increasing out-of-pocket expenses for consumers. These pressures have resulted in declining profitability, hospital closures, adversarial insurer-provider relationships, and a lack of transparency, with confidence further undermined by the collapse of Healthscope. There are growing concerns that instability in the private sector will increase pressure on Australia’s already overburdened public system.
Rapid changes in technology and in the preferences of firms and households are features of the Australian economy, nowhere else more so than in the payments system. How are central banks, including the RBA, thinking about the future of money, both digital and physical cash? What could be the role of central bank digital currencies, stablecoins and tokenised bank deposits in supporting innovation, and what are the financial stability risks? And how could the demand for physical cash evolve in the future?
We are pleased to bring this Eminent Speaker Series webinar where the Economic Society of Australia Victoria Branch join with Melbourne Business School to bring you this engaging seminar by Professor Songzi Du on price discovery in auctions.
The tariffs announced on April 2nd have disrupted many firms' strategies and thrown financial markets into chaos. Further announcements have increased tariffs on China and reduced other tariffs pending negotiations. What will be the impact of greater uncertainty and volatility on world trade, business investment in Australia, the US and China and other macroeconomic variables? Where are tariffs and non-tariff barriers likely to settle? Are any scenarios more likely, and how much decoupling between the US and China is likely? How much of the volatility in financial markets is due to tariffs, and how much is due to uncertainty about other factors such as non-tariff trade barriers or weakening of Central Bank independence?
The size and diversity of the economics student population has declined sharply since the early 1990s, raising concerns about economic literacy in society and the long-term health of the economics discipline. Interest in studying economics at university is low, even for those who studied economics in Year 12.
For many countries, the race to net zero interacts in complicated ways with trade policy. There has long been research on how globalisation and international economic policy affect the environment: How do tariffs affect greenhouse gas emissions? Does globalisation cause a “race to the bottom” in environmental policy? Increasingly however researchers are also asking how environmental policy affects globalisation. When does environmental policy constitute protectionism? How do carbon border adjustments and climate clubs affect the economy? Joe Shapiro will introduce us to the state of research on globalisation and the environment.
Australia is in the grips of a housing crisis, driven by rising costs in construction, the adjustment to working-from-home, and other factors. Rental affordability has worsened in the last few years, and rental affordability had been growing worse for the bottom quintile of earners over the last decade. Meanwhile, young buyers find themselves increasingly locked out of purchasing by high interest rates and high prices. Should policymakers concentrate on rental affordability or on the affordability of purchasing property? What policies will have a rapid impact on affordability without huge cost to government budgets?
Alison Preston examines the impact of working at home on the wages of men and women using data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. Read more.
Climate change already has a negative impact on the environment and our societies, and this impact will get worse over the course of this century. How much worse?
Professor Susan Athey is The Economics of Technology Professor at Stanford Graduate School of Business. She is the recipient of the John Bates Clark Medal, awarded by the AEA to the economist under 40 who has made the greatest contributions to thought.
The last few years have seen significant legislation changes in the area of industrial relations. The prior decade also saw significant changes in firms’ hiring practices, and an explosion of platform work, considered by some to be a loophole in current labour legislation.
How do economists fare in the job market? Are declining enrolments in high school and university driven by poor labour market outcomes for economics graduates?
There has been a consequential fall in the size and diversity of the economics student population in Australia. One approach to looking at the economics discipline in a structured way is to ask the following questions. Who studies economics? What is the pipeline of potential economics graduates? How are economic skills rewarded by the labour market? And what is the level of economic literacy in the community? Some high-level answers to these questions are provided in a summary of the current ‘state of economics’.
There is concern that Australia may not reach its net-zero goals, due to challenges in energy generation, transmission and storage, and the uneven decarbonisation of different sectors of the economy.
This lecture was delivered by Douglas A Irwin, John French Professor of Economics at Dartmouth College. The lecture outlines the current state of globalisation and its historical context, explaining that the forces that used to drive globalisation have lost momentum and that the resurgence of geopolitics has significant economic impacts.
Is globalisation in retreat? - Productivity Commission (pc.gov.au)
Event
Date From : Wed Feb 28, 2024
Date To : Wed Feb 28, 2024
It is with great pleasure that we unveil the distinguished winners of the 2023 Women in Economics Network Writing Competition.
An End of Year Webinar from the National Committee of the Women in Economics Network
In a year that has seemed too often to be void of hope, end your year with some fresh perspectives on the importance of hope through the ages and what it means in modern economic thought.
The Reserve Bank of Australia has made a number of statements about productivity in discussing monetary policy decisions. But is the role of productivity well understood?
Listen to our expert panel of economists from the public sector and academia as they discuss the evidence on the likely impact of COVID19 on children, their development and acquisition of human capital. What impacts are already visible and what policies will help mitigate the impacts.
Although the COVID-19 pandemic has put the brakes on Australia's paid market economy, our unpaid non-market economy – the cooking, cleaning and caring taking place within Australians' households – is still going strong. Furthermore, the factors that truly matter for wellbeing have come into sharper focus as the crisis unfolds. To a large extent, it's women who are performing the essential frontline jobs and the unpaid caring roles that are keeping society functioning during this time.
Our panel explored how economists think about wellbeing. Should we place a higher value on the care work and the non-market activities that are essential for a well-functioning society? If yes, how this might be practically achieved? And, if the COVID crisis doesn't prompt a reassessment of the value of care and the contribution of women's work, what will?
Panellists Catherine Fox (journalist and author), Dr Suzy Morrissey (University of Auckland), Emma Dawson (Per Capita), and Associate Professor Julie Smith (ANU), moderated by WEN National Chair Dr Leonora Risse (RMIT University and Harvard Kennedy School).