Over 2016 and 2017, the last of Australia's motor vehicle manufacturing plants will close their doors, retrenching several thousand workers. Agility, the solution to our economic woes, will be the key to recovery. Just how agile will workers need to be? This paper describes a scenario in which there is no “damage” in terms of increased unemployment, facilitated by flexibility in both occupation-specific real wages and willingness of workers to transition to new occupations and new regions. The scenario identifies occupations and regions into which displaced workers may transition, based on an economy-wide view of regional industry demands for labour and the skill profiles of the displaced workers.
{"title":"Workforce Adaptation to the Cessation of Motor Vehicle Manufacturing in Australia","authors":"J. Dixon","doi":"10.1111/1759-3441.12158","DOIUrl":"https://doi.org/10.1111/1759-3441.12158","url":null,"abstract":"Over 2016 and 2017, the last of Australia's motor vehicle manufacturing plants will close their doors, retrenching several thousand workers. Agility, the solution to our economic woes, will be the key to recovery. Just how agile will workers need to be? This paper describes a scenario in which there is no “damage” in terms of increased unemployment, facilitated by flexibility in both occupation-specific real wages and willingness of workers to transition to new occupations and new regions. The scenario identifies occupations and regions into which displaced workers may transition, based on an economy-wide view of regional industry demands for labour and the skill profiles of the displaced workers.","PeriodicalId":340385,"journal":{"name":"Economic Papers: A journal of applied economics and policy","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126407718","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Australian home owners and investors benefit from various tax concessions. Home owner tax concessions are poorly targeted with older, higher income households the main beneficiaries. There could also be efficiency consequences if the tax favoured owner-occupied housing sector attracts investment that would otherwise have been employed more productively elsewhere. Investors can use negative gearing to convert ordinary income into capital gains that are taxed leniently. These tax benefits distort the supply of rental housing to the detriment of affordable rental housing opportunities. To address some of these concerns, the paper examines a potential tax reform package that would replace stamp duty by a uniform flat rate land tax. Using Victorian Valuer-General property data, we estimate the land tax liabilities that property owners would be asked to pay if a revenue neutral broad-based land tax replaced stamp duty on conveyance. We describe these land tax burdens if hypothetically levied in Melbourne as of 2005-2006, and compare the new tax burdens with liabilities under existing stamp duty provisions. The strong efficiency case in favour of such a tax substitution is complemented by empirical findings which suggest that higher income communities shoulder higher land tax burdens.
{"title":"Housing tax reform: Is there a way forward?","authors":"G. Wood, R. Ong, M. Cigdem","doi":"10.1111/1759-3441.12151","DOIUrl":"https://doi.org/10.1111/1759-3441.12151","url":null,"abstract":"Australian home owners and investors benefit from various tax concessions. Home owner tax concessions are poorly targeted with older, higher income households the main beneficiaries. There could also be efficiency consequences if the tax favoured owner-occupied housing sector attracts investment that would otherwise have been employed more productively elsewhere. Investors can use negative gearing to convert ordinary income into capital gains that are taxed leniently. These tax benefits distort the supply of rental housing to the detriment of affordable rental housing opportunities. To address some of these concerns, the paper examines a potential tax reform package that would replace stamp duty by a uniform flat rate land tax. Using Victorian Valuer-General property data, we estimate the land tax liabilities that property owners would be asked to pay if a revenue neutral broad-based land tax replaced stamp duty on conveyance. We describe these land tax burdens if hypothetically levied in Melbourne as of 2005-2006, and compare the new tax burdens with liabilities under existing stamp duty provisions. The strong efficiency case in favour of such a tax substitution is complemented by empirical findings which suggest that higher income communities shoulder higher land tax burdens.","PeriodicalId":340385,"journal":{"name":"Economic Papers: A journal of applied economics and policy","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121977895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：