Australian Economic Review最新文献

The past decades have seen rapid changes in societal attitudes and policy surrounding members of the LGBTIQ  community, however this community continues to experience adverse social and economic outcomes relative to their cisgendered heterosexual counterparts. Understanding the LGBTIQ data landscape is essential to promote scholarship in this space and highlight avenues for future data collection. Here I provide an overview of the 17 national data surveys in Australia that capture information on either sexual or gender diversity and are either repeated or longitudinal samples. For each dataset, I provide details on questions pertaining to sexual and gender diversity, indicative sample sizes and age ranges, scope of survey, and data custodians. Altogether, I find thatcollection of information on sexual and gender diverse (SGD) populations in Australia is poor and terminology varies widely. Only seven datasets capture information on both sexual and gender diversity and, of these, none are nationally representative, and only one is a longitudinal sample. Altogether, this review highlights the need for large-scale, representative and longitudinal data capture of SGD populations in Australia.

This article summarises developments in the Australian economy in 2021. The recovery that was underway from the COVID-19 recession was interrupted by the second wave of the pandemic and the associated policy responses, particularly in Victoria and New South Wales. We discuss the challenges facing the Australian economy as it once again re-opens.

Inflation expectations are typically considered a pivotal and causal driver of inflation dynamics over which central banks have a strong influence. Given this influence, it is important for central banks to understand how expectations are formed and how their operations influence these expectations. We describe the various ways inflation expectations are measured and used by the Reserve Bank of Australia (RBA), and then review the evidence on how Australians form their expectations. In contrast to what is assumed in standard macroeconomic models, expectations are generally not formed rationally or with full information. We close by highlighting what these findings imply for the conduct of monetary policy.

We study how individuals' formation of inflation expectations are affected by the stringent containment and economic support measures put in place during the COVID-19 pandemic. Using the New York Fed Survey of Consumer Expectations (SCE) and the Oxford COVID-19 Government Response Tracker (OxCGRT), we find that policies aimed at containing the pandemic lead to an increase in individuals' inflation expectations and inflation uncertainty. We also find some heterogeneity in the impact across different demographic groups.

This note reviews new approaches to topics in economic history that have come into practice in the last 20 years or so. The three main approaches are cliodynamics, big history and deep history. All three extend the time scale of economic history investigations to beyond that of written history and involve a variety of disciplines other than economics and history. Cliodynamics and big history are essentially quantitative. They use models to interpret historical phenomena and test hypotheses derived from the models. An example of a research topic is provided for each of the three new approaches. These new areas offer many opportunities for the student of economic history.

This article presents an overview of the first three waves of data collection for Ten to Men: The Australian Longitudinal Study on Male Health (TTM). TTM is Australia's first national and representative longitudinal study of men aged 10–55 years who resided in private dwellings at recruitment. Findings address knowledge gaps and build the evidence base on male health to inform policy and program development. This article provides an update on the study's progress; it details the study's broad methodology and provides a brief overview of the measures available, potential uses and how data can be accessed.

We present the first estimates of intergenerational wealth mobility for Australia. The rank correlation is 0.253, compared to 0.306 for the United States using comparable methods. This correlation varies greatly by child age when wealth is observed, from 0.1 before age 30, to 0.5 after age 40. This sharp increase with age is stronger than for other countries, is not explained by sample selection bias and is not specific to particular types of wealth. We also argue that neither income mobility nor wealth mobility, as operationalised in empirical work, align neatly with the wealth concept in the Becker & Tomes framework.

Early childhood investment decisions represent critical policy frameworks that ideally reflect a strong evidence base. This review seeks to assess early childhood intervention priorities based on return on investment without limitation by health, education or social science sector. A systematic search of peer-reviewed literature identified 858 eligible papers relating to economic evaluations of intervention in early childhood (0–4 years). Data for this narrative review was provided by 34 papers. The capacity to rank interventions and to compare relevance across disciplines is limited by the degree of heterogeneity across studies and the potential to compare published studies based on journal indices.