In this study, we examine the effect of transport-related deprivation on hours of work using 17 waves of longitudinal data from the Household, Income and Labour Dynamics in Australia. We measure transport-related deprivation using indicators that reflect transport accessibility and affordability. The overall finding indicates that transport-related deprivation reduces hours of work. This outcome is more pronounced for public transport than private transport, and consistent across instrumental variable techniques, an alternative fixed effect model, and heterogeneity analysis. Further analysis reveals that the hours of work-reducing effect of transport-related deprivation is transmitted through time spent travelling to work.
{"title":"How Does Transport-Related Deprivation Reduce Hours of Work in Australia?1","authors":"Opoku Adabor","doi":"10.1111/1475-4932.12805","DOIUrl":"10.1111/1475-4932.12805","url":null,"abstract":"<p>In this study, we examine the effect of transport-related deprivation on hours of work using 17 waves of longitudinal data from the Household, Income and Labour Dynamics in Australia. We measure transport-related deprivation using indicators that reflect transport accessibility and affordability. The overall finding indicates that transport-related deprivation reduces hours of work. This outcome is more pronounced for public transport than private transport, and consistent across instrumental variable techniques, an alternative fixed effect model, and heterogeneity analysis. Further analysis reveals that the hours of work-reducing effect of transport-related deprivation is transmitted through time spent travelling to work.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 331","pages":"441-461"},"PeriodicalIF":1.1,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12805","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140672910","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}
{"title":"Why Not Better and Cheaper? Healthcare and Innovation, by James B. Rebitzer and Robert S. Rebitzer (New York: Oxford University Press, 2023), pp. 183.","authors":"Anthony Scott","doi":"10.1111/1475-4932.12807","DOIUrl":"10.1111/1475-4932.12807","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 330","pages":"421-422"},"PeriodicalIF":1.1,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140592011","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}
{"title":"Structuralist and Behavioural Macroeconomics, by Peter Skott (Cambridge University Press, Cambridge, 2023), pp. xii+384","authors":"Cameron Gordon","doi":"10.1111/1475-4932.12802","DOIUrl":"10.1111/1475-4932.12802","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 329","pages":"278-279"},"PeriodicalIF":1.2,"publicationDate":"2024-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140592097","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}
{"title":"Tax and Transfer Policy Using Behavioural Microsimulation Modelling: Design and Evaluation, by John Creedy and Penny Mok (Edward Elgar Publishing, Cheltenham, 2022), pp. 236.","authors":"Ben Phillips","doi":"10.1111/1475-4932.12806","DOIUrl":"10.1111/1475-4932.12806","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 329","pages":"276-278"},"PeriodicalIF":1.2,"publicationDate":"2024-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140592093","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}
{"title":"Asia Alone: The Dangerous Post-Crisis Divide from America, by Simon S. C. Tay (Wiley, Singapore, 2010)","authors":"Aldi Aldi, Indraswati Tri Abdireviane","doi":"10.1111/1475-4932.12804","DOIUrl":"10.1111/1475-4932.12804","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 330","pages":"419-421"},"PeriodicalIF":1.1,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140592096","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}
{"title":"Many Possible Worlds: An Interdisciplinary History of the World Economy since 1800, by Cameron Gordon (Palgrave Macmillan, Singapore, 2023), Pp. 1033","authors":"Martine Mariotti","doi":"10.1111/1475-4932.12803","DOIUrl":"10.1111/1475-4932.12803","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 330","pages":"418-419"},"PeriodicalIF":1.1,"publicationDate":"2024-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140592008","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}
This study re-evaluates the macroeconomic impact of monetary policy shocks in the United States using the proxy-SVAR approach of Gertler and Karadi (American Economic Journal: Macroeconomics, 2015, 7, 44–76). Despite increased credit costs and the presence of the credit channel, our analysis reveals modest effects on economic activity post-mid-1980s. This robust finding holds across various inference methods and sample considerations. A counterfactual analysis within the framework of Bernanke, Gertler, and Gilchrist (1999, Handbook of Macroeconomics, Elsevier) suggests that a stronger response to inflation in monetary policy execution may explain the subdued impact of shocks, offering valuable insights for policy refinement and understanding the dynamics of economic activity.
{"title":"Revisiting the Macroeconomic Effects of Monetary Policy Shocks*","authors":"Firmin Doko Tchatoka, Qazi Haque","doi":"10.1111/1475-4932.12801","DOIUrl":"10.1111/1475-4932.12801","url":null,"abstract":"<p>This study re-evaluates the macroeconomic impact of monetary policy shocks in the United States using the proxy-SVAR approach of Gertler and Karadi (<i>American Economic Journal: Macroeconomics</i>, 2015, 7, 44–76). Despite increased credit costs and the presence of the credit channel, our analysis reveals modest effects on economic activity post-mid-1980s. This robust finding holds across various inference methods and sample considerations. A counterfactual analysis within the framework of Bernanke, Gertler, and Gilchrist (1999, <i>Handbook of Macroeconomics</i>, Elsevier) suggests that a stronger response to inflation in monetary policy execution may explain the subdued impact of shocks, offering valuable insights for policy refinement and understanding the dynamics of economic activity.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 329","pages":"234-259"},"PeriodicalIF":1.2,"publicationDate":"2024-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12801","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140592018","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}
Akshay Vij, Lynette Washington, Sally Weller, Jacob Irving, Ilke Onur
This study uses stated preference experiments to examine labour market preferences of 309 workers retrenched by the Australian automotive industry for non-pecuniary job attributes denoting job quality and meaningfulness. We find that autonomy and employer reputation for good work policies and practices are the two most important non-pecuniary job attributes, with compensating wage differentials of roughly $5 per hour for greater autonomy and better employer reputation. Job security and skill utilisation are also important, but less so, with compensating wage differentials between $1 and $3 per hour for greater security and fewer training requirements. Workers' strongest preference is not for a particular type of work, but rather for a particular type of employer, suggesting that labour market policy might pay more attention to regulating the quality of workplaces.
{"title":"Labour Market Preferences of Retrenched Australian Auto Industry Workers for Job Quality and Meaningful Work*","authors":"Akshay Vij, Lynette Washington, Sally Weller, Jacob Irving, Ilke Onur","doi":"10.1111/1475-4932.12797","DOIUrl":"10.1111/1475-4932.12797","url":null,"abstract":"<p>This study uses stated preference experiments to examine labour market preferences of 309 workers retrenched by the Australian automotive industry for non-pecuniary job attributes denoting job quality and meaningfulness. We find that autonomy and employer reputation for good work policies and practices are the two most important non-pecuniary job attributes, with compensating wage differentials of roughly $5 per hour for greater autonomy and better employer reputation. Job security and skill utilisation are also important, but less so, with compensating wage differentials between $1 and $3 per hour for greater security and fewer training requirements. Workers' strongest preference is not for a particular type of work, but rather for a particular type of employer, suggesting that labour market policy might pay more attention to regulating the quality of workplaces.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 329","pages":"209-233"},"PeriodicalIF":1.2,"publicationDate":"2024-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12797","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140197135","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}
{"title":"Power and Progress: Our Thousand-Year Struggle over Technology and Prosperity, by Daron Acemoglu and Simon Johnson (Hachette, New York, 2023), pp. 546","authors":"Sam Gilbert","doi":"10.1111/1475-4932.12799","DOIUrl":"10.1111/1475-4932.12799","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 329","pages":"274-276"},"PeriodicalIF":1.2,"publicationDate":"2024-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140197040","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}
{"title":"Optimally Irrational: The Good Reasons we Behave the Way we Do, by Lionel Page (Cambridge University Press, Cambridge, 2022), pp. 322","authors":"Jason Collins","doi":"10.1111/1475-4932.12798","DOIUrl":"10.1111/1475-4932.12798","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 329","pages":"271-274"},"PeriodicalIF":1.2,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140197210","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}
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