We analyse potential macroeconomic determinants of worker learning curves by matching exogenous changes in macroeconomic conditions during the Great Recession to high-frequency data on worker productivity from supermarkets. We find evidence of a statistically significant learning curve among new cashiers. Despite finding that higher unemployment rates induce greater effort by workers in general, the learning rate is stronger for cashiers who started work during an economic upturn, while worsening macroeconomic conditions engender a shallower learning curve. Hence, weakening labour markets are not associated with stronger learning rates on average. This analysis yields important implications for firms and policy-makers in understanding worker behaviour on the job across business cycles.
{"title":"Learning-by-Doing when Times Are Tough: Evidence from the Great Recession","authors":"Angela Zha, Rebecca L. C. Taylor","doi":"10.1111/1475-4932.12871","DOIUrl":"https://doi.org/10.1111/1475-4932.12871","url":null,"abstract":"<p>We analyse potential macroeconomic determinants of worker learning curves by matching exogenous changes in macroeconomic conditions during the Great Recession to high-frequency data on worker productivity from supermarkets. We find evidence of a statistically significant learning curve among new cashiers. Despite finding that higher unemployment rates induce greater effort by workers in general, the learning rate is stronger for cashiers who started work during an economic upturn, while worsening macroeconomic conditions engender a shallower learning curve. Hence, weakening labour markets are not associated with stronger learning rates on average. This analysis yields important implications for firms and policy-makers in understanding worker behaviour on the job across business cycles.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":"169-185"},"PeriodicalIF":1.1,"publicationDate":"2025-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12871","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492566","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":"Audit Culture: How Indicators and Rankings are Reshaping the World, by Cris Shore and Susan Wright (Pluto Press, London, 2024), pp. 248","authors":"Ruoxuan Li","doi":"10.1111/1475-4932.12873","DOIUrl":"https://doi.org/10.1111/1475-4932.12873","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"408-410"},"PeriodicalIF":1.2,"publicationDate":"2025-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145037585","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":"Toward a Wider Vision of Behavioral Economics, by Peter E. Earl (PE:AT Publishing, Australia, 2024), 306 Pages, Paperback","authors":"Gigi Foster","doi":"10.1111/1475-4932.12874","DOIUrl":"https://doi.org/10.1111/1475-4932.12874","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 335","pages":"598-602"},"PeriodicalIF":1.2,"publicationDate":"2025-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145719466","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":"The Greatest of All Plagues: How Economic Inequality Shaped Political Thought from Plato to Marx, by David L. Williams (Princeton University Press, Princeton & Oxford, 2024)","authors":"Maria Bach","doi":"10.1111/1475-4932.12872","DOIUrl":"https://doi.org/10.1111/1475-4932.12872","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"405-407"},"PeriodicalIF":1.2,"publicationDate":"2025-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145038510","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":"The Economics of Developing and Emerging Markets, by Charles Marrewijk, Steven Brakman and Julia Swart (Cambridge University Press, Cambridge, 2023), 538 pages","authors":"Ligang Song","doi":"10.1111/1475-4932.12870","DOIUrl":"https://doi.org/10.1111/1475-4932.12870","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"403-404"},"PeriodicalIF":1.2,"publicationDate":"2025-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145038498","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":"Behavioral Public Economics: Social Incentives and Social Preferences, by Shinji Teraji (Routledge, Canberra, 2022), pp. 205 pages + xii front matter","authors":"Ralf Steinhauser","doi":"10.1111/1475-4932.12869","DOIUrl":"https://doi.org/10.1111/1475-4932.12869","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"401-402"},"PeriodicalIF":1.2,"publicationDate":"2025-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145037582","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":"The Two Parent Privilege: How Americans Stopped Getting Married and Started Falling Behind, by Melissa S. Kearney (The University of Chicago Press, Chicago, 2023), pp. 225","authors":"Kay Cook","doi":"10.1111/1475-4932.12868","DOIUrl":"https://doi.org/10.1111/1475-4932.12868","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 334","pages":"397-400"},"PeriodicalIF":1.2,"publicationDate":"2025-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145038566","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}
Michael B. Charles, Michael A. Kortt, Marcus K. Harmes
The study of economics has been part of Australian tertiary education from close to its early beginnings, yet this long-standing presence is offset by perceived current challenges in the relevance and strength of the discipline. Using an online content analysis approach, this study analyses current units of study in every Australian public university that provides undergraduate tertiary education in economics. In specific terms, this study offers a detailed analysis of what economics education is currently being taught, together with the types of university entities providing this education. Overall, the analysis presented here reveals that the study of economics might appear relatively strong on the surface, especially, although not unexpectedly, among the elite Group of Eight institutions. However, the study also shows that economics offerings are now being spread across various university entities that do not count economics among their core disciplinary offerings, such as health and environmental science. In addition, several universities have developed new undergraduate degrees incorporating but not focusing exclusively on economics, in most cases seemingly as a means to repackage and extend humanities or social science offerings such as philosophy and political science.
{"title":"Economics Education in Australian Public Universities: An Investigation of the Current State of Play","authors":"Michael B. Charles, Michael A. Kortt, Marcus K. Harmes","doi":"10.1111/1475-4932.12866","DOIUrl":"https://doi.org/10.1111/1475-4932.12866","url":null,"abstract":"<p>The study of economics has been part of Australian tertiary education from close to its early beginnings, yet this long-standing presence is offset by perceived current challenges in the relevance and strength of the discipline. Using an online content analysis approach, this study analyses current units of study in every Australian public university that provides undergraduate tertiary education in economics. In specific terms, this study offers a detailed analysis of what economics education is currently being taught, together with the types of university entities providing this education. Overall, the analysis presented here reveals that the study of economics might appear relatively strong on the surface, especially, although not unexpectedly, among the elite Group of Eight institutions. However, the study also shows that economics offerings are now being spread across various university entities that do not count economics among their core disciplinary offerings, such as health and environmental science. In addition, several universities have developed new undergraduate degrees incorporating but not focusing exclusively on economics, in most cases seemingly as a means to repackage and extend humanities or social science offerings such as philosophy and political science.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":"186-202"},"PeriodicalIF":1.1,"publicationDate":"2025-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12866","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492861","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}
The consequences of the pandemic for potential output will partly hinge on its impact on productivity-enhancing reallocation. While recessions can accelerate this process, the more ‘random’ nature of the COVID-19 shock coupled with policy responses that prioritised preservation could disrupt productivity-enhancing reallocation. Our analysis based on novel high-frequency employment data for Australia shows that labour reallocation (and firm exit) remained connected to firm productivity over 2020 and 2021. However, outside of the initial acute phase of the shock, the relationship weakened significantly compared to history. Australia's job retention scheme (JobKeeper) initially reinforced the connection between growth and productivity, supporting more productive firms. But it became more distortive over time and as the economy recovered.
{"title":"The Effects of COVID-19 and JobKeeper on Productivity-Enhancing Reallocation in Australia1","authors":"Dan Andrews, Elif Bahar, Jonathan Hambur","doi":"10.1111/1475-4932.12856","DOIUrl":"https://doi.org/10.1111/1475-4932.12856","url":null,"abstract":"<p>The consequences of the pandemic for potential output will partly hinge on its impact on productivity-enhancing reallocation. While recessions can accelerate this process, the more ‘random’ nature of the COVID-19 shock coupled with policy responses that prioritised preservation could disrupt productivity-enhancing reallocation. Our analysis based on novel high-frequency employment data for Australia shows that labour reallocation (and firm exit) remained connected to firm productivity over 2020 and 2021. However, outside of the initial acute phase of the shock, the relationship weakened significantly compared to history. Australia's job retention scheme (JobKeeper) initially reinforced the connection between growth and productivity, supporting more productive firms. But it became more distortive over time and as the economy recovered.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"101 333","pages":"142-168"},"PeriodicalIF":1.1,"publicationDate":"2025-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144492580","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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