{"title":"A Handbook for Wellbeing Policy-Making, by Paul Frijters and Christian Krekel (Oxford University Press, Oxford, 2021), pp. xix + 433","authors":"Uwe Dulleck","doi":"10.1111/1475-4932.12767","DOIUrl":"10.1111/1475-4932.12767","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"99 327","pages":"572-573"},"PeriodicalIF":1.2,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136262716","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 Power of Hope: How the Science of Well-Being Can Save Us From Despair, by Carol Graham (Princeton University Press, Princeton, 2023), 200 pp.","authors":"Leisa Aitken","doi":"10.1111/1475-4932.12771","DOIUrl":"10.1111/1475-4932.12771","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"99 327","pages":"564-566"},"PeriodicalIF":1.2,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135918329","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}
We examine the global distribution of company profitability over the 30 years from 1989 to 2018 focusing on the international dimension. We find the international component of profitability differences first declines and then rises. Regression analysis of time-series data shows that transitory shocks to international profitability differences mostly dissipate over a few years, although there is evidence of persistent profitability differences for many countries. Dividing the sample to accommodate a structural break, the rate of dissipation declines between 1989–2002 and 2003–2018 subperiods. The extent of persistent differences also declines, suggesting convergence of international differences in profitability may have reached its limit.
{"title":"International Differences in Profitability*","authors":"Harry Bloch, Yixiao Zhou","doi":"10.1111/1475-4932.12769","DOIUrl":"10.1111/1475-4932.12769","url":null,"abstract":"<p>We examine the global distribution of company profitability over the 30 years from 1989 to 2018 focusing on the international dimension. We find the international component of profitability differences first declines and then rises. Regression analysis of time-series data shows that transitory shocks to international profitability differences mostly dissipate over a few years, although there is evidence of persistent profitability differences for many countries. Dividing the sample to accommodate a structural break, the rate of dissipation declines between 1989–2002 and 2003–2018 subperiods. The extent of persistent differences also declines, suggesting convergence of international differences in profitability may have reached its limit.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"100 328","pages":"101-116"},"PeriodicalIF":1.2,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12769","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136292351","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":"The Fiscal Theory of the Price Level, by John H. Cochrane (Princeton University Press, Princeton, 2023), 584 pp.","authors":"Willem Hendrik Buiter","doi":"10.1111/1475-4932.12768","DOIUrl":"10.1111/1475-4932.12768","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"99 327","pages":"568-572"},"PeriodicalIF":1.2,"publicationDate":"2023-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135197766","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":"How Economics Can Save the World: Simple Ideas to Solve Our Biggest Problems, by Erik Angner (Penguin Business, London, 2023), pp. 288","authors":"N. Emrah Aydinonat","doi":"10.1111/1475-4932.12772","DOIUrl":"10.1111/1475-4932.12772","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"99 327","pages":"566-568"},"PeriodicalIF":1.2,"publicationDate":"2023-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134944609","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 paper quantifies the productivity advantages of urban firms in Australia. Following Combes et al. (Econometrica 2012, 80, 2543), we decompose the source of urban advantages into agglomeration and selection effects using the most exhaustive data source on Australian businesses: the Business Longitudinal Analysis Data Environment (BLADE). We find that urban advantages increase the productivity of the average firm by nearly 6 per cent, and that most of such advantages are attributed to agglomeration effects rather than selection. Urban advantages differ substantially across sectors and by firm age. In particular, they are larger in services than in manufacturing and relatively benefit mature firms. We also perform a state‐level analysis, which largely confirms our main findings at the country level.
{"title":"Uncovering Urban Advantages: Evidence from Australian Firm‐Level Data *","authors":"Anthony Bellofatto, B. Domínguez, Elyse C. Dwyer","doi":"10.1111/1475-4932.12753","DOIUrl":"https://doi.org/10.1111/1475-4932.12753","url":null,"abstract":"This paper quantifies the productivity advantages of urban firms in Australia. Following Combes et al. (Econometrica 2012, 80, 2543), we decompose the source of urban advantages into agglomeration and selection effects using the most exhaustive data source on Australian businesses: the Business Longitudinal Analysis Data Environment (BLADE). We find that urban advantages increase the productivity of the average firm by nearly 6 per cent, and that most of such advantages are attributed to agglomeration effects rather than selection. Urban advantages differ substantially across sectors and by firm age. In particular, they are larger in services than in manufacturing and relatively benefit mature firms. We also perform a state‐level analysis, which largely confirms our main findings at the country level.","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"1 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89659139","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}
Klaus Ackermann, Sefa Awaworyi Churchill, Russell Smyth
We empirically examine the impact of high-speed internet access on cognitive functioning using data from the Household, Income and Labour Dynamics in Australia survey and crystallised and fluid intelligence measures. Leveraging differences in the National Broadband Network rollout across Australia, we find that high-speed internet access causes a decline in crystallised intelligence and that the effects are mediated by social capital and moderated by age and gender. Although no overall effect on fluid intelligence was observed, a decline was noted in young adults. These findings underline the nuanced influence of high-speed internet access on different aspects of cognitive function.
{"title":"Broadband Internet and Cognitive Functioning*","authors":"Klaus Ackermann, Sefa Awaworyi Churchill, Russell Smyth","doi":"10.1111/1475-4932.12757","DOIUrl":"10.1111/1475-4932.12757","url":null,"abstract":"<p>We empirically examine the impact of high-speed internet access on cognitive functioning using data from the Household, Income and Labour Dynamics in Australia survey and crystallised and fluid intelligence measures. Leveraging differences in the National Broadband Network rollout across Australia, we find that high-speed internet access causes a decline in crystallised intelligence and that the effects are mediated by social capital and moderated by age and gender. Although no overall effect on fluid intelligence was observed, a decline was noted in young adults. These findings underline the nuanced influence of high-speed internet access on different aspects of cognitive function.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"99 327","pages":"536-563"},"PeriodicalIF":1.2,"publicationDate":"2023-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12757","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85593489","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}
This paper uses Programme for International Student Assessment (PISA) data linked to administrative data to track the educational and labour market outcomes of young people. Students with lower skills have lower rates of participation in further education. While low-skilled men out-earn their higher-skilled counterparts when they are very young, their earnings are overtaken by those with higher skills when they are in their early 20s, and they earn around 15 per cent less by the age of 25. The differences among women are substantially larger – women with low skills earn approximately 35 per cent less than their higher-skilled counterparts by age 25.
{"title":"Basic Reading and Mathematics Skills and the Labour Market Outcomes of Young People: Evidence from PISA and Linked Administrative Data*","authors":"Lisa Meehan, Gail Pacheco, Thomas Schober","doi":"10.1111/1475-4932.12755","DOIUrl":"10.1111/1475-4932.12755","url":null,"abstract":"<p>This paper uses Programme for International Student Assessment (PISA) data linked to administrative data to track the educational and labour market outcomes of young people. Students with lower skills have lower rates of participation in further education. While low-skilled men out-earn their higher-skilled counterparts when they are very young, their earnings are overtaken by those with higher skills when they are in their early 20s, and they earn around 15 per cent less by the age of 25. The differences among women are substantially larger – women with low skills earn approximately 35 per cent less than their higher-skilled counterparts by age 25.</p>","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"99 327","pages":"473-491"},"PeriodicalIF":1.2,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/1475-4932.12755","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78168067","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":"Measuring Local Economic Activity Using Pedestrian Count Data*","authors":"Y. Navon, A. de Silva","doi":"10.1111/1475-4932.12756","DOIUrl":"https://doi.org/10.1111/1475-4932.12756","url":null,"abstract":"","PeriodicalId":47484,"journal":{"name":"Economic Record","volume":"58 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87082982","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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