Unemployed Australians who accessed their super during COVID stayed on benefits seven weeks longer than similarly-placed recipients who did not.
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Crawford School of Public Policy, Australian National University
Crawford School of Public Policy at The Australian National University is Asia and the Pacific’s leading graduate public policy school. Crawford School is home to influential publications including the journal Asia and the Pacific Policy Studies, and publications such as East Asia Forum, Dev Policy Blog, Policy Forum, Solutions, and Advance.
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From the 1870s on, continual improvements in living standards became a birthright – not for everyone, but for humanity as a whole. King Charles III inherits a different future.
Fossil fuel subsidies from major economies nearly doubled in 2021, reaching almost US$700 billion. Here’s how Australia stacks up.
On September 20, the single rate of JobSeeker will climb $25.70, to $668.40 a fortnight – its biggest-ever automatic jump. Yet that’s only $17,378 a year: not even two-thirds of the poverty line.
How do you measure the productivity of a hairdresser, or a teacher, or an aged care worker? It’s harder than you might think.
We have fewer workers changing jobs and fewer new firms than we used to.
Among the top economists surveyed was the man who designed Australia’s higher education loans scheme – who described funding for vocational education as a “mess”.
Governments budget in billions. Yet analysis prepared for The Conversation shows they’ve been extraordinarily stingy with pay rises – particularly when it comes to teachers and nurses.
What’s driving this new ultra-low unemployment? Digging into economic data reveals something we haven’t seen before – which has already changed the lives of almost 100,000 Australians.
Asked how high an inflation rate Australia should prepare to tolerate, three of the 48 economists nominated 8% or higher. Seven expected inflation to fall without the need for further action.
News organisations employing employing 15-20% of Australian journalists still don’t get paid by Facebook.
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
The requirement that super funds act in the best financial interests of their members is up for review, as is the nature of the performance test that weeds out poorly-performing funds.
From October, Australia will start routinely quantifying the benefits as well as costs of federal spending. It’s already shaping up as the new treasurer’s most important legacy.
Compared with other OECD nations, Australians pay much less tax than some headline statistics suggest.
The panel believes Australia will avoid a recession the year ahead, but is much less certain about the United States. It expects real wages to go backwards and economic growth to sink.
India is now the third-largest birthplace of Australian residents behind Australia and England, while for the first time less than half of the population has identified as Christian.
Australia already imposes a super-profits tax of 40% on gas producers, but very little is paid. Yet we know how to simplify the system, so we’re not gifting billions to multinational companies.
If financial markets are to be believed, you’ll be paying $1,000 a month more on a $500,000 mortgage by the end of next year. But I don’t think interest rates will go that high – here’s why.
New treasurer Jim Chalmers was part of Australia’s successful effort to avoid the last US-led “great recession” in 2008. He may need to draw on those lessons sooner than we’d like.
Authors
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Visiting Fellow and Director – Micro heterogeneity and Macroeconomic Performance program, Crawford School of Public Policy, Australian National University
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Professor, Crawford School of Public Policy, Australian National University
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Research Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor of Public Policy, Crawford School of Public Policy, Australian National University
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Professor, Crawford School of Public Policy, Australian National University
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Economist, Crawford School of Public Policy, Australian National University
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Peter Whiteford is a Friend of The Conversation.
Professor, Crawford School of Public Policy, Australian National University
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Australian Laureate Professor, Crawford School of Public Policy, Australian National University
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Professor of Economics, Crawford School of Public Policy, Australian National University
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Adjunct Professor, Crawford School of Public Policy, Australian National University
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Professor of Economics and Director, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor in the practice of public policy and antitrust, Crawford School of Public Policy, Australian National University
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Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Distinguished Professor of Economics and Public Policy, ANU Centre for Applied Macroeconomic Analysis (CAMA), Crawford School of Public Policy, Australian National University
