This article analyses the relationship between income, wealth, wealth-adjusted income and age in Australia using a 2009–10 cross-sectional data set. The main findings are: (i) wealth and wealth-adjusted income generally rise with age, while income is constant across the life cycle; (ii) both income inequality and wealth inequality rise until mid-life and fall thereafter, while wealth-adjusted income inequality depends on the method of calculation used, one showing a fall in later life and another showing no fall; and (iii) after income, wealth and wealth-adjusted income inequalities are adjusted for age, underlying inequality is lower in all three cases.
Productivity and Policy in Higher Education / Kenneth Moore , Gwilym Croucher & Hamish Coates
Understanding and improving the performance of public higher education institutions is a matter of growing interest to university and government leaders. To this end, this article surveys dimensions of recent approaches to productivity measurement in higher education, illustrating trends, limitations and developments, and exemplifies these with reference to Australian universities. The article closes by discussing policy considerations that would help augment the design of policy, making comment on the implications for performance?incentivised funding of higher education.
Valuing the Humanities / John O’Mahony, Rohan Garga, Michael Thomas & Max Kimber
Humanities education and research have been a critical foundation of societies for centuries. However, societal change and the broadening of tertiary education over time have negatively affected the position and perception of the humanities, at least in relative terms. This article aims to redress this slide, informing discussion by bringing together new and existing evidence. We find that businesses, governments and societies in general benefit from humanities?educated individuals. We also find the humanities can improve students’ job and earning prospects and equip them with a range of technical and transferrable skills.
Distributing Student Places in Australian Higher Education / Andrew Norton
Higher education systems need policies for distributing student places between higher education providers, courses and students. In supply-driven systems, government and university decisions dominate. In demand-driven systems, student choices play a larger role. Over the last 35 years Australia has moved from a supply-driven to a largely demand?driven university system and then partly back again. When students pay their own costs, both major political parties have supported market distribution of student places for decades. But for subsidised student places there is policy instability, due to fluctuating priorities for containing public expenditure and responding to demographic and labour market changes.
The National Coronial Information System: Saving Lives through the Power of Data
The National Coronial Information System (NCIS) is a secure database of mortality-specific information on deaths reported to a coroner in Australia and New Zealand. The NCIS contains data on over 380,000 cases, investigated by a coroner. Data include demographic information on the deceased, contextual details on the nature of the fatality and searchable medico?legal case reports including the coronial finding, autopsy and toxicology report and police notification of death. The database is available to coroners to assist investigations and appropriate access is available on application for research or monitoring projects.
Practical Empirical Research Using gretl and hansl / Artur Tarassow
This article provides an introduction to the free open-source statistics and econometrics software gretl. The software is an attempt to bridge the different demands for teaching at different levels. Furthermore, it also provides functionalities required for professional work. We also introduce gretl’s powerful and intuitive scripting language ‘hansl’. This article can be seen as an illustrated step-by-step guide that uses a real-life data analysis example. Finally, I estimate a vector autoregressive time-series model using gretl for structural analyses as well as for forecasting purposes.
SOURCE: Wiley Online Library. “Australian Economic Review*.” Table of Contents Volume 52, Issue 2, June 2019
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