摘要:

This paper brings new evidence to bear on the question of changes in income distribution amongst individuals in Australia between 1942–43and 1989–90. The changes observed over this period are analyzed in the context of previous studies of the changing distribution of income in Australia over the past 80 years. The main conclusions of the paper are that the distribution of individual income in J 989–90is very similar to that estimated for 1942–43, and there is evidence that income inequality has been increasing during t

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02117.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

The Australian government distributes about 4 per cent of GDP to the State governments in the form of general revenue assistance. The distribution formula, which favours the less populous States, is a source of resentment in Victoria and NSW. We use two general equilibrium models to analyze the regional employment, output and efficiency effects of proposed changes in the formula

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02118.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

This paper addresses the impact of occupational choice and the perception of gender roles on the gender wage differential. We examine the effect of occupational choice upon the level of wages and investigate the determinants of occupational choice. The evidence supports earlier findings that the wage differential is caused by demand discrimination within occupations. We also conclude that if females had a less traditional attitude towards their role in the labour market they would generate an occupational distribution that would produce a higher wage

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02119.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

Models of simultaneous bargaining games are used to analyze the wage outcomes associated with various systems of industrial relations, including bargaining by craft, enterprise, industry or the whole economy. Union structure is a key determinant with highest wage pressure occurring when unions are organized along craft lines at industry level Abandonment of centralized bargaining and the splintering of both union and employer organizations into craft and industry units may well lead both to higher aggregate wage pressure and to greater wage inequality.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02120.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

This paper tests the weak and semi‐strong forms of the Efficient‐Markets Hypothesis (EMH) using data on the Australian skate market in the 1980s. The tests are based on aggregate share price indexes and the semi‐strong efficiency tests use macroeconomic data The weak‐form tests examine the autocorrelation structure of share returns and test for unit roots in share prices. The data are found to be consistent with

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02121.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

The paper provides expressions for optimal international reserve holdings under floating exchange rates These expressions indicate why reserves are held under a floating regime and why the level of reserve holdings under floating rates may be similar to holdings under fixed rates.

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02122.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

The implications for taxation theory of a life‐cycle model of consumption incorporating financial transactions costs are derived The equity case for progressive taxation is shown to correspond in a life‐cycle setting, to an efficiency case. Individuals prefer a progressive tax system to a proportional one because the tax burden is lower when they are young and face high transactions costs of borrowing. Similarly, an income tax is preferred to a consumption tax. Unlike earlier models based on liquidity constraints, the model presented here involves a financial sector consuming real resources. This permits analysis of the tax treatment of financial services in a consumption tax system. Exemption of financial services will generally be desira

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02123.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

Conditions are derived for signing the employment effects in a unionized economy of a legislated cut in hours when productivity depends on the number of hours worked each week. Aggregate data suggest that employment will generally increase after a small cut in hours for the UK but the employment effect is ambiguous for Australia. Disaggregated data for Australia suggest that the employment effect of a cut in hours is often positive However, any cut in hours imposed on a monopoly union, without a cut in pay, will unambiguously lead to a drop in employment

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02124.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

This interview with Sir Leslie Melville focuses on his career which began in 1924 when he was appointed Public Actuary of South Australia. He became the Commonwealth Bank's first economist in 1931. In 1944 he led the Australian delegation to the United Nations Monetary and Economic Conference at Bretton Woods and was the Australian Executive Director of the IMF/World Bank in the earty 1950s During the 1960s and 1970s he was chairman of the Tariff Board and of the Commonwealth Grants Commission He was appointed Professor of Economics in the University of Adelaide in 1929 and was Vice‐Chancellor of the ANU between 1953 and 196

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02125.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY

摘要:

Environmental Economics: Policies for Environmental Management and Sustainable Development, by Clem TisdellThe Elements of a Nonlinear Theory of Economic Dynamics, by Carl ChiarellaSuperannuation and the Australian Financial System, edited by K. Davis and I. HarperThe Politics of Australian Immigration, edited by James iupp and Marie KabalaLong Term Control of Exhaustible Resources, Fundamentals of Pure and Applied Economics, Volume 49, by Pierre LasserreAustralian Industry–What Policy?, edited by Michael Costa and Michael EassonCentral bank strategy, credibility and independence, by Alex CukiermanCounting the Cost of Global Warming, by John Broo

ISSN:0013-0249    

DOI:10.1111/j.1475-4932.1993.tb02126.x

出版商:Blackwell Publishing Ltd    

年代:1993

数据来源: WILEY