This research investigated the relationship between increasing housing prices (or housing wealth) and the increased consumption expenditure of households from before the GFC and afterwards.
Describes international visitors to Australia, where they go, how long they stay and what they spend.
The positive relationship between income and subjective wellbeing has been well documented. However, work assessing the relationship of alternative material wellbeing metrics to subjective wellbeing is limited. Consistent with the permanent income hypothesis, we find that a consumption measure out-performs income in predicting subjective wellbeing....
It's hard to name an Aussie industry that isn't dominated by a handful of companies, and we all suffer for it. A new analysis proves what we've always known: Australia is prime breeding ground for monopolists, moguls and cartels.
According to the analysis by...
The Australian Goods and Services Tax (GST) is a tax levied on the supply of goods and services in Australia. The GST is charged at a rate of 10 per cent of the final price of goods and services. In the fiscal year ended 30...
To remove cascading effect of taxes and provide a common nation-wide market for goods and services, India is moving towards introduction of Goods and Services Tax (GST). Under the proposed indirect tax reform both Central and State Governments will have concurrent taxation power to levy...
Investigates the relationship between housing wealth and consumption using postcode-level variation in house prices and administrative data on new passenger vehicle registrations as a proxy for consumption.
Understanding the relationship between housing wealth and consumption is important, because it informs the...
It’s the love child of economics and psychology – behavioural economics. It tries to explain people’s rational, or better irrational, behaviour when it comes to financial decision-making and consumption patterns. On Big Ideas, two experts outline the main lessons of behavioural economics and discuss the...
Abstract: Increasing numbers of self-storage facilities on the urban landscape is illustrative of a culture of excessive consumption, underpinned by conventions such as ‘more is better’. This paper explores some key drivers of the growing phenomenon known as self-storage, contending that they are representative of...
This policy brief assesses the advantages and disadvantages of indirect taxes over direct taxes. The appropriate choice for individual countries depends on circumstances, but particularly on views about the relative importance of growth and inequality as well as the ability to offset the effects of...
This paper suggests that political infeasibility to change lifestyle and reduce consumption may not be due to failing public response as much as to structural factors in society.
Examines the coincidence between suburbanisation, mass consumption and mass production during the golden era of Fordism after the Second World War.