This paper focuses on the correlation of labour market outcomes of parents and children and investigates whether education is an important factor in this correlation , allowing for its potential endogeneity. Based on the Household, Income and Labour Dynamics in Australia (HILDA) data, the multivariate analyses show that men’s labour market outcomes are affected by...

Conservative critics of Keynesian fiscal stimulus policies usually criticise such policies because of the increase in public debt that results. Hence a burden on future taxpayers would be imposed. But there are qualifications. Firstly, if there is an initial output gap that cannot be eliminated with monetary policy, fiscal expansion will increase current output, and...

This report forecasts that by September 2009, growth in real GDP in Australia will slow to 0.5 per cent, the unemployment rate will rise to 5.5 per cent and underlying inflation will stay above 3.0 per cent. The Melbourne Institute Monthly Bulletin of Economic Trends provides forecasts of the state of the Australian economy. Variables...

This paper uses data from the Household, Income and Labour Dynamics in Australia Survey and a simultaneous equations approach to analyze the effects of the 2004 government funded 'Baby Bonus' on fertility intentions and ultimately births.In May 2004, the Australian government announced a “Baby Bonus” policy, paying women an initial A$3,000 per new child. The...

The Melbourne Institute Wages Report provides business, economists, policy makers and academics with up-to-date information on wage pressure in the economy. A drawback of the ABS Average Weekly Earnings (AWE) publication, for example, is that it is published with a significant lag, with release figures typically being one quarter out-of-date. Moreover, most other published wage...