Retirement has traditionally been viewed as a process that involves an abrupt change from working continuously in a full-time job to leaving the labour force completely and remaining permanently retired. Today the pathways to retirement are believed to be much more diverse, with many more people expected make a gradual transition into retirement. These transition...

This paper expounds a story in four stages to explain the world credit crisis, namely: (1) too much credit - an international perspective, (2) too much risk - reaction to low real interest rate, (3) the fatal flaw - the new complex financial instruments, and (4) the panic- bank lending dries up. The paper also...

Over the past decade, changes to Australia’s retirement income policy have been announced in almost every Federal Budget, with no signs yet that reform is coming to an end. Indeed, the Simpler Super reforms announced in the 2006 Federal Budget have been described as the largest overhaul of Australia’s superannuation system since the introduction of...

This study examines whether the factors that determine the welfare participation of women who experienced teenage motherhood differ from the factors that determine the welfare participation of women who had their first child at an older age. The authors examine these factors across the lifetimes of both groups of women. A dynamic random effects probit...

This paper demonstrates that the introduction of minimum wage legislation in Australia in 1997 and subsequent minimum wage increases appear not to have had any significant negative employment effects for teenagers.The time-series approach used in the minimum wage literature essentially aims to estimate a treatment effect of increasing the minimum wage. In this paper, the...