Australia’s National Drought Policy is considered to be one of the most advanced in the world, recognising as it does the reality of climate and focusing on adapting farm management to climatic uncertainty rather than simply subsidising agriculture in low rainfall areas. But while the underlying principles of the Policy seem to be sound, after...

Australian agriculture both contributes to and is vulnerable to climate change. It is Australia's second highest greenhouse gas emitting sector, although this does not account for carbon sequestration, and is the sector most vulnerable to climate change with production expected to fall in the absence of effective abatement action.

Towards the end of the past decade, signs were emerging as to future challenges associated with impending intersections between the ageing of global rural populations and their impacts on agricultural production and food safety. In a landmark paper for the Food and Agriculture Organisation (FAO), Iaquinta et al. (1999) made a strong plea for additional...

In recent years, the US, UK and Australia have lowered tax rates on high incomes and expanded tax credits and family transfer payments that are withdrawn on the joint income of a couple. These reforms result in significant changes in the structure of marginal and average income tax rates. In this paper the authors present...

This paper considers how asymmetric tax treatment, where labour market earnings are taxed but household production is untaxed, affects educational choice and labour supply in a perfectly competitive labour market. The authors show that taxes on labour market earnings can generate a large (non-marginal) switch to home production and the ensuing deadweight losses are large...