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CEDA’s Economic and Policy Outlook 2023 looks at the key issues likely to shape economic and policy outcomes in the year ahead. It provides valuable analysis to help policy-makers and business respond to critical issues.
Human capital theory supports the view that people with higher levels of education and lower incidences of chronic illness should have higher labour productivity. This paper examines the Australian evidence. Hourly wages can be used as an indicator of labour productivity. While wages are likely...