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Mardi Dungey and John Pitchford argue economists often tend to comment that inflation will tend to increase (or decrease) if growth is higher or lower than the "potential" growth rate of the economy. After setting out a theoretical justification for such a statement, the authors...
Cross country comparisons of lifecycle labour supplies show that female hours of market work are significantly lower in Australia than in other comparable OECD countries, notably, the US, UK and Sweden. This paper argues that an explanation can be found in the rate structure of...
A common critique of most measures of income inequality, which are based on a single year's income, is that they fail to take account of income mobility.
If income fluctuations are large, and individuals can smooth consumption, then high inequality and high mobility may...