Victoria

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Bank Royal Commission (II)

NEP poll 35 - February 2019

In the first poll of 2019 – following on from our Banking Royal Commission poll last year about the risk of a credit squeeze, and before the Commission’s Final Report was released – our panellists were asked for their opinions on the following proposition:

"There is no way to significantly increase the degree to which Australian retail banks act in the interests of consumers."

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Creating a level playing field: evidence from three field experiments - A conversation with Andreas Leibbrandt

Creating a level playing field - evidence from three field experiments

About 50 years ago the landmark equal pay case in Australia introduced principles for equal pay for men and women. Despite our efforts, women still earn substantially less than men. Recent statistics published by Workplace Gender Equality Agency indicate that the average full-time base salary gender pay gap was 16.2% in 2017-18 (source:https://www.wgea.gov.au/topics/gender-pay-gap)

This is the second of two ESA podcasts that explore current research into the drivers of the gender wage gap. It additionally explores research on reducing the wage gap for minority groups.

In this podcast, Professor Andreas Leibbrandt discusses his field experiments that examine how seemingly minor differences in real job ad descriptions affect the behaviour of applicants. With this experimental framework he has investigated contextual factors that affect: whether women sort out of competitive workplaces, whether women initiate salary negotiations and whether equal opportunity statements increase applications from minority groups. We discuss the possible mechanisms behind his field experiment results, and implications for organisations aiming to reduce wage gaps.

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Does confidence really advance women’s careers? A conversation with Leonora Risse

About 50 years ago the landmark equal pay case in Australia introduced principles for equal pay for men and women. Despite our efforts, women still earn substantially less than men. Recent statistics published by Workplace Gender Equality Agency indicate that the national wage gap was 14.6% in August 2018 (source: https://www.wgea.gov.au/addressing-pay-equity/what-gender-pay-gap).

In this podcast, Dr Leonora Risse discusses her research into a common piece of advice for women – to be more confident in the workplace. Dr Risse explains how she estimated the relationship between confidence and pay and promotions, separately for men and women, using the Household, Income and Labour Dynamics in Australia (HILDA) survey data. We discuss her unexpected findings, as well as the implications of her research for Australians and organisations working towards reducing the gender pay gap.

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Congestion Pricing

For our November poll, panelists were asked the following:  "In general, using more congestion charges in crowded transportation networks — such as higher tolls during peak travel times in cities, and peak fees for airplane takeoff and landing slots — and using the proceeds to lower other taxes would make citizens on average better off."

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ACE2019

ACE2019, hosted by the Victoria branch of ESA, will be held from 14-16 July at the Pullman Melbourne on the Park. The call for Submissions is now open and you are invited to submit a paper or extended abstract for presentation at ACE2019.  Guidelines and all information is on the Conference Website. Early Bird Registration is also now open - click here to register.

Banking Royal Commission and the Credit Crunch

For our October Poll we asked the panel to comment on two propositions relating to the Banking Royal Commission and the Credit Crunch.

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Waste Policy

For our August poll, we asked panellists to consider the following proposition: "There are clear net benefits for Australians from (further) increasing the diversion of waste from Australian landfills."

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The rise of protest politics – a conversation with Danielle Wood

Voters are abandoning the major parties. More than one-in-four Australians voted for anyone except the ALP, LNP, or the Greens in the Senate in 2016, compared to just over one-in-ten voters in 2007.

Why are Australians so disillusioned with the political mainstream? And are there similarities with the rise of ‘outsider politics’ in other countries including the Trump presidential victory and Brexit?

In this podcast Danielle Wood discusses her research on voting patterns, which draws on techniques from economics, psychology and political science to understand the rising minor party vote in Australia.

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Awards 2018

There were a number of prestigious awards bestowed upon worthy economists at the recently held ACE2018 in Canberra, including the inaugral Trevor Swan Memorial Prize.  

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Queens Birthday Honours 2018

The following economists were recognised in the Queens Birthday Honours.  Congratulations to Professor John W FREEBAIRN AO; Emeritus Professor Geoffrey Colin HARCOURT AC and Emeritus Professor Margaret Jennifer NOWAK AM.  Professors Freebairn and Nowak are also NEP panellists - keep reading to see their contributions.

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Live recording: Commonwealth Budget Review 2018/19

This podcast is a live recording of the recent Commonwealth Budget Review for 2018/19. On May 16th 2017, Peter Martin (Fairfax Media), Danielle Wood (Grattan Institute) and Lisa Gropp (Business Council of Australia) shared their perspectives on the budget, digging into topics such as the income tax package, infrastructure spending and budget forecasting. Thanks to Brendan Coates (Grattan Institute) for hosting.

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Technology & Competition laws: A conversation with Dr Stephen King

"If you are not paying for it, you're not the customer; you're the product being sold."
twitter.com/andlewis/status/24380177712 

There is little doubt that consumers have benefited from zero price services from the likes of Facebook, Google and even Visa and Mastercard. But is there such a thing as a free emoji? In this podcast Dr. Stephen King explains the two-sided nature of the markets in which these companies compete. He also discusses how economists have grappled with the complexity of these markets in problems ranging from the misuse of market power to ownership of personalised data.

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Will robots take our jobs? A conversation with Professor Jeff Borland

The robots are coming. The world of human work is fast disappearing. This is the future according to the doomsayers who seem at present to dominate discussion on the effects of computers in Australia. It’s a catchy story, and perhaps it fits with what we feel is happening around us. But it has rather a big problem. There is not much (or any) evidence to support it.

In the first of a new series of podcasts for members we ask Professor Jeff Borland: Will robots take our jobs?

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