Victoria

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The Federal Budget May 2021

Poll 46

"On May 11, the government delivered a budget designed, in the Treasurer's words, to 'secure Australia's economic recovery and build for the future'.  What grade would you give the budget given that objective, A, B, C, D, E, F?"

Photo credit Wes Mountain/The Conversation, CC BY-ND

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ACE2021

It is our pleasure to invite you to the Australian Conference of Economists (ACE) 2021 to be held from 12 to 14 July 2021 as a fully virtual event.

ACE 2021 will celebrate over 100 years of welfare economics and will bring together like-minded individuals to explore concepts of allocation, utilisation and distribution of our resources as they relate to the wealth and wellbeing of individuals and our society.  

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Budget strategy: how low should the budget attempt to push unemployment?

Poll 45

The budget strategy should commit the government to use fiscal policy to quickly drive down the unemployment rate until it is comfortably.....

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Awards 2020

A number of prestigious awards were bestowed upon worthy economists at a recent Zoom ceremony.  Read on to find out who won the 2020 ESA National Awards.

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Short Supply - ESSA's Annual Student Publication

Short Supply is an annual publication of the Economics Student Society of Australia. Launched in 2015 by ESSA’s Monash University branch, it has served as an outlet for student writers and academics to share thoughts and insights on a particular theme. This year's publication, which was launched in mid-August, focuses on the theme of "disasters". Previous editions of the publication are also available on the ESSA website.

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On young people climbing the jobs ladder - A conversation with Catherine de Fontenay and Jeff Borland

Young workers’ careers typically progress by climbing a ladder of job opportunities. But during a slowdown, young workers start on a lower rung and progress more slowly up the jobs ladder.

In this podcast, Commissioner Catherine de Fontenay from the Productivity Commission and Professor Jeff Borland from the University of Melbourne discuss recent research on youth incomes and explain the implications of their research for young people in the context of the COVID-19 pandemic.

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Winner of the Joseph Stiglitz Essay Prize

IEA have announced the winner of this year's Joseph Stiglitz Essay Prize

Nicolas de Laubier-Longuet Marx from USA, Ahmed Abdul Mumin from Scotland, and Wannaphong Durongkaveroj from Australia for the Joseph Stiglitz Essay Prize in the Graduate Student category and Daksh Walia  and Pradnyee Kantak, both from India in the undergraduate student category.  All winners get a cash prize and are expected to be present at the 19th World Congress. I hope these awards will play a role in inspiring the winners not just to be creative thinkers but responsible citizens of the world

Infrastructure Victoria Policy Paper - Good Move: Fixing Transport Congestion

On Wednesday 25 March 2020, Infrastructure Victoria released its latest policy paper on transport network pricing -- Good Move: Fixing Transport Congestion. You can view Infrastructure Victoria's presentation on the paper here.  The Victorian Branch is working with Infrastructure Victoria to bring Economic Society members a webinar or podcast on this research in coming weeks. Stay tuned for more details.

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Victorian Branch Postpones Public Events Until Further Notice Due to COVID-19

Given the exceptional circumstances surrounding COVID-19, the Victorian Branch of the Economic Society of Australia will be postponing public events until further notice. This includes the Women in Economics Network and the ESA Young Professionals. This is the most sensible course of action to keep our presenters, members, attendees and other members of the community safe. We will closely monitor developments and bring back our events when it is safe to do so.

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On industry innovation - a conversation with Professor Beth Webster

Growing industries may well be a long game, taking decades. What type of polices and processes do we need to support and nurture them in our increasingly globalised world?

In this podcast, Professor Beth Webster discusses what innovation is, how economists have studied innovation, and what they have uncovered about conditions that foster innovation.

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ACE2019

Hosted by the Victoria branch of ESA, ACE2019 was held from 14-16 July at the Pullman Melbourne on the Park. Presentations will be posted progressively.

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Website Updates

The Society's Central Council has initiated a number of improvements and enhancements to the website.

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Follow us on Twitter

We are delighted to announce the launch of ESA's Twitter account.  Keep up to date with economics-related topics and be part of the conversation.

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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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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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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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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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Fitness & the future of work: time to swap out the marathon for F45 - A conversation with Karen Chester

Jobs matter – they are not only a source of income, but also a source of self-esteem, social interaction, purpose and even community. The concept of work, however, is rapidly changing with the advent of the digital economy and a rapidly aging population. So what can Australians do to improve their job prospects and security?

In this podcast Karen Chester discusses recent trends in Australia’s labour market and the fundamental fractures in Australia’s education and training system that could be leaving us unprepared for our current and future labour markets

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Keynote address by Professor Sir Tim Besley to the Australian Conference of Economists

Keynote address by Professor Sir Tim Besley to the Australian Conference of Economists, Melbourne 2019

This is a special edition of the regular ESA podcast, featuring a recording of the keynote speech from the Australian Conference of Economists in Melbourne on 15 July 2019. Professor Sir Tim Besley spoke on Why policy economists should study the dynamics of culture.

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Keynote address by Professor Wendy Carlin to the Australian Conference of Economists

Keynote address by Professor Wendy Carlin to the Australian Conference of Economists, Melbourne 2019

This is a special edition of the regular ESA podcast, featuring a recording of the keynote speech from the Australian Conference of Economists in Melbourne on 16 July 2019. Professor Wendy Carlin from University College London spoke on the Future of Economics & Economics Education - Insights from Machine Learning.

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Career advice for young women from University of Melbourne

The University of Melbourne has launched a campaign that's designed to highlight the women in their Faculty and provides career advice to young women.

Follow this link to view the youtube video, which features some of their top female academics (including economist Guyonne Kalb and Abigail Payne).

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AGM - Appointment of new President

At the recently held AGM, we were sorry to see Jeff Borland step down in his role as President.  We would like to thank Jeff for his extraordinary efforts over a number of years, including presiding over the recently held ACE2019.   Our new President is Mary Cavar.  Follow this link to read more about Mary and meet the rest of the Council Members.

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Events

Policy at the Pub, Rethinking Permanent Skilled Migration after the Pandemic - ONLINE ONLY

Event Type: ESA Event

Date: Wednesday Jun 16, 2021, 5:30 pm

The Economic Society of Australia, Victoria Branch, invites you to the upcoming Policy at the Pub event, with Will Mackey presenting the Grattan Institute recent report Rethinking Permanent Skilled Migration after the Pandemic.

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Australian Conference of Economists (Virtual) - ONLINE ONLY

Event Type: ESA Event

Date: Monday Jul 12, 2021, 12:00 am

From: Central Council

It is our pleasure to invite you to the Australian Conference of Economists (ACE) 2021 to be held from 12 to 14 July 2021 as a fully virtual event.

 

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Welcome

Welcome to the Victorian Branch of the Economic Society of Australia

The Victorian Branch of the Economic Society of Australia was formed in 1925. As such the Society is one of the oldest professional associations in Australia, and the Victorian Branch one of the largest branches of the organization. The Economic Society of Australia is affiliated with the International Economics Association

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