Governments budget in billions. Yet analysis prepared for The Conversation shows they’ve been extraordinarily stingy with pay rises – particularly when it comes to teachers and nurses.
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Crawford School of Public Policy, Australian National University
Crawford School of Public Policy at The Australian National University is Asia and the Pacific’s leading graduate public policy school. Crawford School is home to influential publications including the journal Asia and the Pacific Policy Studies, and publications such as East Asia Forum, Dev Policy Blog, Policy Forum, Solutions, and Advance.
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What’s driving this new ultra-low unemployment? Digging into economic data reveals something we haven’t seen before – which has already changed the lives of almost 100,000 Australians.
Asked how high an inflation rate Australia should prepare to tolerate, three of the 48 economists nominated 8% or higher. Seven expected inflation to fall without the need for further action.
News organisations employing employing 15-20% of Australian journalists still don’t get paid by Facebook.
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
The requirement that super funds act in the best financial interests of their members is up for review, as is the nature of the performance test that weeds out poorly-performing funds.
From October, Australia will start routinely quantifying the benefits as well as costs of federal spending. It’s already shaping up as the new treasurer’s most important legacy.
Compared with other OECD nations, Australians pay much less tax than some headline statistics suggest.
The panel believes Australia will avoid a recession the year ahead, but is much less certain about the United States. It expects real wages to go backwards and economic growth to sink.
India is now the third-largest birthplace of Australian residents behind Australia and England, while for the first time less than half of the population has identified as Christian.
Australia already imposes a super-profits tax of 40% on gas producers, but very little is paid. Yet we know how to simplify the system, so we’re not gifting billions to multinational companies.
If financial markets are to be believed, you’ll be paying $1,000 a month more on a $500,000 mortgage by the end of next year. But I don’t think interest rates will go that high – here’s why.
New treasurer Jim Chalmers was part of Australia’s successful effort to avoid the last US-led “great recession” in 2008. He may need to draw on those lessons sooner than we’d like.
The independent review of the Reserve Bank should be headed by someone from outside the country say 12 leading economists in an open letter to the treasurer.
Low-wage earners are going backwards. Here’s why they deserve an increase in the minimum wage by $1 an hour from July 1.
Making promises add up just before an election carries risks. Labor says its no longer willing to wear them.
Both major parties’ schemes would put upward pressure on house prices – but not much. Here’s why, according to a former Australian Treasury official.
On many dimensions, Millennials aged 25-35 are better off than were Boomers, with housing and the environment the big exceptions.
Some earners will take home less after a tax switch legislated years ago and now supported by both sides of parliament.
Why raise rates now, for the first time in more than a decade? If the Reserve Bank isn’t careful, too many more rate hikes like this might help bring on a recession.
Authors
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Visiting Fellow and Director – Micro heterogeneity and Macroeconomic Performance program, Crawford School of Public Policy, Australian National University
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Professor, Crawford School of Public Policy, Australian National University
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Research Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor of Public Policy, Crawford School of Public Policy, Australian National University
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Professor, Crawford School of Public Policy, Australian National University
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Economist, Crawford School of Public Policy, Australian National University
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Peter Whiteford is a Friend of The Conversation.
Professor, Crawford School of Public Policy, Australian National University
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Australian Laureate Professor, Crawford School of Public Policy, Australian National University
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Professor of Economics, Crawford School of Public Policy, Australian National University
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Adjunct Professor, Crawford School of Public Policy, Australian National University
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Professor of Economics and Director, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Professor in the practice of public policy and antitrust, Crawford School of Public Policy, Australian National University
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Visiting Fellow, Tax and Transfer Policy Institute, Crawford School of Public Policy, Australian National University
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Distinguished Professor of Economics and Public Policy, ANU Centre for Applied Macroeconomic Analysis (CAMA), Crawford School of Public Policy, Australian National University
