Monthly Archives: July 2016

Being unpredictable helps guard against collusion: a lesson from the 2016 Colin Clark Lecture

Professor Leslie Marx of Duke University delivered the 2016 Colin Clark Lecture last Tuesday morning at Customs House in Brisbane on how to defend against potential collusion by suppliers. In industries with a small number of players who can readily … Continue reading

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Were 80% of new Qld jobs in 2015-16 public service jobs?

The Courier-Mail is correct to highlight the large increase in public service employment that has occurred recently in Queensland, and it is on the right track in suggesting public service jobs are a large share of new jobs created, but … Continue reading

Posted in Labour market, Uncategorized | Tagged , , , , | 4 Comments

Recommended reading: Matchmakers

It was reported in yesterday’s Sunday-Mail (24 July, p. 21) that “Baby boomers are increasingly turning to Uber, Airbnb and eBay to boost their retirement income because of stockmarket falls and minuscule bank interest rates.” That is, they are participating … Continue reading

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Townsville’s double digit unemployment rate signifies major downturn in region

Yesterday afternoon I had a good chat with Pat Hession on Townsville ABC Radio about the latest discouraging unemployment data for my old home town of Townsville. Readers will be familiar with the vastly different economic conditions across Queensland (see … Continue reading

Posted in Labour market, Townsville, Uncategorized | Tagged , , , , , | 17 Comments

HILDA reveals very wealthy Canberra households, while Queenslanders much less wealthy

The relatively high salaries of Canberra public servants are allowing them to build up healthy asset portfolios, while average Queenslanders are much less wealthy, according to the University of Melbourne’s Household, Income and Labour Dynamics Australia Survey, the latest report … Continue reading

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Judith Sloan right to criticise over-reliance on renewable energy

Judith Sloan, Contributing Economics Editor to the Australian, has a brilliant op-ed in the paper today (see Energy price reveals folly of renewables) criticising policies targeting renewable energy, following the wholesale electricity price spike that occurred in South Australia last … Continue reading

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IR reforms could improve employment opportunities for young Australians

Almost eight years after the 2008 financial crisis, young Australians still face a significantly tougher job market than before the crisis. To illustrate, the employment-to-population ratio for young Australians aged 15 to 24 remains well below rates experienced prior to … Continue reading

Posted in Labour market, Macroeconomy, Uncategorized | Tagged , , , , , , , , | 4 Comments