Tag Archives: pc

PC calls for partial inclusion of family home in pension means test

Last week, Treasurer Scott Morrison warned young Australians not to expect they can rely on the age pension in the future. This was good advice, because the budgetary pressures facing the Commonwealth Government, emphasised again this week in grim forecasts … Continue reading

Posted in Budget, Uncategorized | Tagged , , , , , , , , | 4 Comments

PC concludes there are some adverse employment impacts from minimum wage increases

The President of the Queensland Council of Unions is reported in the Brisbane Times this morning as noting “There is no empirical evidence that cutting wages creates more jobs” (Qld unions to make penalty rates election battlefield). In my view, … Continue reading

Posted in Labour market | Tagged , , , | 2 Comments

Productivity Commission re-litigates road pricing reform

In situations where demand exceeds supply, a good or service can either be rationed by queuing or rationed by price. Economic theory is clear that it is most efficient to ration by price, as the good or service goes to … Continue reading

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ACE2015 careers session on a day in the life of a professional economist

The 2015 Australian Conference of Economists (ACE2015) has commenced in Brisbane at QUT’s Gardens Point campus. Yesterday I participated as a panelist in a session at the PhD Colloquium on a day in the life of a professional economist, along … Continue reading

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Addressing youth unemployment requires reform of workplace relations policies

Youth unemployment has re-emerged as a significant problem in recent years (see chart above), partly as a result of the general economic sluggishness since the financial crisis. Also, Australia’s inflexible workplace relations regulations are likely playing a role, and youth … Continue reading

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2014 wrap up – Qld Govt excelled on budget management, but Adani & Tatts deals questionable

The Queensland Government’s major economic policy achievements in 2014 included: strong budget management, particularly through expenditure restraint, with the Mid Year Fiscal and Economic Review reporting that expenses in 2014-15 are expected to now be $720 million lower than budget … Continue reading

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Productivity Commission has scope to consider student visa rorts

One of my loyal readers often says to me that “Australians love a good rort”, and indeed there are several government policies and programs that allow rorting to various degrees. So I’m pleased that the fiercely independent Productivity Commission is … Continue reading

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