#24 June 2009 - Melbourne Institute Newsletter

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39761 MIAESR newsletter no 24

2/6/09

10:37 AM

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Recent 2009 Melbourne Institute Working Papers 13/09 12/09 11/09 10/09 9/09 8/09 7/09

‘What Governs Firm-Level R&D: Internal or External Factors?’ William Griffiths and Elizabeth Webster ‘Identifying Corporate Expenditures on Intangibles Using GAAP’ L.C. Hunter, Elizabeth Webster and Anne Wyatt ‘Tax Policy and the Globalisation of R&D’ Russell Thomson ‘Tax Policy and R&D Investment by Australian Firms’ Russell Thomson ‘Macroeconomic Conditions and Successful Commercialization’ Paul Jensen and Elizabeth Webster ‘Do Patents Matter for Commercialization?’ Elizabeth Webster and Paul Jensen ‘Working Credits: A Low-Cost Alternative to Earned Income Tax Credits?’ Andrew Leigh and Roger Wilkins

Melbourne Institute News June 2009 ISSN 1442-9500 (print)

ISSN 1442-9519 (online)

Working Paper: Measuring Poverty and Social Exclusion in Australia This Working Paper by Rosanna Scutella (Melbourne Institute and Brotherhood of St Laurence), Roger Wilkins (Melbourne Institute) and Michael Horn (Brotherhood of St Laurence) addresses the need to establish a robust measure of socio-economic disadvantage to determine the extent of social exclusion (or ‘being poor’) that is occurring in Australian society.

The Working Paper (4/09) is available from the Melbourne Institute’s website at <www.melbourneinstitute.com>.

Australian Economic Review: June 2009 Issue The latest issue of the Melbourne Institute’s quarterly Australian Economic Review (vol. 42, no. 2) will be released in June. The lead article in the Australian Economic Review is ‘Reflection on Microeconomic Policy Frameworks in Australia, and a Suggestion about Fairness’, by Jonathan Pincus. This article was presented at the Inaugural Department of Economics – Melbourne Institute Lecture on Public Policy, in October 2008. The Policy Forum section of this issue includes three articles on urban transport. The June issue also contains a survey article on ‘Measures of Household Wealth for Australia’, by Paul Bloxham and Thomas Betts, which describes and compares the four main sources of household wealth data for Australia. These include two time-series measures and two survey-based measures of the distribution of wealth, one of which is based on data from the HILDA Survey. In the ‘For the Student’ section, Jeff Borland has contributed an article entitled ‘What Happens to the Australian Labour Market in Recessions?’ More information on the Australian Economic Review can be found on the Melbourne Institute’s website at <www. melbourneinstitute.com>.

Melbourne Institute News Views expressed by the contributors to Melbourne Institute News are not necessarily endorsed or approved by the Melbourne Institute. Neither the Melbourne Institute nor the Editor of Melbourne Institute News accepts any responsibility for the content or accuracy of information contained in this publication. Editor: Cliff Howard tel: 03 8344 2154, fax: 03 8344 2111, email: howardc@unimelb.edu.au. Sub-Editor: Nellie Lentini. Contributors: Professor Ross Garnaut, Ms Penny Hope, Dr Paul Jensen, Professor Guay Lim, Professor Kostas Mavromaras, Professor Tony Scott, Dr Rosanna Scutella, Professor Stephen Sedgwick, Associate Professor Beth Webster, Dr Roger Wilkins, Professor Mark Wooden.

Level 7, Alan Gilbert Building, The University of Melbourne P: (613) 8344 2100 F: (613) 8344 2111 www.melbourneinstitute.com

Issue 24

Better Evidence About What Works in Schools?

Working Papers can be download for free from <www.melbourneinstitute.com/publications/working/wp2009.cfm>. If you would like to receive an email notification when new Working Papers become available, contact the Melbourne Institute on <melb-inst@unimelb.edu.au>.

The authors propose a framework for measuring poverty and social exclusion and discuss issues that need to be resolved to arrive at valid and useful indicators or measures. The framework distinguishes seven categories (or ‘domains’) for the measurement of poverty and social exclusion: material resources (e.g. household assets/income); employment; education and skills; health and disability; social factors (e.g. support from others); community (e.g. access to community services); and personal safety. In each category, specific indicators of social exclusion would need to be developed, taking into account measurability, objectivity and parsimony.

Print Post Approved PP381667/01204

MABEL Longitudinal Survey of Australian Doctors Initial results from the MABEL longitudinal survey of Australian doctors — Medicine in Australia: Balancing Employment and Life — identify that nearly 10 per cent of Australian doctors plan to quit their work over the next five years. Page 3

Latest Annual HILDA Statistical Report A wealth of information lies in the latest Annual Statistical Report of the Household Income and Labour Dynamics in Australia (HILDA) Survey, Families, Incomes and Jobs, Volume 4. Page 4

Getting the Skills Australia Needs The March Melbourne Institute Economics Forums discussed the vocational education and training system in Australia. Page 7

The evidence base for many opinions about schools is either unclear or dominated by personal experience (possibly inaccurately recalled) or conditioned by contemporary experiences of our children. And, unlike in the United States, economists are largely absent from this debate in Australia. A recent Council of Australian Governments (COAG) agreement, however, provides a unique opportunity to address both issues. Reform of schooling has figured prominently in national policy debates for two decades. The objective is to maximise outcomes for all school students at all ability levels, regardless of family circumstances. In the language of economists, success will increase Australia’s human capital and long-term productivity growth, which help to counteract the inevitable drag on living standards likely to accompany an aging population. Although few economists research school education in Australia, they are well represented in other important areas of the human capital agenda such as health. There is a small but influential cadre of economists who work alongside clinicians and others to research issues such as the health workforce, incentive structures and payments mechanisms (which can affect the behaviour of patients, medical practitioners and medical institutions such as hospitals), and the effectiveness of health programs. In the United States, schooling reform is viewed as a multi-disciplinary issue which involves not only practitioners but also engages think tanks such as the Brookings Institution and a range of economists including James Heckman, a Nobel laureate in economics prominent (though frequently misrepresented) in the debate about early childhood education. In Australia however, members of education faculties, some Continued on page 2

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