Climate change must deal with two market failures, global warming and learning by doing in renewable use. The social optimum requires an aggressive renewables subsidy in the near term and a gradually rising carbon tax which falls in long run. As a result, more renewables are used relative to...

The stagnating West European population combined with the prosperous economic development of the European Community (EC) generate strong economic incentives for immigration. The drastic political changes in Eastern Europe generate emigration pressures. There are a variety of problems with...

Approaching demographic shifts are raising concerns about fiscal sustainability in most OECD countries. A widespread view based on the tax-smoothing idea is that a prior consolidation of public finances is required to cope with the predicted trend deterioration in the primary budget balance....

This paper uses the retrospective work history data from the British Household Panel Survey to examine patterns of job mobility and job tenure for men and women over the twentieth century. British men and women hold an average of five jobs over their lifetimes, and one-half of all lifetime job...

This Paper examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per capita, technology, and population over the course...

As we approach the 21st Century, Australia needs to thoroughly its future population and immigration policies. The questions addressed in this focus on four related areas in which Australia will need to develop a global perspective and corresponding policies: populayion policies which take into...

Like their counterparts elsewhere, more young Australians than ever are delaying the move to establish residential independence from their parents. This paper reviews the developing economics literature surrounding young people’s decisions to continue living in their parents’ homes in order...

There is some concern that immigration contributes to a larger current account deficit in a net borrowing country like Australia. The reason is believed to be that the immigrants on balance have a lower net saving than those born in the country.

This study analyses reform of migration policy. We organise discussion around two main issues- the need to base policy on consensus and the case for implementing policies using forward planning and stable intakes.