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An increase in correlation during turbulent market conditions implies a reduction in the benefits arising from portfolio diversification. Unfortunately, it is exactly then that these benefits are most needed. We investigate the robustness of recent empirical results that indicate correlation...
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This paper presents a method of predicting individuals' welfare changes (compensating and equivalent variations) arising from a tax or social security policy change in the context of behavioural microsimulation modelling, where individuals can choose between a limited number of discrete hours of...
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A key policy issue in many countries is the maldistribution of doctors across geographic areas, which has important effects on equity of access and health care costs. Many government programs and incentive schemes have been established to encourage doctors to practise in rural areas. However,...
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This report is the first study based on Australian data on the labour supply behaviour of households in relation to child care.The research demonstrates that assistance with the cost of child care is very important in promoting choice for women to participate in the workforce, particularly if...
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