Faculty of Economics and Commerce

ARC-funded Research Projects (Discovery and Linkage Grants)
Administering Institution: The University of Melbourne

Accounting and Business Systems

Accelerating Expertise Development Using Knowledge Structures and Expert Systems

ARC Discovery Project DP0878422 (2007 for funding commencing 2008)

There is a shortage of experts among many professional fields in Australia, a problem that is starting to be further exacerbated by a large number of pending retirements. Professions dependent on high-level experts operating in complex decision domains face potential devastation and may fail to continue to exist within Australia. The proposed research directly addresses this looming crisis by presenting a replicable methodology for rapid expertise development that is to be demonstrated within the Australian insolvency environment. However, the methodology will be easily portable to other knowledge work professions facing similar crisis conditions.

Prof SA Leech; Prof SG Sutton; Prof V Arnold; A/Prof J Rose
2008: $160,000
2009: $160,000
2010: $112,00

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An empirical analysis of structural cost management decision making

ARC Discovery Project DP0880031 (2007 for funding commencing 2008)

This study analyses the rationale adopted by firms in implementing cost management choices with significant social and economic consequences. Layoffs, across-the-board cost cuts and off-shoring are significant influences on workforce participation levels in the Australian economy. This study explores the factors associated with firms and managers that lead to systematic preferences for certain types of cost management responses. In analyzing these decisions in a range of organizational settings, and seeking to establish best practice benchmarks in innovative cost management practice, this study directly supports the government's workforce participation agenda.

Prof AM Lillis; A/Prof SW Anderson
2008: $34,000
2009: $20,000
Primary RFCD Code: 3502 – Business and Management

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Modelling the adoption and use of virtual services technologies for rural and regional healthcare: Economic and quality of care perspectives

ARC Linkage Project LP0774949 (2006 Round 1 for funding commencing in 2007)

Rural and regional Australians account for more than a third of the population.   Compared with their urban counterparts, they face higher mortality rates and experience higher hospitalisation rates.  They face significant challenges in accessing healthcare services and expertise.  This research will provide guidelines on the effective and efficient use of virtual services technologies to provide more equitable access to healthcare for rural and regional Australians.  This will enable healthcare providers and government agencies to select and deliver appropriate technology solutions yielding improved quality of care at a reduced cost.  Access delays will be reduced through localised healthcare delivery.

A/Prof MJ Davern; A/Prof KE Stagnitti; Prof CB Ferguson
2007: $62,000
2008: $60,000
2009: $60,000
Primary RFCD Code: 3502 – Business and Management
Partner Organisations: Deakin University; Southwest Alliance of Regional Health (SWARH)

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Modelling factors affecting the long-term demand for and supply of professional accounting and allied services in rural and regional Australia

ARC Linkage Project LP0669235 (2005 Round 2 for funding commencing in 2006)

Rural and regional areas accommodate more than a third of Australia's population and generate two-thirds of its net export income. This project will enable the accounting profession to establish effective strategies and policies for the education, training, and recruitment of professional staff in regional communities. Maintaining the quality and viability of professional services is critical to the economic development of these communities and crucial to maintaining equity between city and country. This project will ensure that professional accounting and allied services can meet future regional demands with the potential for this modelling to be applied to other regional services.

Prof CB Ferguson; Prof BJ Cooper; A/Prof GL Wines; A/Prof BF Jackling

2006: $33,319
2007: $77,216
2008: $80,693
2009: $36,797
Primary RFCD Code: 3506 – Services
Partner Organisations: CPA Australia; RMIT; Deakin University
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LINKAGE ARC GRANTS AWARDED TO OTHER INSTITUTIONS WITH FACULTY CO-INVESTIGATORS

Information Technology (IT) Audit Methodologies in the Australian Public Sector: Addressing Mandatory Requirements of International Standards

ARC Linkage Project LP0882068 (2007 Round 1 for funding commencing in 2008)

The primary benefit occurs in relation to National Research Priority 3: Frontier Technologies for Building and Transforming Australian Industries, notably Priority Goal 'Smart Information Use', as it will enable more sophisticated and accurate assessments of current IT audit methodologies. In turn, these improvements will enable more effective IT audits by government audit offices in Australia, bringing reduced risk and increased efficiency to organisations subject to audit, as well as increasing conformance with the new accounting and auditing standards. Fu rthermore, all Australian citizens, (the indirect clients of public sector audit services), will benefit from well‑managed program‑delivery systems.

Prof PF Green; Dr GJ Ridley; Prof CB Ferguson; Dr PJ Coram
2008: $47,647
2009: $32,098
2010: $25,827
Primary RFCD Code: 3501 – Accounting, Auditing and Accountability
APA(I) Award(s): 1
Collaborating/Partner Organisation(s): CPA Australia , Institute of Chartered Accountants in Australia and the Tasmanian Audit Office
Administering Organisation: The University of Queensland

Managing the World's Most Precious Resource: The Role of Water Accounting

ARC Linkage Project LP0884010 (2007 Round 2 for funding commencing in 2008)  

This project contributes to the National Research Priorities goal to develop sustainable ways of improving water productivity, using less water in agriculture and other industries, and providing increased protection of rivers and groundwater. Robust and rigorous water accounting and assurance will allow water managers to identify and address system water losses, and will underpin increased market and investment confidence in water information among water users. The collaborations between industry, academia, government and the accounting and water management professions will provide and demonstrate high profile, significant and timely international thought leadership in the emerging discipline of water accounting standards. 

Prof JM Godfrey; Prof KT Trotman; A/Prof KG Chalmers; Dr R Moroney; Dr B Potter 2008: $28,000
2009: $67,500
2010: $69,000
2011: $29,500
APA(I) Award(s): 1
Collaborating/Partner Organisation(s): CPA Australia, The Institute of Chartered Accountants in Australia
Administering Organisation: Monash University

Economics

The Pricing and Risk Management of Reverse Mortgages in the Australian Market

ARC Discovery Project DP0878575 (2007 for funding commencing in 2008)

This project will develop new methodologies for the pricing of reverse mortgages and will examine how sensitive prices are to demographic and financial assumptions in our models. This will increase transparency in the reverse mortgage market for retired Australians and ensure they get a fair deal. Increasing pricing transparency will also reduce risks to the issuing banks both by facilitating securitization and by allowing more accurate modelling of capital costs for mortgages that remain on their balance sheet.

A/Prof MS Joshi; Prof DC Dickson; Dr DG Pitt
2008: $70,000
2009: $72,000
2010: $74,000
Primary RFCD Code: 3503 – Banking, Finance and Investment

Bayesian Analysis of Treatment Effects in Experiments with Imperfect Compliance

ARC Discovery Project DP0880069 (2007 for funding commencing in 2008)

This research has a potential to benefit society by providing methods to evaluate the effectiveness of medical treatments and socio‑economic and health related interventions and policies based on experiments with imperfect compliance. The proposed methods are directly relevant to the second national research priority, as they can be used to test potential measures for preventative health care and to evaluate measures for strengthening Australia's social and economic fabric. The usefulness of our methods is demonstrated in the analysis of the effectiveness of a training program for the unemployed in alleviating negative mental health effects from job loss.

Dr L Jacobi
2008: $37,518
2009: $29,000
Primary RFCD Code: 3404 - Econometrics

New Perspectives on Australian Economic History: Geography, Institutions and Major Episodes

ARC Discovery Project DP0772302 (2006 for funding commencing in 2007)

This project will contribute directly to an improved knowledge of the determinants of the structure of economic activity, and macroeconomic performance and economic growth in Australia. Having a better understanding of the main influences on Australian economic growth will assist in the development of policies to promote these outcomes. The project will also make a significant addition to international knowledge in the field of new comparative economic history by adding an extra body of evidence to cross‑country perspectives on the determinants of national economic performance that draws on Australia's distinctive geography and institutions. Finally, the project will provide valuable research training and skills.

Prof JI Borland; Dr AJ Clarke; Dr RH Hillberry; Dr LL Uren
2007: $65,000
2008: $95,000
2009: $65,000
Primary RFCD Code: 3403 – Economic History and History of Economic Thought

New Econometric Evidence on the Roles of Socio Economic Characteristics and Lifestyle Choices in Determining Child and Adult Health Outcomes

ARC Discovery Project DP0770354 (2006 for funding commencing in 2007)

This research is directly relevant to the National Research Priority 'Promoting and Maintaining Good Health'. It will provide detailed information on issues such as the extent of socio‑economic differentials in child and adult health, the role of income redistribution in reducing health inequalities, the effectiveness of the national health system in protecting the health of children from the poorest families, and the role of lifestyle choices in determining health outcomes. Attention will be paid to the effects of alcohol consumption, smoking, exercise and diet in the context of adult and childhood obesity. There will also be new insights on the relative importance of 'nature' versus 'nurture' in determining child health.

A/Prof M Shields
2007: $45,000
2008: $37,000
2009: $50,000
Primary RFCD Code: 3402 – Applied Economics

An Econometric Analysis of Labour Market, Health and Educational Consequences of Cannabis Use

ARC Discovery Project DP0770580 (2006 for funding commencing in 2007)

This research will provide comprehensive empirical knowledge about the linkages between cannabis use, health, education, employment and earnings in Australia. Understanding these linkages is important because although cannabis is a commonly used drug, it is unclear how its use impacts on these important aspects of overall wellbeing and productivity. The knowledge gained from this research will contribute towards designing policies that encourage Australians to make choices that lead to positive pathways, so that they may achieve healthy lifetime outcomes. Productive and healthy outcomes for individuals will contribute to healthy economic outcomes for Australia.

Dr J Williams; Dr CL Skeels; Prof JC van Ours; Dr RL Pacula
2007: $100,000
2008: $90,000
2009: $100,000
Primary RFCDCode: 3404 – Econometrics
 

LINKAGE ARC GRANTS AWARDED TO OTHER UNIVERSITY OF MELBOURNE DEPARTMENTS WITH FACULTY CO-INVESTIGATORS

Understanding Cycles in Mineral Commodity Price, a Market Model with Uncertainty

ARC Linkage Project LP0882686 (2006 Round 1 for funding commencing in 2007)

Mining accounts for more than 8% of Australia's GDP, and almost 50% of Australia's total merchandise exports. Understanding phenomenological mechanisms for price fluctuations and using our dynamic price model can help determine better timing of investments in mining infrastructure. This knowledge will help Australia benefit from the upside of commodity 'cycles', super or not. The market model that will be developed in this project can be used to assist in better planning for commodity cycle upside, improving the overall efficiency of capital utilisation in the long term.

A/Prof FJ Vazquez‑Abad; Prof D Dufresne; Dr M Menabde; Prof A van den Nouweland
2008: $77,000
2009: $75,000
2010: $88,000
Primary RFCD Code: 3402 – Applied Economics
Collaborating/Partner Organisation(s): BHP Billiton
Awarded to the Department of Mathematics and Statistics

DISCOVERY ARC GRANTS AWARDED TO OTHER INSTITUTIONS WITH FACULTY CO-INVESTIGATORS

Bayesian Inference for Welfare Comparisons of Income Inequality and Poverty

ARC Discovery Project DP0771334 (2006 for funding commencing in 2007)

The major expected outcome of this research is an array of techniques for making welfare comparisons involving income inequality and poverty within a framework of Bayesian inference. Various applications of the techniques are expected to yield useful information on inequality comparisons over time and space and on changes in the level of poverty.

Dr D Chotikapanich; Prof WE Griffiths
2007: $65,000
2008: $53,236
2009: $55,000
Primary RFCD Code: 3404 - Econometrics
Administering Organisation: Monash University

Estimation and Inference in Weakly Identified Models

ARC Discovery Project DP0771445 (2006 for funding commencing in 2007)

Economic and social systems are made up of interacting components leading to complex structures that are difficult to predict and manage. Consequently policy analysis and decision‑making must be informed by statistical analysis of data. In many situations the informational content of observations is minimal; examples of such situations are found in the areas of education, health, finance and various aspects of macroeconomic analysis. This project aims to develop methods of estimation and inference that make more efficient use of the information available in data. This will lead to more precise statistical analyses, resulting in a clearer understanding of economic and social systems, and better informed policy analysis and decision making.

Prof DS Poskitt; Dr CL Skeels; Dr G Forchini
2007: $100,000
2008: $80,000
2009: $100,000
Primary RFCD Code: 3404 – Econometrics
Administering Organisation: Monash University


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Finance

Share Buybacks and Information Asymmetry: Winners and Losers

ARC Discovery Project DP0878537 (2007 for funding commencing in 2008)

This study is the first to examine the effectiveness of existing regulations governing share buybacks in Australia. The results will be important for understanding how domestic capital market regulation affects the international competitiveness of Australian companies through their relative cost of capital. It will also assist in ensuring that capital market integrity is increased through the optimal design of regulation and improved market transparency, and thereby encourage greater participation by investors. The results will assist regulatory agencies in designing market surveillance that identifies signs of insider trading or market manipulation associated with corporate capital management activities.

A/Prof CA Brown; A/Prof JC Handley; A/Prof AS Lamba
2008: $51,000
2009: $56,000
2010: $36,000
Primary RFCD Code: 3503 – Banking, Finance and Investment

Three Decades of Financial Distress and Corporate Restructuring in Australia

ARC Discovery Project DP0879459 (2007 for funding commencing in 2008)

Corporate financial distress is costly and disruptive to Australia's economy. While shareholders are the first to lose, the flow‑on effects include bankruptcies, unemployment, and a negative impact on economic growth. By analysing three decades of Australian experience we aim to gain a deeper understanding of the dynamics underlying financial distress and corporate restructuring. The potential benefits include improvements to corporate practice in responding to financial distress, improvements to ASX governance (regarding listing rules and transparency in particular for small‑capitalization firms), and ultimately to economic policy by elucidating the corporate sector's dynamic response across the business cycle.

Prof Dr P Kofman; Dr HW Chan; Prof BD Grundy
2008: $32,000
2009: $38,000
2010: $34,537
Primary RFCD Code: 3503 – Banking, Finance and Investment

Consumption, Financial Wealth and Housing Wealth over the Long Run

ARC Discovery Project DP0774407 (2006 for funding commencing in 2007)

Our research gives economic policymakers a better understanding of the linkage between housing and financial market fluctuations and economic stability in Australia. In this, it focuses on how long run social trends have helped or hindered macroeconomic stability. It promotes a deeper knowledge of consumption patterns across different age groups, with a focus on financial security of retirees. Finally, we make a basic contribution to basic research by developing new techniques for examining panel datasets.

A/Prof G Schwann; Prof GC Lim; Dr Q Zeng
2007: $73,000
2008: $59,983
2009: $61,028
Primary RFCD Code: 3503 – Banking, Finance and Investment

DISCOVERY ARC GRANTS AWARDED TO OTHER INSTITUTIONS WITH FACULTY
CO-INVESTIGATORS

Storage and the Hotelling Valuation Principle: Understanding the Dynamics of the Oil Industry

ARC Discovery Project DP0770537 (2006 for funding commencing in 2007)

Understanding the economics of the oil market is important for understanding the shift toward smaller, more
fuel-efficient motor vehicles and less fuel-intensive farming techniques. A better understanding of fundamental oil price processes will lead to more accurate oil price forecasting and hence more accurate pricing of oil derivatives (options, futures and swaps) and improved risk management (e.g. airlines hedging the cost of their jet fuel needs).

Prof RA Heaney; Prof BD Grundy
2007: $100,000
2008: $115,000
2009: $130,000
Primary RFCD Code: 3402 – Applied Economics
Administering Organisation: RMIT University

Management

Managing Transformational Change: A Discursive Approach

ARC Discovery Project DP0771639 (2006 for funding commencing in 2007)

This research program will help to improve business competitiveness, which is predicated on the ability to manage transformational change, and add to the Australian repertoire of effective change practices. It will provide insights into social innovation which depends upon effective inter‑organizational collaboration by organizations from different sectors to bring about social change. It will help managers in diverse organizations deal with issues of sustainability and human health which depend upon managerial capacity in addition to scientific endeavours. It will help locate Australia as a centre of expertise in the use of discourse analysis in organization and management theory.

Prof C Hardy; Dr S Maguire
2007: $24,000
2008: $20,000
2009: $21,000
Primary RFCD Code: 3502 – Business and Management

An Evidence Based Approach to Developing Human and Social Capital in Organisations

ARC Linkage Project LP0882114 (2007 Round 1 for funding commencing in 2008)

A social and economic issue facing Australian organisations is the skills shortage and the retention of qualified professionals and managers. Our research informs this issue by examining the mechanisms for developing and engaging managerial employees in Australian organizations. These types of strategies can help reduce the 'brain drain' out of Australia. Moreover, it should increase the capability of businesses to attract Australians back ‑‑'brain gain'. Organizational strategies based on human and social capital development will also strengthen the social fabric of Australian society by building knowledge capabilities and enhancing well‑being.

A/Prof M Kraimer; A/Prof S Seibert; Dr LD Sargent
2008: $68,000
2009: $68,000
2010: $68,000
Primary RFCD Code: 3502 – Business and Management
Partner Organisation(s): Deloitte

Aged Care in Crisis? The Effects of Work Organisation on Nurse, Resident and Organisational Outcomes

ARC Linkage Project LP0882174 (2007 Round 1 for funding commencing in 2008)

Given the rapidly ageing Australian population and critical nurse retention issues in aged care, this program of research will have significant national benefit. First, assessing the interactive effects of work stressors and high performance work practices on employee strain and turnover will be particularly important in terms of developing strategies for employee retention. Second, by examining across time the links between work stressors and high performance work practices on one hand and resident outcomes on the other, the research will have important implications for ensuring older people receive quality care and live with dignity in Aged care.

Dr LD Sargent; A/Prof WG Harley
2008: $45,000
2009: $45,000
Primary RFCD Code: 3502 – Business and Management
Partner Organisation(s): Australian Nursing Federation (Victoria Branch)

DISCOVERY GRANT AWARDED TO OTHER UNIVERSITY OF MELBOURNE DEPARTMENTS WITH FACULTY CO-INVESTIGATORS

Enforcement of Chinese Employment Law: Regulatory Innovation and Wage Arrears

ARC Discovery Project DP0771091 (2006 for funding commencing in 2007)

Australia 's security and economic well‑being is closely bound up with China. It is in Australia's interests that China develops a sound legal system as the foundation of a prosperous, humane and stable society. The pervasive failure to pay Chinese workers their correct wages tests the capacity and credibility of Chinese law. An assessment of the legal system's response to the wage problem will provide specific insights on securing compliance with the employment law in China, benefiting Australian foreign policy makers, traders, investors and overseas development organisations. It will facilitate collaborative work between China and Australia on strengthening the regulatory capacity of Chinese institutions.

Dr S Cooney; Dr SC Biddulph; A/Prof Y Zhu
2007: $60,000
2008: $40,000
2009: $40,000
Primary RFCD Code: 3901 – Law
Awarded to the Law Faculty

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Melbourne Institute

Effects of Private Health Insurance on Health Care Usage and Health Outcomes in Australia

ARC Discovery Project DP0880429 (2007 for funding commencing in 2008)

Australians spend more than $7 billion each year on private health insurance (PHI), of which government subsidies amount to more than $2 billion. There is, however, little understanding of how PHI affects health care usage and health outcomes. Having PHI is likely to result in better health for the insured, but more health resources are also likely to be used. Moreover, the health of the uninsured could be adversely affected if health resources available to the public hospital sector are reduced. This research will inform health policymaking on the effects of subsidising PHI on health care usage and health outcomes.  

Dr J Yong; Dr A Palangkaraya; Prof JW Freebairn
2008: $33,750
2009: $28,695
2010: $45,384
Primary RFCD Code: 3402 – Applied Economics

The Effects of the Tax and Social Security System on Labour Supply and Social Welfare

ARC Discovery Project DP0770567 (2006 for funding commencing in 2007)

This research will provide independent assessment of the work‑incentive effects of government policies in the area of income tax, social security and childcare costs. Capacity constraints may threaten sustained economic growth in Australia. Understanding and supporting the drivers of work force participation is stated in the National Research Priorities as being vital. In addition to the empirical results, the project provides a set of tools that can be used to evaluate new policies with respect to the effects on labour supply, income distribution and social welfare. This will provide timely and independent evidence on which to evaluate new policies and therefore increase the quality of the debate on tax and social security policy.

A/Prof GR Kalb; Prof J Creedy
2007: $110,000
2008: $115,000
2009: $120,000
Primary RFCD Code: 3402 – Applied Economics

Blended Payment Systems for Doctors: Evaluation of an Experiment

ARC Discovery Project DP0771005 (2006 for funding commencing in 2007)

The results of the study will provide new evidence for health care policy makers in Australia (and internationally) on the effects of changing the remuneration system for GPs on the costs and quality of health care provided. The study will examine effects in the national priority and national health priority areas of preventive health care and chronic disease. The results will be relevant to other countries, such as the US and UK, where blended payments schemes exist for GPs but have not been evaluated.

Prof A Scott; A/Prof H Britt; Dr PH Jensen
2007: $80,000
2008: $85,000
Primary RFCD Code: 3402 – Applied Economics

Job Retention and advancement of disadvantaged job seekers

ARC Linkage Project LP0776894 (2006 Round 2 for funding commencing in July 2007)

This project will use empirical methods to help determine what is necessary for job retainment and career

advancement of disadvantaged jobseekers. Job retainment and advancement are essential to prolonged workforce participation and the development of human capital of disadvantaged jobseekers re‑entering the workforce. Understanding and supporting the drivers of workforce participation is identified as a National Research Priority. Therefore, the project findings will be of considerable importance to employment policy development in Australia to help ensure that future policy developments improve the human capital of disadvantaged entrants to the labour market and alleviate longer‑term poverty and social exclusion.

Dr R Scutella; Dr RK Wilkins; Prof K Mavromaras; Prof P Gregg; Dr J Wadsworth; Mr DJ Perkins
2007: $28,765
2008: $53,765
2009: $50,500
2010: $44,644
2011: $19,144
Primary RFCD Code: 3402 – Applied Economics
Partner Organisation(s): Brotherhood of St Laurence

LINKAGE GRANT AWARDED TO OTHER UNIVERSITY OF MELBOURNE DEPARTMENTS WITH FACULTY CO-INVESTIGATORS

Improving Employment Outcomes in Early Psychosis: Social and Economic Benefits of Early Intervention

ARC Linkage Project LP0883237 (2007 Round 2 for funding commencing in 2008)

Over 74% of people with psychotic illnesses like schizophrenia, despite wanting to work, are unemployed, more than any other disability group. This project examines an evidence-based method in which young people with psychosis can be effectively supported to return to the competitive labour market. In Australia, unemployment of people with schizophrenia costs $927 million, over half the total illness costs of schizophrenia. For people with psychosis, unemployment exacerbates social and economic marginalisation. This project aims to reduce the economic cost of unemployment among the mentally ill as well as using employment to reduce social marginalisation of people with mental illness.

Dr E Killackey; Prof HJ Jackson; Dr R Scutella; Dr Y Tseng; Prof JI Borland
2008: $80,400
2009: $152,959
2010: $109,743
2011: $37,184
APA(I) Award(s): 1
Collaborating/Partner Organisation(s): ORYGEN Research Centre
Awarded to the Faculty of Medicine, Dentistry & Health Sciences – (School of Behavioural Science)

LINKAGE GRANT AWARDED TO OTHER INSTITUTIONS WITH FACULTY CO-INVESTIGATORS

Ageing Baby Boomers in Australia (ABBA): Informing Actions for Better Retirement

ARC Linkage Project LP0882748 (2007 Round 1 for funding commencing in 2008)

The research will improve understanding of baby boomers & inform action to achieve positive outcomes individually & for an ageing Australia. It will: 1) inform baby boomers of ways in which their actions in late middle age can increase the chance of having satisfying healthy lives in retirement; 2) inform employers & governments on key factors enabling people to work longer; 3) challenge stereotypes of baby boomers by showing their variability over the life course & in retirement; 4) provide four researchers with knowledge & expertise in applied, multi‑disciplinary research on individual & population ageing; 5) identify baby boomers' expectations for themselves, governments, & the community to guide directions for Australia's response to ageing.

Prof HL Kendig; Dr YD Wells; Prof MP Wooden; Dr KM O'Loughlin; Prof DA De Vaus
2008: $162,194
2009: $136,734
2010: $176,734
Primary RFCD Code: 3701 - Sociology
APA(I) Award(s): 2
Collaborating/Partner Organisation(s): National Seniors and AARP
Administering Organisation: The University of Sydney

 

DISCOVERY GRANT AWARDED TO OTHER INSTITUTIONS WITH FACULTY
CO-INVESTIGATORS

Understanding the Saving Behaviour of Australian Households: Private Retirement Provision and the Policy of Forced Saving

ARC Discovery Project DP0772731 (2006 for funding commencing in 2007)

The outcomes from the research on Australian retirement saving behaviour will generate a range of national benefits. First, the collaboration of researchers across institutions, and internationally, will enhance and promote Australian research skills. Second, Australian research will be will be placed at the forefront of an important, international field. Third, the research will make fundamental contributions to the evidence base for the design of public policies to ensure Australians have access to adequate resources in retirement. This is an urgent public policy concern due to the rapid ageing of the Australian population: the fraction aged over 65 years is forecast to double from 10% to 20% over the next 40 years.

A/Prof GF Barrett; Dr TF Crossley; Dr Y Tseng
2007: $100,000
2008: $100,000
2009: $100,000
Primary RFCD Code: 3402 – Applied Economics
Administering Organisation: The University of New South Wales

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