A defining feature of the COVID-19 crisis is the uncertainty it’s created. The uncertainty could be very costly for the Australian economy, and will weigh on the economic recovery in Australia until we’re certain we’ve got the virus under control.
The March labour force data will report on a jobs market that sadly no longer exists – the Australia before widespread spatial distancing and shutdowns of non-essential businesses.
Consumer confidence is a timely measure of what Australian households think about their own finances and the state of the economy overall. In the week ending 29 March, the ANZ-Roy Morgan Consumer Confidence index plunged to the lowest level in the nearly-50-year history of that series.
Workers affected by the COVID-19 economic crisis can now access up to $20,000 of their super to help see them through. It’s a good move.
It’s clear than many Australian households will need help if they loose their livelihoods through the COVID-19 crisis. They should be a high priority for the Morrison Government as it puts together its second economic support package.
Over a third of Australian workers don’t have paid sick leave. They’re in a vulnerable position.
Our new paper finds that when super goes up, wages grow more slowly. This has sparked a lively debate – and the need to correct some myths and misconceptions about our work.
A recent OECD report claims Australia’s superannuation system has some of the lowest fees of any pension system in the world. But the report is based on flawed data that misses much of the story.
Looser macro-prudential rules, rather than the federal election result, appear to be driving a rebound in house prices in Sydney and Melbourne.
A recent McKell Institute report makes unsupportable claims about how superannuation interacts with wages to justify higher compulsory super contributions. McKell’s analysis doesn’t stand up to scrutiny. Here’s why.