The Australian baby bonus offering parents 3,000onthebirthofanewchildwasannouncedonMay112004.Theavailabilityoffiveyearsofbirthdatafollowingtheintroductionofthebabybonusallowsforamorecomprehensiveanalysisofthepolicyimplicationsthaniscurrentintheliterature.ThefocusofthispaperistoidentifyifthereisapositivefertilitychoiceresponsetotheintroductionoftheAustralianbabybonuspolicyandifthisresponseissustainedovertime.Todothis19yearsofbirthandmacroeconomicdata,beginning1990,isanalysedusinganunobservablecomponentsmodel.Theresultsindicateasignificantincreaseinbirthnumberstenmonthsfollowingtheannouncementofthebabybonus,andthisoverallincreasewassustaineduptotheendoftheobservedperiod.AcumulativegrowthinbirthnumberswhichcommencedinJanuary2006slowsin2008and2009.Itissuggestedthattheinitialincreaseinbirths,identifiedinMarch2005,isadirectfertilityresponsetotheintroductionofthepolicyandthatthesubsequentchangeinthegrowthofbirthnumbersmaybetheresultofadelayedeffectworkingthroughanumberofchannels.Itisestimatedthatapproximately119,000birthsareattributabletothebabybonusovertheperiod,atanapproximatecostof39000 per extra child.Fertility Rate, Time Series, baby bonus
This paper discusses the application of structuration theory in understanding the complex Internet innovation phenomenon in a developing country. It provides references to earlier studies on IS innovation and discusses two controversial perspectives on technological determinism and social constructivism. Through a review of existing IS literature on structuration theory a new direction is proposed to investigate one of the 20th century’s major technological innovations, the Internet. A conceptual model and an analytical framework for studying the complex interactions between institutional structures and Internet innovation patterns in developing countries are presented. The most appropriate research methodology to study Internet innovation in Vietnam is articulated and discussed
The Australian baby bonus offering parents 3,000onthebirthofanewchildwasannouncedonMay112004.Theavailabilityoffiveyearsofbirthdatafollowingtheintroductionofthebabybonusallowsforamorecomprehensiveanalysisofthepolicyimplicationsthaniscurrentintheliterature.ThefocusofthispaperistoidentifyifthereisapositivefertilitychoiceresponsetotheintroductionoftheAustralianbabybonuspolicyandifthisresponseissustainedovertime.Todothis19yearsofbirthandmacroeconomicdata,beginning1990,isanalysedusinganunobservablecomponentsmodel.Theresultsindicateasignificantincreaseinbirthnumberstenmonthsfollowingtheannouncementofthebabybonus,andthisoverallincreasewassustaineduptotheendoftheobservedperiod.AcumulativegrowthinbirthnumberswhichcommencedinJanuary2006slowsin2008and2009.Itissuggestedthattheinitialincreaseinbirths,identifiedinMarch2005,isadirectfertilityresponsetotheintroductionofthepolicyandthatthesubsequentchangeinthegrowthofbirthnumbersmaybetheresultofadelayedeffectworkingthroughanumberofchannels.Itisestimatedthatapproximately119,000birthsareattributabletothebabybonusovertheperiod,atanapproximatecostof39000 per extra child
The Australian baby bonus offering parents 3,000onthebirthofanewchildwasannouncedonMay112004.Theavailabilityoffiveyearsofbirthdatafollowingtheintroductionofthebabybonusallowsforamorecomprehensiveanalysisofthepolicyimplicationsthaniscurrentintheliterature.ThefocusofthispaperistoidentifyifthereisapositivefertilitychoiceresponsetotheintroductionoftheAustralianbabybonuspolicyandifthisresponseissustainedovertime.Todothis19yearsofbirthandmacroeconomicdata,beginning1990,isanalysedusinganunobservablecomponentsmodel.Theresultsindicateasignificantincreaseinbirthnumberstenmonthsfollowingtheannouncementofthebabybonus,andthisoverallincreasewassustaineduptotheendoftheobservedperiod.AcumulativegrowthinbirthnumberswhichcommencedinJanuary2006slowsin2008and2009.Itissuggestedthattheinitialincreaseinbirths,identifiedinMarch2005,isadirectfertilityresponsetotheintroductionofthepolicyandthatthesubsequentchangeinthegrowthofbirthnumbersmaybetheresultofadelayedeffectworkingthroughanumberofchannels.Itisestimatedthatapproximately119,000birthsareattributabletothebabybonusovertheperiod,atanapproximatecostof39000 per extra child
The Australian baby bonus, offering parents $3,000 on the birth of a child, was announced on May 11 2004. The focus of this paper is to analyse the response to the policy across maternal age levels in order to separate policy effects from prevailing demographic trends such as recuperation of previously postponed births. Using multivariate time series analysis, we find that all age groups except teenagers show a positive fertility response to the policy. The results suggest that the policy may have elicited fertility behaviour change, evidenced by a higher cumulative growth in fertility of maternal age groups 20-24 and 24-30 which is sustained past 2008 even as a growth in birth ratios of older age groups was stabilising. A short term birth timing effect was also estimated to further explore the extent to which incentives matter for decisions around family formation
The Australian baby bonus, offering parents $3,000 on the birth of a child, was announced on May 11 2004. The focus of this paper is to analyse the response to the policy across maternal age levels in order to separate policy effects from prevailing demographic trends such as recuperation of previously postponed births. Using multivariate time series analysis, we find that all age groups except teenagers show a positive fertility response to the policy. The results suggest that the policy may have elicited fertility behaviour change, evidenced by a higher cumulative growth in fertility of maternal age groups 20-24 and 24-30 which is sustained past 2008 even as a growth in birth ratios of older age groups was stabilising. A short term birth timing effect was also estimated to further explore the extent to which incentives matter for decisions around family formation
Like many consumer products, household mortgages have experienced significant innovation in recent decades, with mortgages becoming cheaper, more accessible, and with more features. Many observers have expected that this would increase demand for houses, contributing to a rise in house prices. We investigate this relation, both in terms the extent and timing of innovation in residential mortgage products, and then we critically assess whether there is a link with Melbourne Metropolitan house prices (post 1980). Our conclusion is surprising: we find no apparent evidence of a relationship between residential mortgage innovation and house prices
This paper considers issues relating to alcohol addiction from an economic perspective. While alcohol consumption may be associated with dependency, it is not clear how addiction should be interpreted in the framework of consumer theory. The paper presents several economic models of addictive behaviour and identifies their deficiencies in explaining addiction to alcohol The degree of a person's involvement in heavy alcohol consumption is shown to have multiple interacting determinants. Behaviour which is viewed as optimal at one stage of the lifecycle may change the households future production possibilities in terms of costs and human capital stocks in a way that does make an individual better off by following an addictive consumption path, given these constraints. However, at the same time, the same person may regret past choices. This paper represents the first step in developing an economic model of alcohol consumption that can help explain drinking behaviour over the lifecycle as an accumulation of choices, subject to constraints