Category Archives: Behavioural Economics

Gender pay gap: why do male CEOs with daughters pay women more?

Should a woman tending to personal care needs of an elderly person be paid more or less than a male garbage disposal worker? The government’s decision to support a pay rise for 150,000 social and community services workers delivers a … Continue reading

Posted in Behavioural Economics, Employment, Inequality | Leave a comment

Efficient markets hypothesis… really?

The thing about humans is we often search for reason where there is none. Economists are notorious for it. So enamoured was the profession in the 1970s with the concept of rationality, economists developed the idea of the “efficient markets … Continue reading

Posted in Behavioural Economics, Global Financial Crisis | 1 Comment

How markets really work: the short version

With Wall Street off more than 4 per cent last night – and the ASX expected to follow suit today – I am reminded of this cartoon that an economics professor showed us at university to explain how markets REALLY … Continue reading

Posted in Behavioural Economics, Fun | 1 Comment

Don’t be fooled by the whinging, we’re ok

We don’t like carbon taxes and we don’t like boats. Mention population growth and we’re at each other’s throats. We don’t like interest rate rises and we disdain debt. We can’t stomach liars and we never forget. Australians, it seems, … Continue reading

Posted in Behavioural Economics, Employment, Housing, Inflation, Interest Rates, Reserve Bank | 3 Comments

let’s ditch tax returns

I’ve heard talk that there are some sick individuals in society who actually take pleasure in filling out their annual tax returns. For such people, July 1 looms like the opening day of the latest Harry Potter movie. It’s the … Continue reading

Posted in Behavioural Economics, Reserve Bank | Leave a comment

blowing smoke: big tobacco’s fight against plain packaging

First it was the grocery giants, then the petrol retailers, then the banks and the mining companies. Now it’s the turn of Big Tobacco to unleash a campaign of mass confusion on the Australian public in an attempt to undermine … Continue reading

Posted in Behavioural Economics, Gillard Government, Health, Tax | Leave a comment

lunch with john quiggin, aka the zombie hunter

After years on the outer, a long-time critic of the economic rationalists finds a new audience for his spiky commentary, writes Jessica Irvine. The financial crisis dealt a body blow to the once-revered economics profession. Dragged down from their ivory … Continue reading

Posted in Behavioural Economics, Climate change | Leave a comment