2020 - bcec

24
BANKWEST CURTIN ECONOMICS CENTRE 2020

Upload: others

Post on 24-Mar-2022

3 views

Category:

Documents


0 download

TRANSCRIPT

BANKWEST CURTIN ECONOMICS CENTRE

2020

The Bankwest Curtin Economics Centre is increasingly relied upon by key decision makers to help shape policy and practice. And in a world where trusted, reliable information is crucial to making effective decisions, the Centre’s fierce commitment to engagement and responsible independence ensures that research findings and recommendations are communicated to the widest possible audience, for the widest possible benefit.

The BCEC is relatively unique in the way it applies both an economic and a social lens to important public policy issues. The two are complementary and that complementarity is essential. This philosophy underpins the Centre’s approach to issues that directly impact West Australians.

In 2020, this included an in-depth examination of the inequality of early learning opportunities for Western Australia’s young children. The Centre released major reports that provided a deeper understanding of the state’s environmental footprint, and the opportunities that exist to grow a sustainable and diverse Western Australian economy.

Having a research centre that is so focussed on improving the lives of West Australians is something that we should all value.

I would like to take this opportunity to thank the Centre’s leadership and staff for all their hard work in 2020.

For a Centre with only nine full-time researchers, it certainly punches well above its weight. I would also like to thank the Advisory Board for their contributions that have helped to shape the Centre’s research program and thinking.

Tim Marney

The year 2020 will be remembered as one of the most disruptive in our modern history. A global pandemic brought about one of the most rapid and significant economic shocks that we could have imagined or are ever likely to see again in our lifetimes. Having a trusted and independent source to rely on for analysis and insights has been critical to understand the extent of the impact of this shock on the economy, on businesses and on people.

The Bankwest Curtin Economics Centre was this source, responding swiftly to adjust its research agenda to produce the insights and evidence base that would inform how many people were facing job losses, the adequacy of wage replacements, the degree to which people could stay connected in lockdown and the impact on businesses and communities across Australia.

The Centre’s responsiveness to emerging economic and policy issues in 2020 has been unprecedented. In a year that was shaped by some of the biggest policy changes in history, BCEC was one of the standout providers of policy advice that was both sound and timely.

Their technical and subject-matter expertise saw researchers respond with information and recommendations on the design and adequacy of the JobKeeper and JobSeeker schemes, bringing forward planned tax cuts, and the effects of higher education reforms – all critical to minimising the adverse impacts of the pandemic.

2 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

FROM OUR BOARD CHAIR

Tim MarneyPrincipal, Nous Group; BCEC Advisory Board Chair

3BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

Cath HartExecutive Director, Housing Industry Association

Nigel de BussyPro Vice-Chancellor, Faculty of Business and Law, Curtin University

Richard BatorGeneral Manager Business Banking, Bankwest

Chris MoranDeputy Vice-Chancellor, Research, Curtin University

Paul VivianChief Customer Officer, Bankwest

Rob CoryHead of External Communication, Bankwest

Michael CourtDeputy Under Treasurer, Department of Treasury Western Australia

Rebecca BrownActing Director General, WA Department of Premier and Cabinet

Sue Ash AOSpecial Advisor, Community Services, WA Department of Premier and Cabinet

BCEC ADVISORY BOARD

4 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

Commentaries have become trusted sources of information on the latest labour market and economic trends in Western Australia and nationally.

These insights have never been more important as we seek to understand the effects of the pandemic on jobs and businesses, and assess the pace of economic recovery.

The Centre’s research programs tackled some major questions over the course of the year; how WA can deliver sustainable economic growth; how investing in our children is an investment in our future; and how diverse leadership delivers the best business outcomes.

And looking forward to 2021, we will continue to provide insights that support our economic recovery. These include research to be released early in 2021 on the impact of the pandemic on WA’s small businesses, based on findings from a new BCEC Small Business Survey funded through the WA State COVID-19 recovery fund.

I’d like to thank Bankwest and Curtin University for their continued support of the Centre. It is this support that allows us to deliver value to Western Australian households, businesses and communities.

In an extraordinary year, the Centre has risen to the challenge through research, analysis and commentary that has had a genuine influence on policy discussions on issues that affect us all.

Professor Alan Duncan

Since its establishment in 2012, the Bankwest Curtin Economics Centre has sought to deliver research that helps us to better understand the key economic and social issues that affect Western Australia and the nation. This year, that mission has never been more important.

2020 was a year like no other for many of us. Along with the rest of the world, the Centre needed to adapt to the realities of a global pandemic, which brought anxiety and economic stress to many, and new ways of working for us all.

The pandemic also brought a pressing need for timely, evidence-based research and analysis of economic and social issues that arose due to the pandemic.

I am extremely proud of the Centre’s response, not least with the release of a series of COVID-19 Research Briefs throughout the year that looked at the impact of the pandemic on job losses, physical isolation, mental health and working from home.

We were also able to shine a light on the Government’s policy responses to the crisis, with briefs on the JobKeeper wage subsidy, JobSeeker support and higher education reforms.

Our regular Monthly Labour Market Updates and Quarterly Economic

YEAR INREVIEW

Professor Alan DuncanDirector, Bankwest Curtin Economics Centre

5BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

OUR MISSION

The Bankwest Curtin Economics Centre’s core mission is to deliver high quality, independent, accessible research that enhances our understanding of key economic and social issues that contribute to the wellbeing of West Australian families, businesses and communities.

6 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

These were not findings of correlation - these were findings of causation, meaning more women in leadership caused better business performance.

Kate Jenkins, Sex Discrimination Commissioner at the Beijing Platform for Action, 25 years on

OUR IMPACT

Publication downloads

13,531Publications

44Speaking Engagements

47Boards and Committees

52

Audience Reach

22.3 million

Bankwest Curtin Economics Centre (BCEC)Level 4, Building 408, Curtin University

GPO Box U1987, Perth WA 6845Tel: +61 8 9266 2873 business.curtin.edu.au/bcec

Workplace Gender Equality Agency (WGEA)7, 309 Kent Street, Sydney NSW 2000

Tel: +61 2 9432 7000 www.wgea.gov.au

BCEC | WGEA Gender Equity Series

ADV084525

BCEC | WGEA Gender Equity Series

Gender equity insiGhts 2016

INSIDe AUSTrALIA’S GeNDer PAy GAP

084525 BCEC WGEA Gender Pay Equity Insights 2016 Report COVER.indd 1 26/02/16 2:57 PM

Bankwest Curtin Economics Centre (BCEC)Level 4, Building 408, Curtin University

GPO Box U1987, Perth WA 6845Tel: +61 8 9266 2873 bcec.edu.au

Workplace Gender Equality Agency (WGEA)7, 309 Kent Street, Sydney NSW 2000

Tel: +61 2 9432 7000 www.wgea.gov.au

BCEC | WGEA Gender Equity Series

ADV114977

BCEC | WGEA Gender Equity Series

GENDER EQUITY INSIGHTS 2019

BREAKING THROUGH THE GLASS CEILING

GENDER EQ

UITY IN

SIGHTS 2019 BREAKIN

G THRO

UGH

THE GLASS CEILIN

G BCEC | WGEA Gender Equity Series

114977_BCEC WGEA Gender Equity Insights Report 2019 Cover PUR.indd 1 26/02/2019 2:54 PM

Bankwest Curtin Economics Centre (BCEC)Level 4, Building 408, Curtin University

GPO Box U1987, Perth WA 6845Tel: +61 8 9266 2873 bcec.edu.au

Workplace Gender Equality Agency (WGEA)Level 7, 309 Kent Street, Sydney NSW 2000

Tel: +61 2 9432 7000 www.wgea.gov.au

BCEC | WGEA Gender Equity Series

ADV095917

BCEC | WGEA Gender Equity Series

GENDER EQUITY INSIGHTS 2017

INSIDe AUSTrALIA’S GeNDer PAy GAP

095917 BCEC WGEA Gender Pay Equity Insights 2017 Report COVER 4mm spine.indd 1 27/02/2017 3:34 PM

Bankwest Curtin Economics Centre (BCEC)Level 4, Building 408, Curtin University

GPO Box U1987, Perth WA 6845Tel: +61 8 9266 2873 bcec.edu.au

Workplace Gender Equality Agency (WGEA)7, 309 Kent Street, Sydney NSW 2000

Tel: +61 2 9432 7000 www.wgea.gov.au

BCEC | WGEA Gender Equity Series

ADV125489

BCEC | WGEA Gender Equity Series

GENDER EQUITY INSIGHTS 2020 DELIVERING THE

BUSINESS OUTCOMES

GENDER EQ

UITY IN

SIGHTS 2020 DELIVERIN

G THE BUSIN

ESS OU

TCOM

ES BCEC | WGEA Gender Equity Series

Bankwest Curtin Economics Centre (BCEC)Level 4, Building 408, Curtin University

GPO Box U1987, Perth WA 6845Tel: +61 8 9266 2873 bcec.edu.au

Workplace Gender Equality Agency (WGEA)7, 309 Kent Street, Sydney NSW 2000

Tel: +61 2 9432 7000 www.wgea.gov.au

BCEC | WGEA Gender Equity Series

ADV106268

BCEC | WGEA Gender Equity Series

GENDER EQUITY INSIGHTS 2018

INSIDE AUSTRALIA’S GENDER PAY GAP

GENDER EQ

UITY IN

SIGHTS 2018 IN

SIDE AUSTRALIA’S GEN

DER PAY GAP BCEC | WGEA Gender Equity Series

106268_BCEC WGEA Gender Equity Insights 2018 Report COVER 4mm spine GREY.indd 1 27/02/2018 1:09 PM

7BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

This world-leading research generated significant impact, with the findings endorsed and promoted by former Prime Minister Julia Gillard, Chair-Rapporteur of the UN Working Group on Discrimination against Women and Girls, British High Commissioner to Australia Vicki Treadell and Sex Discrimination Commissioner Kate Jenkins.

The research has led to substantive actions from Australian companies and shareholders including the ambitious investor-led 40:40 Vision that aims to see women fill 40 per cent of executive roles in ASX200 listed companies by 2030.

Gender Equity Insights 2020: Delivering the Business Outcomes

Our five year partnership with the Workplace Gender Equality Agency culminated in one of the most significant research reports released by BCEC. Gender Equity Insights 2020: Delivering the Business Outcomes showed a convincing causal relationship between an increase in the number of women in key decision-making positions and subsequent improvements in company performance.

Led by Rebecca Cassells and Alan Duncan, the report found that an increase in the share of female ‘top-tier’ managers by 10 percentage points or more led to a 6.6 per cent increase in the market value of Australian ASX-listed companies, worth the equivalent of AUD$104.7 million.

The findings were released in June 2020, with Annabel Crabb, ABC Chief Political Writer hosting an expert panel including Sinead Taylor, Executive General Manager, Bankwest; Libby Lyons, Director of the Workplace Gender Equality Agency; and Sue Morphet, President, Chief Executive Women.

8 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

We believe in research that makes a difference. Research that fulfils a purpose and responds to the needs of the Western Australian and broader Australian community.

In 2020, BCEC responded to a rapidly changing environment, adapting our research outputs to provide an accessible, independent and contemporary evidence-base to inform the economic and social impact of COVID-19.

We produced some of the first estimates of job losses across Australian states and industries, giving policy makers a benchmark to guide their expectations and responses. We extended this research by estimating the adequacy of JobKeeper and JobSeeker, identifying winners and losers and providing alternative solutions to two of the most significant policy changes we are likely to see in our lifetime.

We also brought new insights on the need to stay connected, working from home in lockdown and the importance of recognising the relationship between work and mental health.

We continued our long-standing research programs that deep-dive into issues of importance to Western Australia. Our Early Years:

Investing in Our Future research program delivered new insights into the extent of inequality of early learning opportunities across WA and Australia’s regions.

Through our Green Shoots: Opportunities to grow a sustainable WA Economy report we identified significant opportunities for WA to transition to a more sustainable and resilient economic future and at the same time create thousands of jobs for the state and save WA households hundreds of dollars each year.

The impact of COVID-19 on businesses was a core focus of the Centre’s 2020 research program and we responded by capturing new data through the 2020 BCEC Small Business Survey. Co-funded by the WA Department of Jobs, Tourism, Science and Innovation, this survey has given us greater understanding of the impact of COVID-19 on small businesses across WA’s regions including whether they have the supports needed to succeed and how they see the future outlook.

RESEARCHTHATMATTERS

9BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

Opportunities to grow a sustainable WA economy

BANKWEST CURTIN ECONOMICS CENTRE

Focus on Industry Series, No. 5November 2020

GREEN SHOOTSFocus on Western Australia Report Series, No.13August 2020

Investing in Our Future

BANKWEST CURTIN ECONOMICS CENTRE

THE EARLY YEARS

bcec.edu.au

Bankwest Curtin Economics CentreTel: +61 8 9266 2873 Email: [email protected]

© Curtin University 2020CRICOS Provider Code 00301JADV128201

Contact

THE

EA

RLY

YE

AR

S Investing in O

ur Future Focus on

Western

Au

stralia

Rep

ort Series, No. 13 A

ugust 2020

128201_BCEC The Early Years Investing in Our Future Report 2020 Cover PRINT.indd 1-3128201_BCEC The Early Years Investing in Our Future Report 2020 Cover PRINT.indd 1-3 7/10/20 3:04 pm7/10/20 3:04 pm

Diversifying into more sustainable industries would deliver 55,000 jobs and $16bn to the WA economy.

Alan Duncan, BCEC Director

Access to early learning opportunities are providing positive outcomes for thousands of young children in Australia. Yet children facing greater disadvantage are the very ones missing out on the support that was ostensibly meant for them.

Rebecca Cassells, BCEC Deputy Director

10 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

OURSIGNATURE EVENTS

Events represent one of the largest engagement activities for the Bankwest Curtin Economics Centre. Launching our research outputs at large-scale events with key stakeholders ensures that we are always working in alignment with our mission to deliver high quality, accessible research.

These forums bring together experts and policy-makers to convene important conversations on issues that affect the wellbeing of West Australians and Australians.

In 2020, the Centre had to swiftly adapt how we delivered events due to the global pandemic, shifting many of our planned events from in-person to online and back again.

The continued delivery of high-quality events, both online and in-person, is a testament to the dedication of the Bankwest Curtin Economics Centre team to share our core research and create meaningful impact for Western Australians.

During 2020 we held five major events, bringing together more than 1,100 people and connecting key stakeholders from the business, government, not-for-profit and academic communities.

BCEC | FOWI Future of Work Workshop, January 202013-14 February 2020, 37 St Georges TerraceSpecial Guest: Associate Professor Thomas O’Neill, Department of Psychology, Calgary University

Climate Change and the Future of Work in Australia Policy Symposium, January 2020Special Guests: Professor John Hewson, ANU Crawford School & BCEC Fellow; Professor Sharon Parker, Director, Centre for Transformative Work Design, Future of Work Institute; Louise Giolitto, CEO, WACOSS and Astghik Mavisakalyan, BCEC Principal Research Fellow.

BCEC | WGEA Gender Equity Insights 2020: Delivering the Business Outcomes19 June 2020, onlineSpecial Guests: Libby Lyons, Director, Workplace Gender Equity Agency; Annabelle Crabb, Author, Presenter and ABC Chief Political Writer; Sinead Taylor, Executive General Manger Bankwest; Sue Morphet, President Chief Executive Women.

The Early Years: Investing in Our Future28 August 2020, onlineSpecial Guests: Colin Pettit, Western Australian Commissioner for Children and Young People; Kim Isaacs, Kimberly Aboriginal Medical Service; Jay Weatherill, CEO, Thrive by Five and Rochelle Matacz, ECU Pregnancy to Parenthood Clinic.

11BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

You often hear some politicians say there’s a trade off between economic growth and jobs. We now know that’s not true.

Hon Dave Kelly BA MLA, Minister for Water; Forestry; Innovation and ICT; Science; Youth.

Green Shoots: Opportunities to Grow a Sustainable WA Economy 12 November 2020, Perth Convention and Exhibition CentreSpecial Guests: Hon Dave Kelly MLA, Minister for Water; Forestry; Innovation and ICT; Science; Youth; Elizabeth Brennan, Managing Director, agdots; Yvonne Power, Co-Founder and Chief Operating Officer, Village Energy; and Piers Verstegen, Executive Director, Conservation Council of Western Australia.

BCEC | Business News State of the Economy Lunch27 November 2020, Perth Convention and Exhibition CentreSpecial Guest: Hon Ben Wyatt MLA, Treasurer; Minister for Finance; Aboriginal Affairs; Lands, Sinead Taylor, Executive General Manager Bankwest, Rachael Ferguson, CEO SynxBody.

12 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

COLLABORATIVE PARTNERSHIPS

BCEC’s engagement with key stakeholders at all stages of the research process has become one of the unique and defining characteristics of the Centre. This coordinated strategy ensures that BCEC’s research remains relevant, fit for purpose, and provides a benefit to the broad spectrum of stakeholders.

In 2020, we also embarked on a number of formal collaborations aimed at answering specific research questions or addressing gaps in economic discourse.

We partnered with Business News to pursue a common goal of improving economic discourse in Western Australia. To deliver on this goal we held our first joint State of the Economy lunch with special guest WA Treasurer, The Hon. Ben Wyatt MLA and supported by a new release of the BCEC Quarterly Economic Commentary.

As part of the strategic partnership with Business News, BCEC researchers also contribute regular insights and expert knowledge to Business News’ fortnightly edition, reaching 178,000 readers either in print or online.

Our partnership with Scitech led to a comprehensive evaluation of Scitech’s economic impact on the Western Australian economy, and the broader community.

In recognition of the special challenges facing Aboriginal and Torres Strait Islander members of superannuation funds, we partnered with UniSuper to explore how superannuation outcomes could be improved for Indigenous Australians.

We were commissioned by the Federal Treasury to provide empirical research that would determine whether or not the Age Pension asset test has a tangible impact on pre-retirement savings behaviour.

And our long-standing partnership with the Workplace Gender Equality Agency delivered some of the most impactful research in the history of the Centre, with globally significant findings on the link between diversity in company leadership and better business outcomes.

ISBN: 978-1-9250836-44© Curtin University of Technology 2020CRICOS Provider Code 00301JADV127760

BANKWEST CURTIN ECONOMICS CENTRE

Tel: +61 8 9266 1744Email: [email protected]

bcec.edu.au

THE ROLE OF SCITECH IN THE WA ECONOMY An Economic Impact Assessment

July 2020

THE

RO

LE O

F SC

ITEC

H IN

THE

WA

EC

ON

OM

Y A

n Economic Im

pact Assessm

ent July 2020

127760_BCEC Scitech Economic Impact Assessment Report Cover.indd 1-3127760_BCEC Scitech Economic Impact Assessment Report Cover.indd 1-3 4/8/20 1:47 pm4/8/20 1:47 pm 13BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

Bankwest Curtin Economics Centre (BCEC)Level 4, Building 408, Curtin University

GPO Box U1987, Perth WA 6845Tel: +61 8 9266 2873 bcec.edu.au

Workplace Gender Equality Agency (WGEA)7, 309 Kent Street, Sydney NSW 2000

Tel: +61 2 9432 7000 www.wgea.gov.au

BCEC | WGEA Gender Equity Series

ADV125489

BCEC | WGEA Gender Equity Series

GENDER EQUITY INSIGHTS 2020 DELIVERING THE

BUSINESS OUTCOMES

GENDER EQ

UITY IN

SIGHTS 2020 DELIVERIN

G THE BUSIN

ESS OU

TCOM

ES BCEC | WGEA Gender Equity Series

Professor Mike Dockerya with support from Dr Julie Owenb, Dr Anna Dwyerc, Dr Nigar Sultanad, Professor Alan Duncana and Associate Professor Rebecca Cassellsa

a. Bankwest Curtin Economics Centre, Curtin University.b. Centre for Aboriginal Studies, Curtin University.c. Nulungu Research Centre, University of Notre Dame, Broome.d. School of Accounting, Faculty of Business and Law, Curtin University.

BCEC Research ReportMay 2020

Bankwest Curtin Economics Centre and UniSuper

ABORIGINAL AND TORRES STRAIT ISLANDER AUSTRALIANS AND THE SUPERANNUATION SYSTEM

It’s great to see BCEC continuing the important work of reporting Workplace Gender Equity Agency data to hold the business sector accountable to gender equity; especially when considering COVID-19 recovery strategies.

14 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

POLICYINSIGHTS

BCEC researchers have been working hard at the intersection of academia and policy, providing the evidence-base needed for future directions for Western Australia and Australia.

We started 2020 by seeing our comprehensive WA Women’s Report Card underpin actions to address barriers to women’s progress and promote the benefits of greater gender equity through the release of the State Government’s first 10-year Women’s Plan, Stronger Together: WA’s Plan for Gender Equality.

We completed a major project for the Australian Treasury looking at the impact of the Aged Pension assets test on retirement savings patterns.This research established a link between changes in the assets test and household asset allocation behaviour prior to retirement for households that were very close to the upper assets threshold for Age Pension eligibility. This work fed directly into the final report of the Retirement Income Review.

We also delivered a research report examining the appropriateness of the superannuation system for Indigenous Australians in partnership with Unisuper, outlining a set of recommendations that could help to improve the support provided to Indigenous superannuation policy holders making the transition into

retirement. The report formed an important evidence base for the Retirement Income Review and was part of a submission to the inquiry.

The 2020-21 Federal Budget brought forward the second stage of the Coalition government’s Personal Income Tax plan, as well as changes to the Low-Middle Income Tax Offset. We provided detailed analysis of how these reforms would affect Australian households using the Centre’s tax policy evaluation model – EVITA. Two policy briefs from this work have been published and the findings cited extensively across national media outlets.

15BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

We released a policy brief analysing the proposed changes to higher education fees, including how effective the policy would be in incentivising a shift towards more ‘job-relevant’ courses and how these changes would affect men and women differently. This analysis was used in a BCEC submission to the Education and Employment Legislation Committee’s inquiry into the Higher Education Support Amendment (Job-Ready Graduates and Supporting Regional and Remote Students) Bill 2020.

We undertook bespoke scenario analysis of JobSeeker changes which was covered in the Sydney Morning Herald. This analysis has received extensive ongoing coverage and engagement and we continue to be a part of the debate around lifting the rate of JobSeeker.

Our work on the health and aged care sectors revealing the strong possibility that personal care workers in residential aged care facilities are being used as substitutes for enrolled nurses formed part of a BCEC submission to the Royal Commission into Aged Care Quality and Safety on the impact of COVID-19 highlights, contributing to the evidence-base needed for the inquiry.

16 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

ACADEMICRIGOUR

At the heart of the Centre’s growing national and international reputation is the unique blend of academic rigour, topicality and policy relevance it brings to cutting-edge research and analysis. This commitment to intellectual rigour is one of the qualities that differentiates the Bankwest Curtin Economics Centre from many other economic policy institutes within or outside the university sector.

The Centre’s researchers publish in some of the best economic and policy journals in the world, with new publications during 2020 in prestigious outlets such as the European Economic Review, the International Migration Review, World Development and the Review of Economics of the Household.

In one of the highlights for the year for excellence with impact, the Centre released a special issue of the Australian Journal of Labour Economics (AJLE) devoted to the effects of COVID-19 on the Australian labour market. The AJLE special issue attracted contributions from some of the best academic labour economists in Australia, including a paper from BCEC’s Rebecca Cassells and Alan Duncan that looked at the efficacy of JobKeeper as Australia’s first short-time wage subsidy.

Centre researchers were invited to present their research at international fora including the Harvard Kennedy School, the International Monetary Fund and the World Bank in the United States,

to the World Society of Labor Economics conference in Berlin; the International Association of Feminist Economists and to the Armenian Economic Association Women in Economics Workshop.

BCEC researchers also presented at many academic seminars and workshops around Australia throughout 2020, as well as giving invited seminars at the Leibniz Institute, Regensburg; the Toulouse School of Economics; and the National Centre for Spatial Studies (CNES) at the University of Toulouse.

We continue to support the development of academic research by bringing together researchers from around the world through seminar series and workshops. Our BCEC seminar series is held monthly and is designed to help progress people’s work at early stages by providing feedback and peer insights. In partnership with the Future of Work Institute, we host an annual Future of Work Workshop, bringing together economists, organisational psychologists and demographers to discuss key questions surrounding the future of work.

And our commitment to excellence extends to developing the next generation of academic researchers, through our PhD scholarship program. The centre hosted four PhD Scholars in 2020, with BCEC PhD Scholar Toan Nguyen completing his Doctorate on the topic of Essays on the Economics of Immigration into Australia.

17BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

AU

STRA

LIAN

JOU

RN

AL O

F LAB

OU

R EC

ON

OM

ICS V

olume 23 • N

umber 1 • 2020

Volume 23 • Number 2 • 2020 • ISSN 1328 - 1143

From the Managing EditorPhil Lewis

JobKeeper: The efficacy of Australia’s first short-time wage subsidyRebecca Cassells and Alan Duncan

Early estimates of the impact of COVID-19 disruptions on jobs, wages, and lifetime earnings of school children in Australia

Gigi Foster

Measuring the impacts of COVID-19 on job postings in Australia using a reweighting-estimation-transformation approach

Kailing Shen and Bledi Taska

Scarring effects: A review of Australian and international literatureJeff Borland

How might COVID-19 affect the Indigenous labour market?Yonatan Dinku, Boyd Hunter and Francis Markham

The urgent need for Tax Reform in Australia in the COVID-19 WorldTristram Sainsbury and Robert Breunig

The Proposed Job-ready Graduate Package: a misguided arrow missing its target

Anne Daly and Phil Lewis

18 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

Our team consists of 14 dedicated and hardworking staff and 4 PhD scholars, passionate about improving their community through relevant and high quality economic and social policy research.

Working at the nexus of academia and industry, our researchers are able to communicate accessible research that is academically excellent, relevant to contemporary debates and influential in promoting better informed policy development.

We are proud of our team’s commitment and expertise, which includes economic forecasting, quantitative modelling and economic and social policy evaluation.

OURPEOPLE

Professor Alan DuncanDirector

Associate Professor Rebecca CassellsDeputy Director

Sian FlynneBusiness Manager

LEADERSHIP

19BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

Associate Professor Astghik MavisakalyanPrincipal Research Fellow

Caroline StewartAdministrative Officer

Chris TwomeySenior Industry Fellow

Christopher PhelpsBCEC PhD Scholar

Dr Daniel KielySenior Research Fellow

Sandie RawnsleyEditorial Assistant

Dr Richard SeymourResearch Fellow

Dr Silvia SalazarResearch Fellow

Dr Steven Bond-SmithResearch Fellow

Toan NguyenBCEC PhD Scholar

Professor Michael DockeryPrincipal Research Fellow

Michael KirknessResearch Assistant

Jaslin KalsiBCEC PhD Scholar

Joanna HolcombeCommunications and Engagement Coordinator

Maria Sandoval-GuzmanBCEC-WiSER PhD Scholar

20 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

Marquee ReportsGender Equity Insights 2020: Delivering the Business Outcomes BCEC I WGEA Gender Equity Insights report #5 Authors: Rebecca Cassells, Alan DuncanLaunched: 19 June 2020

The Early Years: Investing in Our FutureFocus on Western Australia report #13Authors: Rebecca Cassells, Michael Dockery, Alan Duncan, Daniel Kiely, Michael Kirkness, Toan Nguyen, Richard Seymour, Chris Twomey Launched: 28 August 2020

Green Shoots: Opportunities to grow a sustainable WA economyFocus on Industry report #5Authors: Steven Bond-Smith, Rebecca Cassells, Alan Duncan, Astghik Mavisakalyan, Silvia Salazar, Maria Sandoval-Guzman, Richard Seymour, Chris TwomeyLaunched: 12 November 2020

Other BCEC Research Reports

Aboriginal and Torres Strait Islander Australians and the Superannuation System Authors: Michael Dockery, Julie Owen, Anna Dwyer, Nigar Sultana, Alan Duncan, Rebecca Cassells Launched: 9 June 2020

The Role of Scitech in the WA EconomyAuthors: Jo Bloomfield, Alan Duncan, Daniel Kiely, Richard SeymourLaunched: July 2020

BCEC Policy BriefsAnalysis of costs and savings of Proposed Reforms to Higher Education Authors: Steven Bond-Smith, Rebecca CassellsPublished: July 2020

BCEC Policy Brief 2020: Low-Middle Income Tax OffsetAuthors: Rebecca Cassells, Alan DuncanPublished: 29 October 2020

BCEC Policy Brief 2020: Distributional impacts of bringing forward the second stage of the Personal Income Tax planAuthors: Rebecca Cassells, Alan Duncan, Richard SeymourPublished: October 2020

Public Submissions

Retirement Incomes and Aboriginal and Torres Strait Islander Australians Submitted to: Treasury Retirement Incomes Review Author: Michael Dockery Published: May 2020

Higher Education Support Amendment (Job-Ready Graduates and Supporting Regional and Remote Students) Bill 2020Submitted to: Education and Employment Legislation CommitteeAuthors: Alan Duncan, Rebecca Cassells, Steven Bond-SmithPublished: September 2020

LIST OF PUBLICATIONS 2020

21BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

BCEC Briefing NoteAgriculture in WA – Update NoteAuthors: Steven Bond-Smith, Daniel Kiely and Silvia Salazar Published: December 2020

BCEC COVID-19 Research Briefs

Physical Isolation: Staying Connected During COVID-19 Authors: Rebecca Cassells, Alan Duncan, Daniel Kiely, Astghik Mavisakalyan Published: March 2020

Potential Job Losses in the COVID-19 Pandemic Authors: Rebecca Cassells, Michael Dockery, Alan Duncan, Daniel Kiely, Astghik MavisakalyanPublished: March 2020

Job Keepers and Job Seekers: How many workers will lose and how many will gain? Authors: Rebecca Cassells, Alan Duncan Published: March 2020

Short-term and long-term casual workers: how different are they? Authors: Rebecca Cassells, Alan Duncan Published: April 2020

Working from Home in the COVID-19 Lockdown Authors: Sherry Bawa, Michael DockeryPublished: May 2020

Work and Mental Health – Implications of COVID-19 Authors: Rebecca Cassells, Michael Dockery, Alan Duncan, Daniel Kiely, Astghik Mavisakalyan Published: May 2020

Impact and Response of Businesses in Australia to COVID-19 Authors: Rebecca Cassells, Alan Duncan, Daniel Kiely, Astghik Mavisakalyan Published: July 2020

BCEC Journal Articles Macroeconomic Fluctuations in Home Countries and Immigrants’ Well-Being International Migration Review Authors: Ha Nguyen, Alan Duncan Published: March 2020

Migration flows in commodity cycles: Assessing the role of migration policies European Economic ReviewAuthors: Alan Duncan, Mark Harris, Astghik Mavisakalyan, Toan Nguyen Published: May 2020

Chapter 2: Responses to Climate Change Worldwide: Individual Preferences and Policy Actions around the WorldEnvironmental Policy: An Economic PerspectiveAuthors: Andrew John Brennan, Astghik Mavisakalyan, Yashar TarverdiPublished: July 2020

A methodology for projecting sparse populations and its application to remote Indigenous communitiesJournal of Geographical SystemsAuthors: Michael Dockery, Nicholas Holyoak, Ranjodh B. SinghPublished: July 2020

Measuring governance: Why do errors matter?World DevelopmentAuthors: Yashar Tarverdi, Leandro M. MagnussonPublished: August 2020

Autonomous vehicles and cycling: Policy implications and management issuesTransportation Research Interdisciplinary PerspectivesAuthors: Simone Pettigrew, John D. Nelson, Richard NormanPublished: August 2020

JobKeeper: The efficacy of Australia’s first short-time wage subsidyAustralian Journal of Labour EconomicsAuthors: Rebecca Cassells, Alan DuncanPublished: September 2020

Female autonomy in household decision-making and intimate partner violence: evidence from Review of Economics of the HouseholdAuthors: Astghik Mavisakalyan, Anu RammohanPublished: October 2020

BCEC Working Papers

Paradise Postponed: Future Tense and Religiosity Authors: Astghik Mavisakalyan, Yashar Tarverdi, Clas Weber Published: March 2020

Household density and children’s wellbeing in Australia: Are children’s homes too empty?Author: Michael DockeryPublished: September 2020

Female autonomy in household decision-making and intimate partner violence: evidence fromAuthors: Astghik Mavisakalyan, Anu RammohanPublished: October 2020

Changing demand for STEM skills in Australia and gender implicationsAuthor: Michael DockeryPublished: November 2020

22 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

BCEC Monthly Labour Market Update BCEC Monthly Labour Market Update – December 2019 Authors: Rebecca Cassells, Michael Dockery, Alan DuncanPublished: 24 January 2020

BCEC Monthly Labour Market Update – January 2020 Authors: Rebecca Cassells, Michael Dockery, Alan Duncan Published: 21 February 2020

BCEC Monthly Labour Market Update – February 2020 Authors: Rebecca Cassells, Michael Dockery, Alan DuncanPublished: 28 March 2020

BCEC Monthly Labour Market Update – March 2020 Authors: Rebecca Cassells, Michael Dockery, Alan Duncan Published: 16 April 2020

BCEC Monthly Labour Market Update – April 2020 Authors: Rebecca Cassells, Michael Dockery, Alan Duncan Published: 18 May 2020

BCEC Monthly Labour Market Update – May 2020 Authors: Rebecca Cassells, Michael Dockery, Alan DuncanPublished: 26 June 2020

BCEC Monthly Labour Market Update – June 2020Authors: Rebecca Cassells, Michael Dockery, Alan DuncanPublished: 17 July 2020

BCEC Monthly Labour Market Update – July 2020Authors: Rebecca Cassells, Michael Dockery, Alan DuncanPublished: 14 August 2020

BCEC Monthly Labour Market Update – August 2020Authors: Rebecca Cassells, Michael Dockery, Alan DuncanPublished: 18 September 2020

BCEC Monthly Labour Market Update – September 2020Authors: Rebecca Cassells, Michael Dockery, Alan DuncanPublished: 20 October 2020

BCEC Monthly Labour Market Update – October 2020Authors: Rebecca Cassells, Michael Dockery, Alan Duncan Published: 23 November 2020

23BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020

BCEC Quarterly Economic Commentary BCEC Quarterly Economic Commentary – July 2020 Authors: Rebecca Cassells, Daniel Kiely, Silvia SalazarPublished: 17 July 2020

BCEC Quarterly Economic Commentary – November 2020 Authors: Rebecca Cassells, Alan Duncan, Daniel Kiely, Silvia SalazarPublished: 27 November 2020

BCEC Newsletter

BCEC Newsletter Summer 2019 edition Author: Caroline Stewart Published: April 2020

bcec.edu.au

Bankwest Curtin Economics CentreTel: +61 8 9266 2873 Email: [email protected]

© Curtin University 2021CRICOS Provider Code 00301JADV132834

Contact