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Income and Well-Being: Evidence from International Commodity Price Shocks

Income and Well-Being

Prof Markus Brueckner

The research project will examine effects of income -- arising from international commodity price windfalls – on peoples’ well-being. Both objective and subjective measures of well-being will be analysed. The project will be empirical in nature. It will have two levels of analysis. The first level is at the cross-country time-series level. The second level of analysis is at the sub-national level, tailored to the Australian economy. Exports of natural resources, such as iron, coal and copper, are an important source of income for the Australia economy. The international prices for these commodities have declined in recent years, causing a drop in national income. It is important to understand how this affects the well-being of Australians.

Updated:   8 March 2019 / Responsible Officer:  CBE Communications and Outreach / Page Contact:  College Web Team