BANKWEST CURTIN ECONOMICS CENTRE 2020

 
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BANKWEST CURTIN ECONOMICS CENTRE 2020
BANKWEST CURTIN ECONOMICS CENTRE

2020
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
                                                                                   Tim Marney                is crucial to making effective decisions, the
                                                                                   Principal, Nous Group;    Centre’s fierce commitment to engagement
                                                                                   BCEC Advisory Board       and responsible independence ensures that
                                                                                   Chair                     research findings and recommendations
                                                                                                             are communicated to the widest possible
                                                                                                             audience, for the widest possible benefit.
                                                            The year 2020 will be remembered as one of
                                                            the most disruptive in our modern history.       The BCEC is relatively unique in the way it
                                                            A global pandemic brought about one of the       applies both an economic and a social lens to
                                                            most rapid and significant economic shocks       important public policy issues. The two are
                                                            that we could have imagined or are ever          complementary and that complementarity

FROM OUR
                                                            likely to see again in our lifetimes. Having a   is essential. This philosophy underpins the
                                                            trusted and independent source to rely on        Centre’s approach to issues that directly
                                                            for analysis and insights has been critical      impact West Australians.
                                                            to understand the extent of the impact of
                                                                                                             In 2020, this included an in-depth
                                                            this shock on the economy, on businesses

BOARD CHAIR
                                                                                                             examination of the inequality of early learning
                                                            and on people.
                                                                                                             opportunities for Western Australia’s young
                                                            The Bankwest Curtin Economics Centre was         children. The Centre released major reports
                                                            this source, responding swiftly to adjust its    that provided a deeper understanding of
                                                            research agenda to produce the insights          the state’s environmental footprint, and the
                                                            and evidence base that would inform how          opportunities that exist to grow a sustainable
                                                            many people were facing job losses, the          and diverse Western Australian economy.
                                                            adequacy of wage replacements, the degree
                                                            to which people could stay connected in          Having a research centre that is so focussed
                                                            lockdown and the impact on businesses            on improving the lives of West Australians is
                                                            and communities across Australia.                something that we should all value.

                                                            The Centre’s responsiveness to emerging          I would like to take this opportunity to thank
                                                            economic and policy issues in 2020 has           the Centre’s leadership and staff for all their
                                                            been unprecedented. In a year that was           hard work in 2020.
                                                            shaped by some of the biggest policy             For a Centre with only nine full-time
                                                            changes in history, BCEC was one of the
                                                                                                             researchers, it certainly punches well above its
                                                            standout providers of policy advice that
                                                                                                             weight. I would also like to thank the Advisory
                                                            was both sound and timely.
                                                                                                             Board for their contributions that have helped
                                                            Their technical and subject-matter expertise     to shape the Centre’s research program and
                                                            saw researchers respond with information         thinking.
                                                            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
2   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020                                                    Tim Marney
                                                            – all critical to minimising the adverse
                                                            impacts of the pandemic.
BANKWEST CURTIN ECONOMICS CENTRE 2020
Cath Hart                           Chris Moran                       Michael Court
           Executive Director,                 Deputy Vice-Chancellor,           Deputy Under Treasurer,
           Housing Industry Association        Research, Curtin University       Department of Treasury

BCEC
                                                                                 Western Australia

ADVISORY
BOARD      Nigel de Bussy
           Pro Vice-Chancellor,
           Faculty of Business and Law,
           Curtin University
                                               Paul Vivian
                                               Chief Customer Officer,
                                               Bankwest
                                                                                 Rebecca Brown
                                                                                 Acting Director General,
                                                                                 WA Department of
                                                                                 Premier and Cabinet

           Richard Bator                       Rob Cory                          Sue Ash AO
           General Manager Business            Head of External                  Special Advisor, Community
           Banking, Bankwest                   Communication, Bankwest           Services, WA Department of
                                                                                 Premier and Cabinet

                                          BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020         3
BANKWEST CURTIN ECONOMICS CENTRE 2020
Commentaries have become trusted
                                                                                                           sources of information on the latest
                                                                                                           labour market and economic trends in
                                                                                                           Western Australia and nationally.
                                                                                  Professor Alan Duncan    These insights have never been more
                                                                                  Director, Bankwest
                                                                                                           important as we seek to understand
                                                                                  Curtin Economics
                                                                                                           the effects of the pandemic on jobs
                                                                                  Centre
                                                                                                           and businesses, and assess the pace of
                                                            Since its establishment in 2012, the           economic recovery.
                                                            Bankwest Curtin Economics Centre has           The Centre’s research programs tackled
                                                            sought to deliver research that helps us to    some major questions over the course of
                                                            better understand the key economic and         the year; how WA can deliver sustainable
                                                            social issues that affect Western Australia    economic growth; how investing in our

YEAR IN
                                                            and the nation. This year, that mission has    children is an investment in our future;
                                                            never been more important.                     and how diverse leadership delivers the
                                                                                                           best business outcomes.
                                                            2020 was a year like no other for many
                                                            of us. Along with the rest of the world, the   And looking forward to 2021, we will

REVIEW
                                                            Centre needed to adapt to the realities of a   continue to provide insights that support
                                                            global pandemic, which brought anxiety and     our economic recovery. These include
                                                            economic stress to many, and new ways of       research to be released early in 2021 on
                                                            working for us all.                            the impact of the pandemic on WA’s small
                                                                                                           businesses, based on findings from a
                                                            The pandemic also brought a pressing need      new BCEC Small Business Survey funded
                                                            for timely, evidence-based research and        through the WA State COVID-19 recovery
                                                            analysis of economic and social issues that    fund.
                                                            arose due to the pandemic.
                                                                                                           I’d like to thank Bankwest and Curtin
                                                            I am extremely proud of the Centre’s           University for their continued support of
                                                            response, not least with the release of        the Centre. It is this support that allows
                                                            a series of COVID-19 Research Briefs           us to deliver value to Western Australian
                                                            throughout the year that looked at the         households, businesses and communities.
                                                            impact of the pandemic on job losses,
                                                            physical isolation, mental health and          In an extraordinary year, the Centre has
                                                            working from home.                             risen to the challenge through research,
                                                                                                           analysis and commentary that has had
                                                            We were also able to shine a light on the      a genuine influence on policy discussions
                                                            Government’s policy responses to the crisis,   on issues that affect us all.
                                                            with briefs on the JobKeeper wage subsidy,
                                                            JobSeeker support and higher education
                                                            reforms.
                                                            Our regular Monthly Labour Market
4   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
                                                            Updates and Quarterly Economic                 Professor Alan Duncan
BANKWEST CURTIN ECONOMICS CENTRE 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.                    BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020   5
BANKWEST CURTIN ECONOMICS CENTRE 2020
Publications              Publication

                                                                       44 13,531
                                                                                                  downloads

                                                            Audience Reach

                                                            22.3 million                Speaking Engagements

OUR                                                         Boards and Committees      47
IMPACT                                                                       52
                                                                    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

6   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
BANKWEST CURTIN ECONOMICS CENTRE 2020
Gender Equity Insights 2020:                                                                                                                       This world-leading research generated
Delivering the Business Outcomes                                                                                                                   significant impact, with the findings
                                                                                                                                                   endorsed and promoted by former
Our five year partnership with the
                                                                                                                                                   Prime Minister Julia Gillard, Chair-
Workplace Gender Equality Agency
                                                                                                                                                   Rapporteur of the UN Working Group
culminated in one of the most
                                                                                                                                                   on Discrimination against Women
significant research reports released
                                                                                                                                                   and Girls, British High Commissioner
by BCEC. Gender Equity Insights
                                                                                                                                                   to Australia Vicki Treadell and Sex
2020: Delivering the Business
                                                                                                                                                   Discrimination Commissioner
Outcomes showed a convincing
                                                                                                                                                   Kate Jenkins.
causal relationship between an
increase in the number of women in                                                                                                                 The research has led to substantive
key decision-making positions and                                                                                                                  actions from Australian companies and
subsequent improvements in company                                                                                                                 shareholders including the ambitious
performance.                                                                                                                                       investor-led 40:40 Vision that aims to
                                                                                                                                                   see women fill 40 per cent of executive
Led by Rebecca Cassells and Alan
                                                                                                                                                   roles in ASX200 listed companies
Duncan, the report found that an
                                                                                                                                                   by 2030.
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

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    GENDER EQUITY INSIGHTS 2019 BREAKING THROUGH THE GLASS CEILING

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              GENDER EQUITY INSIGHTS 2020 DELIVERING THE BUSINESS OUTCOMES
                                                                                                                                                                                                                                                                                                                                                                                                                                         GENDER EQUITY INSIGHTS 2018 INSIDE AUSTRALIA’S GENDER PAY GAP
Lyons, Director of the Workplace Gender
Equality Agency; and Sue Morphet,
President, Chief Executive Women.
                                                                                                                                                                                                                                                                                                                                                                                                                                          BCEC | WGEA Gender Equity Series

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                                                                                                                                                                     Gender equity                                                                                                                          GENDER EQUITY                                                                                                                                                                                                  GENDER EQUITY                                                                                                                                                                               GENDER EQUITY                                                                                                                                          GENDER EQUITY
                                                                                                                                                                      insiGhts 2016                                                                                                                          INSIGHTS 2017                                                                                                                                                                                                  INSIGHTS 2018                                                                                                                                                                              INSIGHTS 2019                                                                                                                                          INSIGHTS 2020
                                                                                                                                                                                                                                                                                                           INSIDe AUSTrALIA’S
                                                                                                                                                                                                                      Bankwest Curtin Economics Centre (BCEC)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          INSIDE AUSTRALIA’S
                                                                                                                                                                                                                                                                                                                                                              Bankwest Curtin Economics Centre (BCEC)

                                                                                                                                                                    INSIDe AUSTrALIA’S
                                                                                       Bankwest Curtin Economics Centre (BCEC)                                                                                                                                                                                                                                                                                                                                                                                                                                             Bankwest Curtin Economics Centre (BCEC)                                                                                                                 Bankwest Curtin Economics Centre (BCEC)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     BREAKING THROUGH                                                                                                                                          DELIVERING THE
                                                                                           Level 4, Building 408, Curtin University                                                                                      Level 4, Building 408, Curtin University                                                                                                Level 4, Building 408, Curtin University                                                                                                                                                                     Level 4, Building 408, Curtin University                                                                                                                Level 4, Building 408, Curtin University
                                                                                               GPO Box U1987, Perth WA 6845                                                                                                 GPO Box U1987, Perth WA 6845                                                                                                            GPO Box U1987, Perth WA 6845                                                                                                                                                                                 GPO Box U1987, Perth WA 6845                                                                                                                            GPO Box U1987, Perth WA 6845
                                                                                    Tel: +61 8 9266 2873 business.curtin.edu.au/bcec                                                                                       Tel: +61 8 9266 2873 bcec.edu.au                                                                                                        Tel: +61 8 9266 2873 bcec.edu.au                                                                                                                                                                             Tel: +61 8 9266 2873 bcec.edu.au                                                                                                                        Tel: +61 8 9266 2873 bcec.edu.au

                                                                                                                                                                      GeNDer PAy GAP                                                                                                                         GeNDer PAy GAP                                                                                                                                                                                                 GENDER PAY GAP                                                                                                                                                                            THE GLASS CEILING                                                                                                                                      BUSINESS OUTCOMES
                                                                                       Workplace Gender Equality Agency (WGEA)                                                                                        Workplace Gender Equality Agency (WGEA)                                                                                                 Workplace Gender Equality Agency (WGEA)                                                                                                                                                                     Workplace Gender Equality Agency (WGEA)                                                                                                                  Workplace Gender Equality Agency (WGEA)
                                                                                           7, 309 Kent Street, Sydney NSW 2000                                                                                         Level 7, 309 Kent Street, Sydney NSW 2000                                                                                                  7, 309 Kent Street, Sydney NSW 2000                                                                                                                                                                         7, 309 Kent Street, Sydney NSW 2000                                                                                                                      7, 309 Kent Street, Sydney NSW 2000
                                                                                         Tel: +61 2 9432 7000 www.wgea.gov.au                                                                                           Tel: +61 2 9432 7000 www.wgea.gov.au                                                                                                    Tel: +61 2 9432 7000 www.wgea.gov.au                                                                                                                                                                        Tel: +61 2 9432 7000 www.wgea.gov.au                                                                                                                     Tel: +61 2 9432 7000 www.wgea.gov.au

                                                                                     BCEC | WGEA Gender Equity Series                                                                                BCEC | WGEA  | WGEAEquity
                                                                                                                                                                                                             BCECGender  GenderSeries
                                                                                                                                                                                                                                Equity Series                                                                                               BCEC | WGEA  | WGEAEquity
                                                                                                                                                                                                                                                                                                                                                    BCECGender  GenderSeries
                                                                                                                                                                                                                                                                                                                                                                       Equity Series                                                                                                                                                                        BCEC | WGEA
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Gender  GenderSeries
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Equity Series                                                                                                               BCEC | WGEA Gender Equity Series

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                                                                                                                                                     095917 BCEC WGEA Gender Pay Equity Insights 2017 Report COVER 4mm spine.indd 1                                                           106268_BCEC WGEA Gender Equity Insights 2018 Report COVER 4mm spine GREY.indd 1                               27/02/2017 3:34 PM                                                                           114977_BCEC WGEA Gender Equity Insights Report 2019 Cover PUR.indd 1                                             27/02/2018 1:09 PM                                                                                                                                     26/02/2019 2:54 PM
                      084525 BCEC WGEA Gender Pay Equity Insights 2016 Report COVER.indd 1                                                                                                                                                                          26/02/16 2:57 PM

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BANKWEST CURTIN ECONOMICS CENTRE 2020
We believe in research that makes          Investing in Our Future research
                                                            a difference. Research that fulfils a      program delivered new insights into
                                                            purpose and responds to the needs of       the extent of inequality of early
                                                            the Western Australian and broader         learning opportunities across WA and
                                                            Australian community.                      Australia’s regions.

                                                            In 2020, BCEC responded to a rapidly       Through our Green Shoots:
                                                            changing environment, adapting             Opportunities to grow a sustainable
                                                            our research outputs to provide            WA Economy report we identified
                                                            an accessible, independent and             significant opportunities for WA to

RESEARCH
                                                            contemporary evidence-base to inform       transition to a more sustainable and
                                                            the economic and social impact of          resilient economic future and at the
                                                            COVID-19.                                  same time create thousands of jobs
                                                                                                       for the state and save WA households
                                                            We produced some of the first              hundreds of dollars each year.

THAT
                                                            estimates of job losses across
                                                            Australian states and industries, giving   The impact of COVID-19 on businesses
                                                            policy makers a benchmark to guide         was a core focus of the Centre’s 2020
                                                            their expectations and responses. We       research program and we responded

MATTERS
                                                            extended this research by estimating       by capturing new data through the
                                                            the adequacy of JobKeeper and              2020 BCEC Small Business Survey.
                                                            JobSeeker, identifying winners and         Co-funded by the WA Department of
                                                            losers and providing alternative           Jobs, Tourism, Science and Innovation,
                                                            solutions to two of the most significant   this survey has given us greater
                                                            policy changes we are likely to see in     understanding of the impact of
                                                            our lifetime.                              COVID-19 on small businesses across
                                                                                                       WA’s regions including whether they
                                                            We also brought new insights on the        have the supports needed to succeed
                                                            need to stay connected, working from       and how they see the future outlook.
                                                            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:

8   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
BANKWEST CURTIN ECONOMICS CENTRE 2020
Diversifying into more sustainable
industries would deliver 55,000 jobs

                                                                                                                                                                          THE EARLY YEARS Investing in Our Future Focus on Western Australia Report Series, No. 13 August 2020
and $16bn to the WA economy.
Alan Duncan, BCEC Director

                                                                                                                               Contact                                                                                                                                           BANKWEST CURTIN ECONOMICS CENTRE

                                                                                                                                                                                                                                                                                 THE EARLY
                                                                                                                               Bankwest Curtin Economics Centre
                                                                                                                               Tel: +61 8 9266 2873
                                       BANKWEST CURTIN ECONOMICS CENTRE                                                        Email: bcec@curtin.edu.au

                                       GREEN SHOOTSbcec.edu.au                                                                                                                                                                                                                   YEARS
                                       Opportunities to grow a sustainable WA economy                                                                                                                                                                                            Investing in Our Future

                                       Focus on Industry Series, No. 5
                                                                                                                               © Curtin University 2020
                                                                                                                               CRICOS Provider Code 00301J                                                                                                                       Focus on Western Australia Report Series, No.13
                                                                                                                                                                                                                                                                                 August 2020
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                                       November 2020

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

                                                                                    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

                                                                                                                                                             BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020                                                                                                                   9
BANKWEST CURTIN ECONOMICS CENTRE 2020
Events represent one of the largest        BCEC | FOWI Future of Work
                                                             engagement activities for the Bankwest     Workshop, January 2020
                                                             Curtin Economics Centre. Launching our     13-14 February 2020,
                                                             research outputs at large-scale events     37 St Georges Terrace
                                                             with key stakeholders ensures that we      Special Guest: Associate Professor
                                                             are always working in alignment with       Thomas O’Neill, Department of
                                                             our mission to deliver high quality,       Psychology, Calgary University
                                                             accessible research.
                                                                                                        Climate Change and the Future of
                                                             These forums bring together experts        Work in Australia Policy Symposium,

OUR
                                                             and policy-makers to convene               January 2020
                                                             important conversations on issues that     Special Guests: Professor John Hewson,
                                                             affect the wellbeing of West Australians   ANU Crawford School & BCEC Fellow;
                                                             and Australians.                           Professor Sharon Parker, Director, Centre
                                                                                                        for Transformative Work Design, Future

SIGNATURE
                                                             In 2020, the Centre had to swiftly adapt   of Work Institute; Louise Giolitto, CEO,
                                                             how we delivered events due to the         WACOSS and Astghik Mavisakalyan,
                                                             global pandemic, shifting many of our      BCEC Principal Research Fellow.
                                                             planned events from in-person to online

EVENTS
                                                             and back again.                            BCEC | WGEA Gender Equity Insights
                                                                                                        2020: Delivering the Business Outcomes
                                                             The continued delivery of high-quality     19 June 2020, online
                                                             events, both online and in-person, is      Special Guests: Libby Lyons, Director,
                                                             a testament to the dedication of the       Workplace Gender Equity Agency;
                                                             Bankwest Curtin Economics Centre           Annabelle Crabb, Author, Presenter
                                                             team to share our core research and        and ABC Chief Political Writer; Sinead
                                                             create meaningful impact for Western       Taylor, Executive General Manger
                                                             Australians.                               Bankwest; Sue Morphet, President
                                                                                                        Chief Executive Women.
                                                             During 2020 we held five major
                                                             events, bringing together more than        The Early Years: Investing in Our Future
                                                             1,100 people and connecting key            28 August 2020, online
                                                             stakeholders from the business,            Special Guests: Colin Pettit, Western
                                                             government, not-for-profit and             Australian Commissioner for Children
                                                             academic communities.                      and Young People; Kim Isaacs,
                                                                                                        Kimberly Aboriginal Medical Service;
                                                                                                        Jay Weatherill, CEO, Thrive by Five and
                                                                                                        Rochelle Matacz, ECU Pregnancy to
                                                                                                        Parenthood Clinic.
10   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
Green Shoots: Opportunities to Grow a
Sustainable WA Economy
12 November 2020, Perth Convention
and Exhibition Centre
Special 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 Lunch
27 November 2020, Perth Convention
and Exhibition Centre
Special Guest: Hon Ben Wyatt MLA,
Treasurer; Minister for Finance;
Aboriginal Affairs; Lands, Sinead Taylor,
Executive General Manager Bankwest,
Rachael Ferguson, CEO SynxBody.

        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.
                                                        BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020   11
BCEC’s engagement with key                  Our partnership with Scitech led to a
                                                             stakeholders at all stages of the           comprehensive evaluation of Scitech’s
                                                             research process has become one of the      economic impact on the Western
                                                             unique and defining characteristics of      Australian economy, and the broader
                                                             the Centre. This coordinated strategy       community.
                                                             ensures that BCEC’s research remains
                                                             relevant, fit for purpose, and provides     In recognition of the special challenges
                                                             a benefit to the broad spectrum of          facing Aboriginal and Torres Strait
                                                             stakeholders.                               Islander members of superannuation
                                                                                                         funds, we partnered with UniSuper to
                                                             In 2020, we also embarked on a number       explore how superannuation outcomes
                                                             of formal collaborations aimed at           could be improved for Indigenous

COLLABORATIVE
                                                             answering specific research questions or    Australians.
                                                             addressing gaps in economic discourse.
                                                                                                         We were commissioned by the Federal
                                                             We partnered with Business News to          Treasury to provide empirical research
                                                             pursue a common goal of improving           that would determine whether or not the

PARTNERSHIPS
                                                             economic discourse in Western               Age Pension asset test has a tangible
                                                             Australia. To deliver on this goal we       impact on pre-retirement savings
                                                             held our first joint State of the Economy   behaviour.
                                                             lunch with special guest WA Treasurer,
                                                             The Hon. Ben Wyatt MLA and supported        And our long-standing partnership
                                                             by a new release of the BCEC Quarterly      with the Workplace Gender Equality
                                                             Economic Commentary.                        Agency delivered some of the most
                                                                                                         impactful research in the history of
                                                             As part of the strategic partnership with   the Centre, with globally significant
                                                             Business News, BCEC researchers also        findings on the link between diversity in
                                                             contribute regular insights and expert      company leadership and better business
                                                             knowledge to Business News’ fortnightly     outcomes.
                                                             edition, reaching 178,000 readers either
                                                             in print or online.

12   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
THE ROLE OF

                                                                                                                                                                                                                          GENDER EQUITY INSIGHTS 2020 DELIVERING THE BUSINESS OUTCOMES
THE ROLE OF SCITECH IN THE WA ECONOMY

                                        SCITECH IN THE
                                        WA ECONOMY
                                        An Economic
                                        Impact

                                                                                                                                                                                                                           BCEC | WGEA Gender Equity Series
                                        Assessment                        Bankwest Curtin Economics Centre and UniSuper

                                                                          ABORIGINAL AND TORRES STRAIT                                                                                                                                                                                    GENDER EQUITY
                                                                          ISLANDER AUSTRALIANS AND                                                                                                                                                                                        INSIGHTS 2020
                                        July 2020                         THE SUPERANNUATION SYSTEM                                                   Bankwest Curtin Economics Centre (BCEC)

                                                                                                                                                                                                                                                                                           DELIVERING THE
                                                                                                                                                         Level 4, Building 408, Curtin University
                                                                                                                                                            GPO Box U1987, Perth WA 6845
                                                                                                                                                           Tel: +61 8 9266 2873 bcec.edu.au
                                                                          Professor Mike Dockerya with support from Dr Julie Owenb, Dr Anna Dwyerc, Dr Nigar Sultanad,

                                                                                                                                                                                                                                                                                         BUSINESS OUTCOMES
                                                                          Professor Alan Duncana and Associate Professor Rebecca  Cassells
                                                                                                                              Workplace     a
                                                                                                                                        Gender Equality Agency (WGEA)
                                                                          a. Bankwest Curtin Economics Centre, Curtin University.                         7, 309 Kent Street, Sydney NSW 2000
                                                                          b. Centre for Aboriginal Studies, Curtin University.                          Tel: +61 2 9432 7000 www.wgea.gov.au
                                                                          c. Nulungu Research Centre, University of Notre Dame, Broome.
                                                                          d. School of Accounting, Faculty of Business and Law, Curtin University.

                                                                                                                                                     BCEC | WGEA Gender Equity Series                                                                                                        BCEC | WGEA Gender Equity Series
                                                                          BCEC Research Report
An Economic Impact Assessment

                                                                          May 2020
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                                                                                                                      It’s great to see BCEC continuing the
                                                                                                                      important work of reporting Workplace
                                                                                                                      Gender Equity Agency data to hold the
 July 2020

                                                                                                                      business sector accountable to gender
                                                                                                                      equity; especially when considering
                                                                                                                      COVID-19 recovery strategies.

                                                         4/8/20 1:47 pm
                                                                                                                                                                                                    BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020                                                                       13
BCEC researchers have been working         retirement. The report formed an
                                                             hard at the intersection of academia       important evidence base for the
                                                             and policy, providing the evidence-base    Retirement Income Review and was part
                                                             needed for future directions for Western   of a submission to the inquiry.
                                                             Australia and Australia.
                                                                                                        The 2020-21 Federal Budget brought
                                                             We started 2020 by seeing our              forward the second stage of the
                                                             comprehensive WA Women’s Report            Coalition government’s Personal Income
                                                             Card underpin actions to address           Tax plan, as well as changes to the Low-
                                                             barriers to women’s progress and           Middle Income Tax Offset. We provided
                                                             promote the benefits of greater gender     detailed analysis of how these reforms
                                                             equity through the release of the State    would affect Australian households

POLICY
                                                             Government’s first 10-year Women’s         using the Centre’s tax policy evaluation
                                                             Plan, Stronger Together: WA’s Plan for     model – EVITA. Two policy briefs from
                                                             Gender Equality.                           this work have been published and
                                                                                                        the findings cited extensively across
                                                             We completed a major project for the       national media outlets.

INSIGHTS
                                                             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
14   BANKWEST 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.

                                            BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020   15
At the heart of the Centre’s growing           to the World Society of Labor Economics
                                                             national and international reputation          conference in Berlin; the International
                                                             is the unique blend of academic rigour,        Association of Feminist Economists and
                                                             topicality and policy relevance it brings      to the Armenian Economic Association
                                                             to cutting-edge research and analysis.         Women in Economics Workshop.
                                                             This commitment to intellectual rigour is
                                                             one of the qualities that differentiates the   BCEC researchers also presented at
                                                             Bankwest Curtin Economics Centre from          many academic seminars and workshops
                                                             many other economic policy institutes          around Australia throughout 2020,
                                                             within or outside the university sector.       as well as giving invited seminars at
                                                                                                            the Leibniz Institute, Regensburg; the
                                                             The Centre’s researchers publish in some       Toulouse School of Economics; and

ACADEMIC
                                                             of the best economic and policy journals       the National Centre for Spatial Studies
                                                             in the world, with new publications            (CNES) at the University of Toulouse.
                                                             during 2020 in prestigious outlets such
                                                             as the European Economic Review,               We continue to support the development
                                                             the International Migration Review,            of academic research by bringing

RIGOUR
                                                             World Development and the Review of            together researchers from around
                                                             Economics of the Household.                    the world through seminar series and
                                                                                                            workshops. Our BCEC seminar series is
                                                             In one of the highlights for the year          held monthly and is designed to help
                                                             for excellence with impact, the Centre         progress people’s work at early stages
                                                             released a special issue of the Australian     by providing feedback and peer insights.
                                                             Journal of Labour Economics (AJLE)             In partnership with the Future of Work
                                                             devoted to the effects of COVID-19 on the      Institute, we host an annual Future
                                                             Australian labour market. The AJLE special     of Work Workshop, bringing together
                                                             issue attracted contributions from some        economists, organisational psychologists
                                                             of the best academic labour economists in      and demographers to discuss key
                                                             Australia, including a paper from BCEC’s       questions surrounding the future of work.
                                                             Rebecca Cassells and Alan Duncan that
                                                             looked at the efficacy of JobKeeper as         And our commitment to excellence
                                                             Australia’s first short-time wage subsidy.     extends to developing the next generation
                                                                                                            of academic researchers, through our PhD
                                                             Centre researchers were invited to             scholarship program. The centre hosted
                                                             present their research at international        four PhD Scholars in 2020, with BCEC
                                                             fora including the Harvard Kennedy             PhD Scholar Toan Nguyen completing his
                                                             School, the International Monetary Fund        Doctorate on the topic of Essays on the
                                                             and the World Bank in the United States,       Economics of Immigration into Australia.
16   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
AUSTRALIAN JOURNAL OF LABOUR ECONOMICS

                                          Volume 23 • Numb er 2 • 2020 • ISSN 1328 - 1143

                                          From the Managing Editor
                                                Phil Lewis

                                          JobKeeper: The efficacy of Australia’s first short-time wage subsidy
                                               Rebecca 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 literature
                                                 Jeff Borland
Volume 23 • Number 1 • 2020

                                          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 World
                                                Tristram Sainsbury and Robert Breunig

                                          The Proposed Job-ready Graduate Package: a misguided arrow
                                          missing its target
                                                Anne Daly and Phil Lewis

                                                                                                                  BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020   17
LEADERSHIP

                                                             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    Professor Alan Duncan
                                                                                                      Director
                                                             communicate accessible research that
                                                             is academically excellent, relevant to
                                                             contemporary debates and influential

OUR
                                                             in promoting better informed policy
                                                             development.

                                                             We are proud of our team’s
                                                             commitment and expertise, which

PEOPLE
                                                             includes economic forecasting,
                                                             quantitative modelling and economic
                                                             and social policy evaluation.

                                                                                                      Associate Professor
                                                                                                      Rebecca Cassells
                                                                                                      Deputy Director

                                                                                                      Sian Flynne
                                                                                                      Business Manager

18   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
Associate Professor         Caroline Stewart         Chris Twomey             Christopher Phelps                   Dr Daniel Kiely
Astghik Mavisakalyan        Administrative Officer   Senior Industry Fellow   BCEC PhD Scholar                     Senior Research Fellow
Principal Research Fellow

Jaslin Kalsi                Joanna Holcombe          Maria Sandoval-Guzman    Professor                            Michael Kirkness
BCEC PhD Scholar            Communications and       BCEC-WiSER PhD Scholar   Michael Dockery                      Research Assistant
                            Engagement Coordinator                            Principal Research Fellow

Dr Richard Seymour          Sandie Rawnsley          Dr Silvia Salazar        Dr Steven Bond-Smith                 Toan Nguyen
Research Fellow             Editorial Assistant      Research Fellow          Research Fellow                      BCEC PhD Scholar

                                                                                                 BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020   19
Marquee Reports                            BCEC Policy Briefs
                                                             Gender Equity Insights 2020: Delivering    Analysis of costs and savings of
                                                             the Business Outcomes                      Proposed Reforms to Higher Education
                                                             BCEC I WGEA Gender Equity Insights         Authors: Steven Bond-Smith,
                                                             report #5                                  Rebecca Cassells
                                                             Authors: Rebecca Cassells, Alan Duncan     Published: July 2020
                                                             Launched: 19 June 2020
                                                                                                        BCEC Policy Brief 2020: Low-Middle
                                                             The Early Years: Investing in Our Future   Income Tax Offset
                                                             Focus on Western Australia report #13      Authors: Rebecca Cassells, Alan Duncan

LIST OF
                                                             Authors: Rebecca Cassells, Michael         Published: 29 October 2020
                                                             Dockery, Alan Duncan, Daniel Kiely,
                                                             Michael Kirkness, Toan Nguyen,             BCEC Policy Brief 2020: Distributional
                                                             Richard Seymour, Chris Twomey              impacts of bringing forward the second
                                                             Launched: 28 August 2020                   stage of the Personal Income Tax plan

PUBLICATIONS
                                                                                                        Authors: Rebecca Cassells,
                                                             Green Shoots: Opportunities to grow a      Alan Duncan, Richard Seymour
                                                             sustainable WA economy                     Published: October 2020
                                                             Focus on Industry report #5

2020
                                                             Authors: Steven Bond-Smith,                Public Submissions
                                                             Rebecca Cassells, Alan Duncan,
                                                                                                        Retirement Incomes and Aboriginal and
                                                             Astghik Mavisakalyan, Silvia Salazar,
                                                                                                        Torres Strait Islander Australians
                                                             Maria Sandoval-Guzman,
                                                                                                        Submitted to: Treasury Retirement
                                                             Richard Seymour, Chris Twomey
                                                                                                        Incomes Review
                                                             Launched: 12 November 2020
                                                                                                        Author: Michael Dockery
                                                                                                        Published: May 2020
                                                             Other BCEC Research Reports
                                                                                                        Higher Education Support Amendment
                                                             Aboriginal and Torres Strait Islander
                                                                                                        (Job-Ready Graduates and Supporting
                                                             Australians and the Superannuation
                                                                                                        Regional and Remote Students) Bill
                                                             System
                                                                                                        2020
                                                             Authors: Michael Dockery, Julie Owen,
                                                                                                        Submitted to: Education and
                                                             Anna Dwyer, Nigar Sultana,
                                                                                                        Employment Legislation Committee
                                                             Alan Duncan, Rebecca Cassells
                                                                                                        Authors: Alan Duncan, Rebecca
                                                             Launched: 9 June 2020
                                                                                                        Cassells, Steven Bond-Smith
                                                             The Role of Scitech in the WA Economy      Published: September 2020
                                                             Authors: Jo Bloomfield, Alan Duncan,
                                                             Daniel Kiely, Richard Seymour
                                                             Launched: July 2020
20   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
BCEC Briefing Note                       Work and Mental Health – Implications      A methodology for projecting sparse          BCEC Working Papers
Agriculture in WA – Update Note          of COVID-19                                populations and its application to           Paradise Postponed: Future Tense and
Authors: Steven Bond-Smith,              Authors: Rebecca Cassells, Michael         remote Indigenous communities                Religiosity
Daniel Kiely and Silvia Salazar          Dockery, Alan Duncan, Daniel Kiely,        Journal of Geographical Systems              Authors: Astghik Mavisakalyan,
Published: December 2020                 Astghik Mavisakalyan                       Authors: Michael Dockery, Nicholas           Yashar Tarverdi, Clas Weber
                                         Published: May 2020                        Holyoak, Ranjodh B. Singh                    Published: March 2020
BCEC COVID-19 Research Briefs                                                       Published: July 2020
                                         Impact and Response of Businesses in                                                    Household density and children’s
Physical Isolation: Staying Connected    Australia to COVID-19                      Measuring governance: Why do errors          wellbeing in Australia: Are children’s
During COVID-19                          Authors: Rebecca Cassells,                 matter?                                      homes too empty?
Authors: Rebecca Cassells,               Alan Duncan, Daniel Kiely,                 World Development                            Author: Michael Dockery
Alan Duncan, Daniel Kiely,               Astghik Mavisakalyan                       Authors: Yashar Tarverdi,                    Published: September 2020
Astghik Mavisakalyan                     Published: July 2020                       Leandro M. Magnusson
Published: March 2020                                                               Published: August 2020                       Female autonomy in household
                                         BCEC Journal Articles                                                                   decision-making and intimate partner
Potential Job Losses in the COVID-19     Macroeconomic Fluctuations in Home         Autonomous vehicles and cycling:             violence: evidence from
Pandemic                                 Countries and Immigrants’ Well-Being       Policy implications and management           Authors: Astghik Mavisakalyan,
Authors: Rebecca Cassells,               International Migration Review             issues                                       Anu Rammohan
Michael Dockery, Alan Duncan,            Authors: Ha Nguyen, Alan Duncan            Transportation Research                      Published: October 2020
Daniel Kiely, Astghik Mavisakalyan       Published: March 2020                      Interdisciplinary Perspectives
Published: March 2020                                                               Authors: Simone Pettigrew,                   Changing demand for STEM skills in
                                         Migration flows in commodity cycles:       John D. Nelson, Richard Norman               Australia and gender implications
Job Keepers and Job Seekers: How         Assessing the role of migration policies   Published: August 2020                       Author: Michael Dockery
many workers will lose and how many      European Economic Review                                                                Published: November 2020
will gain?                               Authors: Alan Duncan, Mark Harris,         JobKeeper: The efficacy of Australia’s
Authors: Rebecca Cassells, Alan Duncan   Astghik Mavisakalyan, Toan Nguyen          first short-time wage subsidy
Published: March 2020                    Published: May 2020                        Australian Journal of Labour Economics
                                                                                    Authors: Rebecca Cassells, Alan Duncan
Short-term and long-term casual          Chapter 2: Responses to Climate            Published: September 2020
workers: how different are they?         Change Worldwide: Individual
Authors: Rebecca Cassells, Alan Duncan   Preferences and Policy Actions around      Female autonomy in household
Published: April 2020                    the World                                  decision-making and intimate partner
                                         Environmental Policy: An Economic          violence: evidence from Review of
Working from Home in the COVID-19        Perspective                                Economics of the Household
Lockdown                                 Authors: Andrew John Brennan,              Authors: Astghik Mavisakalyan,
Authors: Sherry Bawa, Michael Dockery    Astghik Mavisakalyan, Yashar Tarverdi      Anu Rammohan
Published: May 2020                      Published: July 2020                       Published: October 2020

                                                                                                               BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020      21
BCEC Monthly Labour Market Update     BCEC Monthly Labour Market Update –
                                                             BCEC Monthly Labour Market Update –   June 2020
                                                             December 2019                         Authors: Rebecca Cassells,
                                                             Authors: Rebecca Cassells,            Michael Dockery, Alan Duncan
                                                             Michael Dockery, Alan Duncan          Published: 17 July 2020
                                                             Published: 24 January 2020
                                                                                                   BCEC Monthly Labour Market Update –
                                                             BCEC Monthly Labour Market Update –   July 2020
                                                             January 2020                          Authors: Rebecca Cassells,
                                                             Authors: Rebecca Cassells,            Michael Dockery, Alan Duncan
                                                             Michael Dockery, Alan Duncan          Published: 14 August 2020
                                                             Published: 21 February 2020
                                                                                                   BCEC Monthly Labour Market Update –
                                                             BCEC Monthly Labour Market Update –   August 2020
                                                             February 2020                         Authors: Rebecca Cassells,
                                                             Authors: Rebecca Cassells,            Michael Dockery, Alan Duncan
                                                             Michael Dockery, Alan Duncan          Published: 18 September 2020
                                                             Published: 28 March 2020
                                                                                                   BCEC Monthly Labour Market Update –
                                                             BCEC Monthly Labour Market Update –   September 2020
                                                             March 2020                            Authors: Rebecca Cassells,
                                                             Authors: Rebecca Cassells,            Michael Dockery, Alan Duncan
                                                             Michael Dockery, Alan Duncan          Published: 20 October 2020
                                                             Published: 16 April 2020
                                                                                                   BCEC Monthly Labour Market Update –
                                                             BCEC Monthly Labour Market Update –   October 2020
                                                             April 2020                            Authors: Rebecca Cassells,
                                                             Authors: Rebecca Cassells,            Michael Dockery, Alan Duncan
                                                             Michael Dockery, Alan Duncan          Published: 23 November 2020
                                                             Published: 18 May 2020

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

22   BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020
BCEC Quarterly Economic
Commentary
BCEC Quarterly Economic Commentary
– July 2020
Authors: Rebecca Cassells, Daniel Kiely,
Silvia Salazar
Published: 17 July 2020

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

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

                                           BANKWEST CURTIN ECONOMICS CENTRE | ANNUAL REPORT 2020   23
Contact
Bankwest Curtin Economics Centre
Tel: +61 8 9266 2873
Email: bcec@curtin.edu.au

bcec.edu.au

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