Lisa Farrell
RMIT University, School of Economics, Finance & Marketing, Faculty Member
Research Interests:
Using seven waves of the English Longitudinal Survey of Ageing (ELSA), this chapter examines the impact of labour market attachments on subjective wellbeing (SWB) and quality of life (QoL), during employment and retirement. The authors... more
Using seven waves of the English Longitudinal Survey of Ageing (ELSA), this chapter examines the impact of labour market attachments on subjective wellbeing (SWB) and quality of life (QoL), during employment and retirement. The authors show that that permanent employees (as opposed to temporary employees) and self-employed (as opposed to paid employees) report higher levels of SWB and QoL throughout their working lives. They argue that this is because permanent employees and the self-employed become more attached to their jobs due to a perceived stronger job-identity fit. However, in retirement, withdrawal from the labour market represents a loss of this identity. Thus, a significant drop in SWB and QoL is observed for permanent employees and self-employed during retirement.
Research Interests:
ABSTRACT Much policy attention has been placed on enhancing individuals' financial literacy, chiefly through financial education programs. However, managing one's personal finances takes more than knowledge: an individual... more
ABSTRACT Much policy attention has been placed on enhancing individuals' financial literacy, chiefly through financial education programs. However, managing one's personal finances takes more than knowledge: an individual also needs to have confidence in their own financial management capacity. This paper examines the impact of self-confidence on personal finance behaviour, through the application of a psychometric instrument measuring individuals' financial self-efficacy. Using a 2013 survey of Australian women, our analysis reveals that women with higher financial self-efficacy are more likely to hold investment and savings products, and less likely to hold debt-related products. The explanatory power of financial self-efficacy is independently identified from that of financial literacy.
Research Interests:
Research Interests:
Research Interests:
Research Interests:
Research Interests:
Research Interests:
Research Interests:
Research Interests:
SIGLEAvailable from British Library Document Supply Centre-DSC:9350.8455(97/04) / BLDSC - British Library Document Supply CentreGBUnited Kingdo
Research Interests:
Research Interests:
Research Interests:
Research Interests:
In this chapter, the authors use data from the Household, Income and Labour Dynamics in Australia (HILDA) survey to examine the association between gambling and subjective wellbeing of older people. They focus on various measures of... more
In this chapter, the authors use data from the Household, Income and Labour Dynamics in Australia (HILDA) survey to examine the association between gambling and subjective wellbeing of older people. They focus on various measures of gambling behaviour including the Problem Gambling Severity Index (PGSI) and gambling risk spectrums based on PGSI scores. The results suggest a negative effect of gambling on subjective wellbeing.
Research Interests:
Research Interests:
Research Interests: Entrepreneurship, Economics, Social Science Research Network, Performance Related Pay, Demographic economics, and 11 moreEarnings, Cross Section, Random-Effects Models, Self Employment, Small business economics, Empirical Analysis, Ordered Probit Model, Ordered probit, Dual (grammatical number), Random effects, and Matching statistics
Research Interests:
In this chapter, the authors use the Journeys Home longitudinal data set to examine the relationship between housing insecurity and wellbeing. Using information on accommodation type, start date and duration of accommodation spells, the... more
In this chapter, the authors use the Journeys Home longitudinal data set to examine the relationship between housing insecurity and wellbeing. Using information on accommodation type, start date and duration of accommodation spells, the authors construct a sequence spanning some 2.5 years for 369 individuals, where similar sequences are grouped for analysis of individuals’ characteristics. The authors present a unique perspective with findings that are of significance for the many countries struggling with homelessness and ageing populations.
Research Interests:
Research Interests:
Research Interests:
The extensive literature on smoking behaviour has focused on numerous aspects such as the factors that influence the decision to start smoking and, for those who smoke, what factors influence their level of consumption and the decision to... more
The extensive literature on smoking behaviour has focused on numerous aspects such as the factors that influence the decision to start smoking and, for those who smoke, what factors influence their level of consumption and the decision to quit. This study considers the impact of cigarette pack sizes on the typical daily consumption by smokers. Presented at the Australasian Meeting of the Econometric Society 2003, hosted by the Centre for Applied Economic Research, University of New South Wales.
Research Interests:
Realized price for paintings auctioned can systematically differ from prior estimates. We need to understand why experts get it wrong. This paper uses an econometric approach to investigate how pre-sales price estimates are formed and the... more
Realized price for paintings auctioned can systematically differ from prior estimates. We need to understand why experts get it wrong. This paper uses an econometric approach to investigate how pre-sales price estimates are formed and the impact that they have in determining auction prices for Australian paintings.
Abstract Energy poverty is a growing concern across many countries due to rising energy costs. Energy affordability is essential for households to be able to pay their bills and adequately heat their homes. Here we consider the... more
Abstract Energy poverty is a growing concern across many countries due to rising energy costs. Energy affordability is essential for households to be able to pay their bills and adequately heat their homes. Here we consider the relationship between energy poverty and gambling. Problem gambling is an increasing societal issue in many countries. Gambling is addictive for many players and at its extreme excessive gambling consumption can lead to multiple economic and social harms. One domain of huge importance is the financial hardship that gambling can create. We utilise the Household, Income and Laboure Dynamics in Australia (HILDA) data to investigate if problem gambling is a driver of energy poverty. We employ a range of energy poverty measures and gambling behaviour proxies. Our findings show subjective measures of energy poverty are positively associated with gambling expenditure. This finding captures the negative impacts of excessive gambling on an individual's ability to pay their energy bills and heat their homes.
Research Interests:
Research Interests:
Webpages form a crucial interface between an organisation and the public and is often the first point-ofcontact. For higher educational institutions such as universities, it forms an important portal to attract students and employees.... more
Webpages form a crucial interface between an organisation and the public and is often the first point-ofcontact. For higher educational institutions such as universities, it forms an important portal to attract students and employees. From their overarching mission statements, to policy presentations, webpages can provide information regarding the basic milieu of a university. Therefore, it can be assumed that the language used in creating websites would reflect institutional attitudes on issues such as gender equity, diversity and inclusion. In this paper, we carry out a gender and diversity focused explanatory analysis on webpage content of 43 universities in Australia. The objective of this study is to identify the degree of gender/diversity friendly language used by universities, in presenting gender and diversity focused policy and procedures via webpages. The three-click rule was applied in deriving the relevant web content. Based on a general word analysis of the content, and...
Research Interests:
Research Interests:
In this chapter, the authors use data from the Financial Inclusion Insights (FII) program to examine the association between mobile money and female decision-making power in India. Drawing on different proxies for female decision-making... more
In this chapter, the authors use data from the Financial Inclusion Insights (FII) program to examine the association between mobile money and female decision-making power in India. Drawing on different proxies for female decision-making power, the authors show that awareness of, and the use of, mobile money is not sufficient to change behaviours and cultural norms. The authors argue that programs designed to encourage women to take up mobile money products will not be successful unless women actively utilise these bank accounts. The chapter provides some policy insights on how to promote empowerment using financial technologies in cash-based economies such as India.
Research Interests:
There are many sticky floors that impact on opportunity equality and so drives the difference in promotion rates (Booth et al, 2003). Sticky floors can be described as the phenomenon that all things being equal (ceteris paribus) women... more
There are many sticky floors that impact on opportunity equality and so drives the difference in promotion rates (Booth et al, 2003). Sticky floors can be described as the phenomenon that all things being equal (ceteris paribus) women are, compared to men, less likely to climb the job ladder. Gender differentials exist in Higher Education, in that females are not promoted at the same rate as males resulting in under-representation of females among the professoriate (sticky floors). While glass ceilings in academia have been well documented sticky floors have received less attention. This study will consider the drivers of the pay gap in academia. Particular focus will be given to understanding the mechanisms that led to sticky floors. The literature has focused on aspects of personality such as self-confidence in putting oneself forward for promotion and mentoring programs have been established to address this issue. In this project, we investigate the extent to which Institutional ...
The widespread popularity of lotteries in general and the introduction of the U.K. National Lottery in November 1994 has generated concern over the potential addictiveness of gambling and numbers games in particular. Indeed, the Director... more
The widespread popularity of lotteries in general and the introduction of the U.K. National Lottery in November 1994 has generated concern over the potential addictiveness of gambling and numbers games in particular. Indeed, the Director General of the Of®ce of the National Lottery (who regulates the U.K. game that is operated by a private sector franchisee) is directed by the Secretary of State not to license games that encourage `excessive participation'. Despite this concern there has been no economics research into the extent to which lottery participation is subject to addiction. Most modern lottery games are variations of the pari-mutuel `lotto' design: players buy a ticket where they have chosen m numbers from n; when the draw takes place m numbered balls are selected randomly from n; prizes are shares of a proportion of the stakes and the remaining portion of the stakes (the take-out) is used to administer the game, pay the ticket outlets, and cover tax liabilities a...
Recent terrorist attacks such as the attacks on the World Trade Centre in September 2001 have generated new interest in the debate on capital punishment. It has been suggested that support for the death penalty could be higher in the wake... more
Recent terrorist attacks such as the attacks on the World Trade Centre in September 2001 have generated new interest in the debate on capital punishment. It has been suggested that support for the death penalty could be higher in the wake of terrorist activity. Using data from the Australian Election Study we investigate voters' attitudes towards capital punishment. Paradoxically, overall support for the death penalty at the 2001 Federal election was lower than at previous elections. In this paper we utilise both simultaneous binary probit and treatment effects models to model the determinants of those attitudes and to investigate the impact of terrorism on support for the death penalty at the 2001 Federal election. In particular, we address the question of whether voters who felt terrorism was an important issue had higher levels of support for the death penalty than voters who did not feel that terrorism was important
Research Interests:
We examine the ability of expected utility function ofthe Friedman-Savage type to account for gambling when consumers also have opportunities for intertemporal substitutions. When the time horizon is infinite, we demonstrate that even in... more
We examine the ability of expected utility function ofthe Friedman-Savage type to account for gambling when consumers also have opportunities for intertemporal substitutions. When the time horizon is infinite, we demonstrate that even in intra-period utility functions have the Friedman-savage shape, borrowing and lending without gambling is weakly preferable to gambling provided the rate of interest and time preference are equal. This is true even if any actuarially fair gamble is available; if all gambles are unfair, the preference is strict. When the rates of interest and time preference differ and borrowing, lending and gambling are permitted, a demand for gambles arise. However, it is never optimal to gamble in more than one period. This is apparently at odds with observed behaviour of gamblers and cast considerable doubts on the explanatory power of the Friedman-Savage approach.
Research Interests:
Research Interests:
This paper considers the long-run effects of BSE on meat consumption in the United Kingdom using data from the Expenditure and Food Survey. We estimate a dynamic AIDS demand system of household food consumption, with long-run effects... more
This paper considers the long-run effects of BSE on meat consumption in the United Kingdom using data from the Expenditure and Food Survey. We estimate a dynamic AIDS demand system of household food consumption, with long-run effects captured via an adstock index of adverse media coverage. The results suggest that there are long-run impacts on meat consumption that extend well beyond the period of the scare. In addition, press articles with pictures have a greater, and more long-lasting effect, on long-run consumption than articles with words alone.
Research Interests:
Research Interests:
Research Interests:
This paper looks inside the “black box” of the family and examines the determinants of inter vivos transfers in the form of allowances given to children. We consider in a simple model two main competing explanations for the transfer of... more
This paper looks inside the “black box” of the family and examines the determinants of inter vivos transfers in the form of allowances given to children. We consider in a simple model two main competing explanations for the transfer of money from parents to children in the form of regular allowances, namely altruism and exchange. We also extend the altruism framework to include unobserved child heterogeneity in monetary autonomy or the 'value of independence'. We use a unique dataset drawn from the British Family Expenditure Survey, which enables us to explicitly test both the inter-generational predictions of the various models, and through a study of siblings, we are also able to consider the intra-household aspects of such payments. Using both random (inter-household) and fixed-effect (intra-household) estimators, we find robust evidence of an n-shape relationship between a child's external income and the receipt of allowances from parents. Importantly, this estimated...