I am now more than half way through my placement at the Centre for Independent Studies having just completed my third week in the office. I am loving the experience more and more each day as I am given new projects and work across areas of research.
The CIS hosted the annual conference Consilium this weekend in the Gold Coast and I had the opportunity to work on the primary research for a presentation given by Michael Potter, the research fellow that I have been attached to over my placement. The presentation focused on inequality, how we measure it, and how we approach the problem of inter-generational wealth stagnation.
Across the papers that I was reading, that had previously investigated the problem of income and wealth inequality, there was often an omission of redistributive wealth policy in calculating income and wealth. The issue of ignoring government transfers to individuals and families is that data is distorted and often results in an over-estimation of wealth amongst more wealthy members of society, and an under-estimation of wealth in those members that are less wealthy.
I found this research extremely interesting and engaging and it was great to pivot to another new area of research after having looked at superannuation and company tax already.
This week I also had the privilege of having an article that I wrote published by the CIS in their weekly publication Ideas@TheCentre which you can find here. The article briefly reviews the fall-out of the Brexit referendum and outlines the steps that the new administration, led by Theresa May, have been taking and need to continue to take to achieve success in their move away from the European Union.
The office was effectively empty on Thursday (as most people were at Consilium) and I was told to take Friday off – so I used the day to go and explore Bondi. I had breakfast at a lovely café in North Bondi and then explored the Northern cliffs. I walked all the way around to the Bondi Icebergs Club for a few photos and eventually made my way home. I finished the day off with some sunset photos at Mrs Macquarie’s Chair.
As always I would like to thank Ron Manners and the Mannkal Economic Foundation for making this experience possible – till next week!