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Grattan Institute's recreation and exploration of the McKell Institute's superannuation-wages model.
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README.md

Recreating McKell Institute’s super-wages model

This repo attempts to recreate the McKell Institute’s super-wages model presented in their 2019 research paper ‘Does higher superannuation reduce workers’ wages?’.

It uses the statistical package R and publicly-available data. Three R scripts are used in order:

  1. 01_get_data.R: Retrive and tidy data from the ABS, OECD and RBA.
  2. 02_prepare_data.R: Combine data and generate variables for the model set.
  3. 03_run_regressions.R: Fit four models on each of AWOTE, AENA (wages) and AENA (social).
source("R/01_get_data.R")
source("R/02_prepare_data.R")
source("R/03_run_regressions.R")

They compile relevant data and produce tables of regression results for four model specifications.

The results from these regressions are summarised in the charts below.

Model 1: Recreation of McKell models

Model 2: McKell model with pre-SG award

Model 3: McKell model with lagged SG one-quarter change

Model 4: The previous model with RBA specifications

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