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:
01_get_data.R: Retrive and tidy data from the ABS, OECD and RBA.
02_prepare_data.R: Combine data and generate variables for the model set.
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