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Retirees, Creatives and Housing Market Complexity: Challenges for Policy‐Makers
Author(s) -
de Silva Ashton,
Sinclair Sarah,
Angelopoulos Sveta
Publication year - 2016
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/1467-8462.12173
Subject(s) - dynamism , interdependence , government (linguistics) , process (computing) , business , social connectedness , economics , public economics , political science , computer science , psychology , linguistics , philosophy , physics , quantum mechanics , law , psychotherapist , operating system
Retirees and creatives, significant cohorts in the Australian economy, are used in this article to demonstrate the challenges faced by policy‐makers when addressing the housing environment. The housing market is characterised by many participants, often with competing needs and wants, all contributing to the complexity of housing policy. As a result, policy can be difficult to define with multi‐directional interdependencies. We identify five characteristics of complexity—uniqueness, layers of government, dynamism, actors and knowledge spheres—that if duly considered in the policy formation process could contribute to a more integrated approach that minimises negative and conflicting policy consequences.