| 2018 | Elected Fellow, International Economics Association |
| 2018 | Universitas 21 2018 Gilbert Medal for Contributions to International Higher Education |
| 2017 | Australian Financial Review Lifetime Achievement Award for Contributions to Higher Education |
| 2017 | Fiscal Studies Institute Miriam Hederman O’Brien prize for the Most Outstanding Contribution to the Irish fiscal policy debate (with Aedin Doris) |
| 2017 | Appointed as the inaugural Sir Roland Wilson Chair of Economics, Australian National University. |
| 2015 | Distinguished Fellow Award, Economics Society of Australia, July. |
| 2014 | ANU Award for the Most Policy Impact through the Media, Australian National University, Canberra, December. |
| 2014 | Vice-Chancellor’s Award for Public Policy Impact (with Timothy Higgins), Australian National University, Canberra, November. |
| 2014 | Academy of the Social Sciences of Australia Annual Cunningham Lecture, “The Government as Banker: Income contingent loans for social and economic progress”, Canberra, November. |
| 2012 | Named as “The Person with Most Influence in Higher Education in Australia”, The Australian newspaper, February 2012 (finished 5th in both subsequent years, 2013 and 2014, and in the top 50 since). |
| 2011–2017 | Executive Committee of the International Economics Association (elected) |
| 2009+ | “Who’s Who in the World” |
| 2007–2013 | President, Economics Society of Australia (elected, twice). |
| 2008–2015 | Sippanonda Distinguished Research Scholar, DPUniversity, Thailand (awarded). |
| 2008 | Invited participant, 2020 Summit (March), Parliament House, Canberra. |
| 2006 | Edward Shann Memorial Lecture, University of Western Australia. |
| 2004 | Australian National University Economics Hall of Fame (appointed) |
| 2003+ | “Who’s Who in Australia”. |
| 2003–2006 | President, Australian Society of Labour Economists (elected). |
| 2001 | Order of Australia (General Division) for contributions to the development of Australian economic, labour market and social policy |
| 1993 | Fellow of the Academy of the Social Sciences of Australia (elected) |
| 1978–1979 | Brookings Institution Research Fellowship |
| 1975–1978 | Yale University Graduate School Fellowships |
| 1975 | Fulbright Travel Award |
| 1972 | United Commercial Travellers’ Association of Australia Award, for finishing First in Economics III, ANU |
