Labour Market Dynamics in Australia
type="main" xml:lang="en"> <title type="main">Abstract</title> <p>This article estimates a stylised search-and-matching model on data for Australia, covering the period 1978–2008. Using Bayesian methods, I find that the model does a fairly good job in replicating the data. Surprisingly, I find a large value for the worker's bargaining power and low vacancy-posting costs. The model generates a strong Beveridge curve and matches the standard deviations of all variables but vacancies. I identify technology and separation shocks to be the main drivers of fluctuations. </section>
Year of publication: |
2014
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Authors: | Wesselbaum, Dennis |
Published in: |
Australian Economic Review. - Melbourne Institute of Applied Economic and Social Research (MIAESR). - Vol. 47.2014, 2, p. 173-188
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Publisher: |
Melbourne Institute of Applied Economic and Social Research (MIAESR) |
Saved in:
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