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In this paper we discuss the development of Phillips curves in Australia over the forty years since Phillips first estimated one using Australian data. We examine the central issues faced by researchers estimating Australian Phillips curves. These include the distinction between the short and...
Persistent link: https://www.econbiz.de/10005426716
Survey data suggest that unemployed teenagers look for work in ways that differ significantly from the ways which proved successful for teenagers who found work. This paper examines what factors affect the way teenagers look for work in order to explain why we observe this behaviour. We find...
Persistent link: https://www.econbiz.de/10005423600
One of the key factors that affects the extent to which changes in labour demand affect other macroeconomic variables, such as wage inflation, is the degree of matching between potential employees and available jobs. The pool of potential employees is usually measured as the pool of unemployed...
Persistent link: https://www.econbiz.de/10005423680
This paper examines some stylised facts of trends in employment and unemployment over the past 30 years. The most noteworthy development has been the rise in the aggregate unemployment rate over that period. The main factor accounting for this rise has been the increase in the unemployment rate...
Persistent link: https://www.econbiz.de/10005423529
In this paper, we investigate the behaviour of the Australian state labour markets, focusing on the role of geographic labour mobility. We find that interstate migration does play an important role in reducing differences in labour market conditions between states, although permanent (or very...
Persistent link: https://www.econbiz.de/10005423588
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The 2000s was a particularly eventful decade for both the international and Australian economies. There were: two recessions in many countries; the largest international financial crisis since the Great Depression; the ongoing rapid development of Asia; asset booms and busts; and, Australia...
Persistent link: https://www.econbiz.de/10009393020
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