We explore a new approach to understanding the evolution of the unemployment rate in Australia. Specifically, we use gross worker flows data to study the consequences of assuming that there is no unique equilibrium rate of unemployment but rather a continuum of stochastic equilibrium rates which...

Cyclical asymmetry has been recognized as a non-linear phenomenon in recent studies examining unemployment rate time series. The probabilistic structure of such time series is different during economic upswings and downswings. So, with forecasting unemployment rates in mind, it seems intuitive...

This paper examines the impact of macroeconomic conditions on the education and employment outcomes of youths in school-to-work transition. The dataset is based on five cohorts from the Youth in Transition surveys (YIT) and the Longitudinal Surveys of Australian Youth (LSAY) and covers the...

This paper examines the association between disability and disadvantage among Australian youth. Past experiences (e.g., school achievement), and present circumstances (e.g., participation in education and employment) as well as aspirations and expectations (e.g., expected education and career)...

Individual data from the Spanish Family Budget Survey (EPF 1990-1991) are used to estimate disaggregated wage curves (industry sector, gender, age, schooling, and occupation). The results show a wage curve for all employees with an elasticity of -0.13. It is also concluded that less protected...

This study presents a time series analysis of the cyclical relationship between the labour force participation rate and the unemployment rate in Australia over the period 1979-1998. The Hodrick-Prescott filter is employed to extract the cyclical components of the series, which are used for the...

This paper examines the Beveridge Curve, the relationship between the unemployment and vacancy rates. Both variables are found to be non-stationary and not co-integrated which implies that the Beveridge Curve has been shifted over time by at least one non-stationary variable. We examine a number...

In this paper we examine unemployment rate dispersion across the (statistical) regions in the Melbourne metropolitan area. We find that the level of dispersion is positively correlated with the unemployment rate in all the regions taken together and that the ‘elasticity’ of dispersion with...

This paper presents an investigation of the dynamic effects of fiscal policy in an inter-temporal optimisation model with an oligopsonistic labour market. In an oligopsonistic labour market, fiscal policy expands employment through a shift of labour demand and supply curves. Fiscal policy has a...

To study the impacts of reductions in employer’s social security contributions, we construct an intertemporal general equilibrium model with different types of workers (and wages), search unemployment and endogenous job destruction rates. Our model reproduces the empirical evidence that the...