.g., school achievement), and present circumstances (e.g., participation in education and employment) as well as aspirations and …

with an oligopsonistic labour market. In an oligopsonistic labour market, fiscal policy expands employment through a shift … expansion stimulates not only employment but also aggregate output. However, an increase in government spending that does not …

workers - have a higher elasticity of wages to local unemployment. These results indicate a greater facility of firms in these … segments to set wages as a function of the unemployment rate and they are supportive of efficiency wage theoretical models. …

Most OECD economies have suffered from persistently high unemployment since the mid-1970s as a result of demand …

that unemployment is due to a lack of aggregate demand and that active labour market policies and demand management can …

the unemployment rate in Australia over the period 1979-1998. The Hodrick-Prescott filter is employed to extract the …

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 reflect the movement of the unemployment entry and exit rates over …