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D<sc>ixon</sc> R., L<sc>im</sc> G. C. and F<sc>reebairn</sc> J. Regional Beveridge curves: a latent variable approach, <italic>Regional Studies</italic>. This paper applies an unobserved components model to a panel of Australian data to identify the direction and timing of the shifts in regional Beveridge curves. The approach identifies a...
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"This paper examines the manner in which labour services are modelled in the aggregate production function, concentrating on the specification of the relationship between the number of persons employed and average hours worked. We argue that, given the presence of quasi-fixed costs of...
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In this paper we explore a new approach to understanding the evolution of the unemployment rate in Australia. Specifically, we use gross worker flows data to explore the consequences of assuming that there is no unique equilibrium rate of unemployment but rather a continuum of stochastic...
Persistent link: https://www.econbiz.de/10005827360
It is important to understand how labour markets in different regions are affected by 'common’ or 'national' shocks including national macroeconomic, monetary and fiscal policies. This paper applies a new econometric approach - involving an unobserved components model - to identify the...
Persistent link: https://www.econbiz.de/10008534144