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Mitchell and Mosler (M&M) in their paper provide a critique of neoclassical remedies for unemployment and recommend a job guarantee scheme that they argue would lead to permanent full employment. The fundamental underpinning of their analysis is that unemployment is due to a lack of aggregate...
Persistent link: https://www.econbiz.de/10009481973
This paper attempts to assess the relative performance of the Australian Labor Party (ALP) and the Coalition governments in their management of the Australian macroeconomy. Given the problem of defining an appropriate counterfactual, we make comparisons using a number of different methods....
Persistent link: https://www.econbiz.de/10009481993
This paper examines occupational choice to test if an extended array of variables, including personality traits, influences an individual?s occupational choice. Typically the heterogeneity of labour markets is examined by looking for compensating wage differentials as first advocated by Adam...
Persistent link: https://www.econbiz.de/10009482179
The aim of this paper is to study the likely impacts of the Global Financial and Economic Crisis on the Australian labour market. We argue that the impact of the global crisis on the Australian economy is likely to be a continuing increase in unemployment and long term unemployment. The impact...
Persistent link: https://www.econbiz.de/10009482261