This paper uses unit record data from the 1985 Australian Longitudinal Survey to review the major features of the youth labor market. Education plays an important role in determining the incidence of unemployment, wages, hours of work, and access to training opportunities. The probability of...

Human capital earnings functions typically explain a small fraction of the total variation in earnings. The considerable uncertainty associated with expected future earnings streams enhances the desirability of a loans scheme for higher education possessing income contingent characteristics on...

The underlying motivation for much of the research into the determinants of occupational attainment is to enable inferences to be made as to the relative position of various groups at a point in time, or an individual's economic mobility over time. In this paper we compare unordered and ordered...

The Australian unemployment assistance scheme possesses two major features which differentiate it from North American programs. First, no qualifying period of employment is necessary. Second, benefits may be paid for an unlimited period. Analysis of the individual's work-leisure choice provides...

This paper examines the influences of a number of demographic characteristics and the duration of unemployment on the probability of leaving unemployment. This probability is found to decrease as the duration of unemployment increases, with married females having the highest probability of exit....

Linear quadratic optimal control techniques are applied to a simplified reduced form model of the Australian money market to examine the tradeoff between improved monetary control and interest rate variability. We focus on a series of questions. Is quarterly control of the money supply feasible...