[PDF] Business Cycle Characteristics Of The Australian Labour Market With An Endogenous Participation Rate eBook

Author : Andrew Evans
Publisher :
Page : 76 pages
File Size : 27,37 MB
Release : 2016
Category : Business cycles
ISBN :

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We use a SVAR model to analyse gross flows of workers between the states of employment, unemployment and non-participation in the Australian labour market. We determine the cyclicality of stocks, gross flows and state transition rates by examining their responses to business cycle shocks. We use the derived cyclicality of transition rates to characterise labour force inflows and outflows as being consistent in aggregate with either the Discouraged-Worker Effect or the Added-Worker Effect. We find evidence that the total participation rate is procyclical which means that the Discouraged-Worker Effect is dominant overall, but also find that the Added-Worker Effect is dominant in several particular types of transition. We also apply shocks to gross flows between employment and unemployment and find that unemployment inflows are more important than outflows to the evolution of the unemployment rate. We find that participation decisions make only a small contribution to unemployment relative to flows between employment and unemployment.

Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
Page : 50 pages
File Size : 11,25 MB
Release : 2020-05-29
Category : Business & Economics
ISBN : 1513536990

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Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.

Author : Guy Debelle
Publisher :
Page : 380 pages
File Size : 31,21 MB
Release : 1998
Category : Political Science
ISBN :

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Unemployment and the Australian labour market.

Author : Russell T. Ross
Publisher : SprintPrints
Page : 293 pages
File Size : 12,78 MB
Release : 2009-01-01
Category : Collective bargaining
ISBN : 9781442506916

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This book examines the key topics in contemporary labour economics It presents the background to current debates and defines the major concepts used by labour economists in an accessible and straighforward manner. The text adopts a pluralistic approach to theory and details government policy.

Author : Jaap Koning
Publisher : Edward Elgar Publishing
Page : 424 pages
File Size : 32,83 MB
Release : 2007-02-23
Category : Political Science
ISBN : 9781781953013

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This book argues that active labour market policies are necessary to improve the position of the unemployed but have so far performed relatively poorly. The contributing authors seek ways to improve active labour market policy and consider three means of doing so: improving the quality by better targeting and by better-designed measures, more efficient implementation and delivery, and better performance by benchmarking the various implementation agencies involved.

Author : Sónia Félix
Publisher : International Monetary Fund
Page : 57 pages
File Size : 25,6 MB
Release : 2019-12-13
Category : Business & Economics
ISBN : 1513521519

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This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.

Author : Shahram Akbarzadeh
Publisher : Academic Monographs
Page : 206 pages
File Size : 11,9 MB
Release : 2010
Category : Muslim women
ISBN : 0522857167

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"Muslim women in Australia are at the forefront of a culture war, and not necessarily by choice. As visible representatives of Islam, veiled women face discrimination and abuse, and carry the stigma of a culture frequently deemed unacceptable and inferior. Despite these adverse conditions, Muslim women have demonstrated a remarkable resilience by maintaining their presence in the public domain and by continuing to make a positive contribution to Australia. The experiences of Muslim women in Australia cannot be typecast as a sisterhood of oppressed females. Challenging Identities questions the assumption of incompatible 'Australian values' and 'Islamic values', and provides valuable first-person accounts from the lives of Muslim women in Australia."--Publisher description.

Author : Reserve Bank of Australia
Publisher : Reserve Bank of Australia and Australian Treasury
Page : 392 pages
File Size : 19,67 MB
Release : 2011-01-01
Category : Australia
ISBN : 9780987148858

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"This is the fourth time the Reserve Bank has held a conference to review the Australian economy over the preceding decade. These decadal reviews provide an opportunity to place the events that have shaped the economy in perspective, consider patterns of structural change, and reflect on the persistent themes through the decade and across successive decades. The 2000s were particularly eventful for both the international and Australian economies. There were: two recessions in many countries; the largest international financial crisis since the Great Depression; the ongoing rapid development of Asia; asset booms and busts; and Australia experienced the longest sustained increase in commodity prices and the terms of trade in the nation's history." -- Introduction.