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This third edition of labour economics text has been expanded and extensively revised. Contains a new chapter on trade unions, and includes concepts for review and questions for discussion at the end of each chapter. Integrates theoretical material with data on Australian labour markets. Contains new sections on topics such as labour absence, reservation wages, implicit contract theory, efficiency wage theory, and the Accord. Includes an index. The author is Professor of Economics at Murdoch University.
This report on Australia is the third country study published in a series of reports looking into strategies to encourage greater labour market participation of all groups in society with a special focus on the most disadvantaged.
A flexible labour market is widely regarded as a key factor in encouraging economic growth and prosperity. In recent years some economies have successfully reformed their labour markets, making part-time and flexible hours easier, limiting the restrictive practices of trade unions, encouraging training and the enhancement of the skills of those in the labour market, coping with the changing age profile of the workforce and in other ways. Other economies have been less successful at labour market reform and continue to struggle with outdated structures and practices. This book discusses the key elements of labour market reform, contrasting a country where reforms have been successfully carried through, Australia, with a country where reforms have been less successful, Japan. At the same time, this book challenges the conventional view that Australia is the lucky country for all its workers – given the rising hours worked for those in work and the difficulties for young people entering the labour market. Both countries also face issues in terms of an ageing population, and policy challenges in the design of safety nets and pension provision. The book thereby demonstrates to analysts of labour market reform worldwide the key elements of successful labour market reform, and the consequential effects when the reforms are carried through, or not.
This title was first published in 2001. Drawing on the fields of labour economics and industrial relations, this book simultaneously applies human capital theory and institutional analysis to an explanation of occupational and other wage differentials. This outstanding study contains a wealth of reference material on both the economic and normative determinants of wages. Destined to become a landmark study in the area of Australian wage determination, the book is an essential text for labour economists, industrial relations specialists, researchers and policy makers alike.
Research report, comparison of labour relations and labour market trends in Australia and Japan - discusses occupational structure, wage structure, wage determination, trade unionization, labour disputes, etc.; evaluates the impact of trade policy on the labour market; identifies the relative share of wages in national income, the role of woman workers and sources of unemployment problems. Diagrams, references, statistical tables.
This publication provides an in-depth analysis of industrial relations and labour market policies in Australia, with particular attention to recent insights from three years of operating experience with a contestable employment services market.