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Labor Market Adjustment To Shocks In Australia
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Book Synopsis Labor Market Adjustments to Shocks in Australia by : Mr.Adil Mohommad
Download or read book Labor Market Adjustments to Shocks in Australia written by Mr.Adil Mohommad and published by International Monetary Fund. This book was released on 2017-05-24 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in unemployment. This paper examines several aspects of the adjustment, focusing on (i) evidence of increased labor market frictions following the commodity price decline; (ii) flexibility in labor input adjustment in response to demand shocks; (iii) changes in labor productivity in the wake of resource reallocation with the decline in mining investment, (iv) and the role of migration in adjusting to the commodity price and mining investment cycle. We find little evidence of increased labor market frictions with the decline in commodity prices. The relatively smooth transition has been assisted by increased flexibility in adjustment of worker hours over time. Labor productivity growth has sustained its historical average through the transition, despite some temporary drag as the economy rebalances. Finally, migration has played a key role in labor market adjustment through the commodity cycle.
Book Synopsis Labor Market Adjustment to Shocks in Australia by : Adil Mohommad
Download or read book Labor Market Adjustment to Shocks in Australia written by Adil Mohommad and published by . This book was released on 2017 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in unemployment. This paper examines several aspects of the adjustment, focusing on (i) evidence of increased labor market frictions following the commodity price decline; (ii) flexibility in labor input adjustment in response to demand shocks; (iii) changes in labor productivity in the wake of resource reallocation with the decline in mining investment, (iv) and the role of migration in adjusting to the commodity price and mining investment cycle. We find little evidence of increased labor market frictions with the decline in commodity prices. The relatively smooth transition has been assisted by increased flexibility in adjustment of worker hours over time. Labor productivity growth has sustained its historical average through the transition, despite some temporary drag as the economy rebalances. Finally, migration has played a key role in labor market adjustment through the commodity cycle.
Book Synopsis Labor Market Adjustments to Shocks in Australia by : Mr.Adil Mohommad
Download or read book Labor Market Adjustments to Shocks in Australia written by Mr.Adil Mohommad and published by International Monetary Fund. This book was released on 2017-05-26 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in unemployment. This paper examines several aspects of the adjustment, focusing on (i) evidence of increased labor market frictions following the commodity price decline; (ii) flexibility in labor input adjustment in response to demand shocks; (iii) changes in labor productivity in the wake of resource reallocation with the decline in mining investment, (iv) and the role of migration in adjusting to the commodity price and mining investment cycle. We find little evidence of increased labor market frictions with the decline in commodity prices. The relatively smooth transition has been assisted by increased flexibility in adjustment of worker hours over time. Labor productivity growth has sustained its historical average through the transition, despite some temporary drag as the economy rebalances. Finally, migration has played a key role in labor market adjustment through the commodity cycle.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :1475575882 Total Pages :104 pages Book Rating :4.4/5 (755 download)
Book Synopsis Australia by : International Monetary Fund. Asia and Pacific Dept
Download or read book Australia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-02-10 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the adjustment of Australian labor markets to the recent adverse shocks. Australia’s labor markets were not severely impacted by the global financial crisis and are adjusting smoothly to the sizeable commodity prices bust and mining investment downturn. However, some labor market indicators suggest persistent weaknesses. There does not appear to be a significant increase in structural employment in the wake of the commodity prices bust and mining investment decline. Increased flexibility in average hours per worker has likely moderated employment reduction in downturns and prevented a larger increase in unemployment in the wake of the mining investment downturn. At the same time, elevated underemployment signals additional slack, and is likely weighing down wage growth.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :147557584X Total Pages :104 pages Book Rating :4.4/5 (755 download)
Book Synopsis Australia by : International Monetary Fund. Asia and Pacific Dept
Download or read book Australia written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-02-09 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines the adjustment of Australian labor markets to the recent adverse shocks. Australia’s labor markets were not severely impacted by the global financial crisis and are adjusting smoothly to the sizeable commodity prices bust and mining investment downturn. However, some labor market indicators suggest persistent weaknesses. There does not appear to be a significant increase in structural employment in the wake of the commodity prices bust and mining investment decline. Increased flexibility in average hours per worker has likely moderated employment reduction in downturns and prevented a larger increase in unemployment in the wake of the mining investment downturn. At the same time, elevated underemployment signals additional slack, and is likely weighing down wage growth.
Book Synopsis Wages and Labour Market Adjustment by : Glenn Alexander Withers
Download or read book Wages and Labour Market Adjustment written by Glenn Alexander Withers and published by . This book was released on 1983 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Labor Market and Economic Adjustment by : Pierre-Richard Agénor
Download or read book The Labor Market and Economic Adjustment written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1995-11-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.
Book Synopsis Labour Market Adjustment in Regional Australia by : Jeremy Lawson
Download or read book Labour Market Adjustment in Regional Australia written by Jeremy Lawson and published by . This book was released on 2002 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, there has been a marked divergence in regional labour market outcomes within Australia. In this paper, we examine two aspects of this divergence. First, we analyse the wide variation in employment growth rates, finding that stronger rates of employment growth were associated with industry structure, proximity to factor and product markets, and the level of regional amenity. Second, we investigate how regional labour markets adjusted to different employment conditions. While regional migration is found to be the dominant adjustment channel, the relative strength of the migration adjustment differs across regions. Out-migration, accompanying employment declines, was stronger amongst regions with initially high unemployment rates and low regional amenity. Similarly, regions with initially low rates of unemployment and high regional amenity experienced stronger rates of in-migration in response to rising employment.
Book Synopsis Labour Market Efficiency in Australia by :
Download or read book Labour Market Efficiency in Australia written by and published by . This book was released on 1985 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research report on labour market efficiency and labour policy in Australia - discusses the impact of arbitration as a wage determination procedure; considers the effects of vocational training, income tax and social assistance on labour supply, labour mobility and labour force participation; notes the role of the public sector employment service; examines symptoms of inefficiency including labour surplus, labour shortage, labour market segmentation and labour disputes. References, statistical tables.
Book Synopsis Labour Market Adjustment by : Glenn Alexander Withers
Download or read book Labour Market Adjustment written by Glenn Alexander Withers and published by . This book was released on 1983* with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Special Labour Market Adjustment Measures in Australia by : John R. Niland
Download or read book Special Labour Market Adjustment Measures in Australia written by John R. Niland and published by . This book was released on 1983 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Labour Markets Work by : Richard Blandy
Download or read book How Labour Markets Work written by Richard Blandy and published by Melbourne, Australia : Longman Cheshire. This book was released on 1982 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Textbook comprising case studies on labour market trends (1970- 1980) in Australia - explores empirically how important wages and non- pay adjustments have been to labour supply and labour demand have been in a number of selected occupations, notably the police, skilled worker metalworkers, lawyers, engineers and other academic professional workers, managers, office workers of the public service, etc., and concludes that Australian labour markets are rather flexible in adapting pay, promotion, hours of work and labour mobility. Bibliographys and graphs.
Book Synopsis Back to Work: Australia Improving the Re-employment Prospects of Displaced Workers by : OECD
Download or read book Back to Work: Australia Improving the Re-employment Prospects of Displaced Workers written by OECD and published by OECD Publishing. This book was released on 2016-04-06 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is the fourth in a series of reports looking at how job displacement is being tackled in a number of OECD countries. It focuses on Australia.
Download or read book Jobs Or Hours? written by James Bishop and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural Change in the Labour Market by : Australia. Department of Employment and Industrial Relations
Download or read book Structural Change in the Labour Market written by Australia. Department of Employment and Industrial Relations and published by . This book was released on 1979 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reshaping the Labour Market by : Sue Richardson
Download or read book Reshaping the Labour Market written by Sue Richardson and published by Cambridge University Press. This book was released on 1999-12-06 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this up-to-date and accessible book, a team of leading commentators assess the workings of and prospects for the Australian labor market. They discuss questions of deregulation, competition, efficiency, productivity, the impact of wage structures on unemployment and the role of government. The book also considers the relationship of the social welfare system to the labor market and related questions of equity, the role of the tax system, the impact of gender, and differences between families and single wage-earners.
Book Synopsis Unemployment and the Australian Labour Market by : Guy Debelle
Download or read book Unemployment and the Australian Labour Market written by Guy Debelle and published by . This book was released on 1998 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unemployment and the Australian labour market.
