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Labor Market Adjustments 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 2017-05-26 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 :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 Regional unemployment disparities in Germany by : Marcus Kunz
Download or read book Regional unemployment disparities in Germany written by Marcus Kunz and published by wbv Media GmbH & Company KG. This book was released on 2012-01-10 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weder empirische Daten noch die ökonomische Theorie geben klare Anhaltspunkte, wie sich regionale Disparitäten entwickeln und welche politischen Maßnahmen angebracht sind, um diese zu reduzieren. Dies gilt insbesondere für Deutschland, wo die Wiedervereinigung zwischen West- und Ostdeutschland im Jahr 1990 die regionalen Arbeitslosigkeitsunterschiede deutlich verstärkt hat. Vor diesem Hintergrund stellt Marcus Kunz drei zentrale Fragen: 1. Zeigen Arbeitslosenquoten in den Kreisen und Regionen Deutschlands regionale Konvergenz oder Divergenz? 2. Wie erfolgt die Anpassung von Kreisen und Regionen nach einem regionalen Arbeitsmarktschock? 3. Welche Faktoren sind für die regionalen Arbeitslosigkeitsunterschiede in Westdeutschland verantwortlich? Im Gegensatz zu anderen Studien über regionale Arbeitslosenquoten in Deutschland, die sich ausschließlich auf größere Regionen konzentrieren, zeichnet die Studie von Kunz ein detaillierteres empirisches Bild, da der Fokus auf der Entwicklung der Kreisebene liegt, wo die Unterschiede besonders ausgeprägt sind. Publikationssprache: Englisch
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :1475599099 Total Pages :73 pages Book Rating :4.4/5 (755 download)
Book Synopsis New Zealand by : International Monetary Fund. Asia and Pacific Dept
Download or read book New Zealand written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-05-08 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights New Zealand’s economic expansion, which since early 2011 gained further broad-based momentum in 2016. GDP growth accelerated to 4 percent, and the output gap has roughly closed. Reconstruction spending after the 2011 Canterbury earthquake was an important catalyst, but the expansion has also been supported by accommodative monetary policy, a net migration wave, improving services exports, and strong terms of trade. There was some weakening of momentum in the fourth quarter of 2016, owing to softer private consumption and a sharp drop in exports, but it is expected to be temporary. Growth should rebound and then moderate toward trend in the medium term, in particular as net migration normalizes.
Book Synopsis Free Movement of Workers and Labour Market Adjustment Recent Experiences from OECD Countries and the European Union by : OECD
Download or read book Free Movement of Workers and Labour Market Adjustment Recent Experiences from OECD Countries and the European Union written by OECD and published by OECD Publishing. This book was released on 2012-06-27 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents recent evidence and analytical work on the impact and future perpectives of demographic trends in the workforce, taking also into account education, skills and geographical mobility.
Book Synopsis EMU Facts, Challenges and Policies by : OECD
Download or read book EMU Facts, Challenges and Policies written by OECD and published by OECD Publishing. This book was released on 1999-03-18 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic ...
Book Synopsis Trade, Investment, Migration and Labour Market Adjustment by : D. Greenaway
Download or read book Trade, Investment, Migration and Labour Market Adjustment written by D. Greenaway and published by Springer. This book was released on 2002-09-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization and the growing integration of national markets have had profound effects on the operation of markets, not least labour markets. In this book, a range of leading commentators on globalization and labour markets present original contribution on the interaction between these two areas. This book assesses the impact of globalization on trade, cross-border investment and migration from both a theoretical and econometric standpoint and discusses the possible applications of this analysis for both industrialized and developing countries.
Book Synopsis The evolution of regional labor market disparities by : Daniel Werner
Download or read book The evolution of regional labor market disparities written by Daniel Werner and published by wbv Media GmbH & Company KG. This book was released on 2013-08-15 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zahlreiche Länder, so auch Deutschland, zeichnen sich durch ausgeprägte regionale Disparitäten auf dem Arbeitsmarkt aus. Regionalökonomische Studien liefern unterschiedlichste Ansätze, um die Existenz solcher Unterschiede zu erklären. Aber nur wenige Arbeiten geben Aufschluss über die Dynamik regionaler Arbeitsmarktdisparitäten: Nehmen diese im Zeitablauf zu, verringern sie sich oder bleiben sie stabil? Auch blenden die bisherigen Studien aus, welche Rolle Beschäftigtengruppen mit unterschiedlichem Qualifikationsniveau in diesem Prozess spielen. Die Arbeit von Daniel Werner schließt diese Lücken. Detailliert untersucht Werner zudem die Anpassungsprozesse nach regionalen Arbeitsmarktschocks. Sein Fazit: Die Mobilität der Arbeitskräfte - und hier insbesondere das Pendeln - ist der wichtigste Ausgleichsmechanismus.
Download or read book EMU One Year on written by OECD and published by OECD Publishing. This book was released on 2000-03-29 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study assesses economic developments and policies during the inaugural year of Europe's single currency regime. It analyses the economic performance and prospects of the euro area as a whole, and highlights to what extent aggregate trends are shaped by convergence or divergence.
Book Synopsis OECD Economic Surveys: Australia 2018 by : OECD
Download or read book OECD Economic Surveys: Australia 2018 written by OECD and published by OECD Publishing. This book was released on 2018-12-10 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Australia's long span of positive output growth continues, demonstrating the economy's resilience. In the absence of negative shocks, policy rates should start to rise soon, as wage growth and price-inflation pick up. Fiscal discipline will nevertheless still be required to bring balances to ...
Book Synopsis Australia by : International Monetary Fund
Download or read book Australia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-10-06 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study relates Australian household saving more closely to movements in asset market using event study analysis and econometric analysis. In this study, the policy challenges for Australia from rebalancing in China, a temporary growth slowdown in China, and a recession in advanced countries are analyzed. The Globally Integrated Monetary and Fiscal Model (GIMF) is used for policy challenges. The impact of the mining boom on the Australian labor market is also discussed in this paper.
Book Synopsis Modern Perspectives on the Gold Standard by : Tamim Bayoumi
Download or read book Modern Perspectives on the Gold Standard written by Tamim Bayoumi and published by Cambridge University Press. This book was released on 1996 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currency crises in Europe and Mexico during the 1990s provided stark reminders of the importance and the fragility of international financial markets. These experiences led some commentators to conclude that open international capital markets are incompatible with financial stability. But the pre-1914 gold standard is an obvious challenge to the notion that open capital markets are sources of instability. To deepen our understanding of how this system worked, this volume draws together recent research on the gold standard. Theoretical models are used to guide qualitative discussions of historical experience, while econometric methods are used to help the historical data speak clearly. The result is an overview of the gold standard, a survey of the relevant applied research in international macroeconomics, and a demonstration of how the past can help to inform the present.
Book Synopsis Labor markets in an era of adjustment by :
Download or read book Labor markets in an era of adjustment written by and published by World Bank Publications. This book was released on 1994 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Globalization and Labour in the Asia Pacific by : John Benson
Download or read book Globalization and Labour in the Asia Pacific written by John Benson and published by Routledge. This book was released on 2018-12-07 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization and labour market deregulation have had an impact on employment and workers, and brought pressure to bear on trade unions. This study looks at the challenges of globalization and deregulation in the Asia Pacific, and possible responses to them in a variety of ways.
Book Synopsis Japanese and Australian Labour Markets by : Keith Jackson Hancock
Download or read book Japanese and Australian Labour Markets written by Keith Jackson Hancock and published by . This book was released on 1983 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Interwar Unemployment in International Perspective by : Barry J. Eichengreen
Download or read book Interwar Unemployment in International Perspective written by Barry J. Eichengreen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: High unemployment has been one of the most disturbing features of the economy of the 1980s. For a precedent, one must look to the interwar period and in particular to the Great Depression of the 1930s. It follows that recent years have been marked by a resurgence of interest amongst academics in interwar unemployment. The debate has been contentious. There is nothing like the analysis of a period which recorded rates of un employment approaching 25 per cent to highlight the differences between competing schools of thought on the operation of labour markets. Along with historians, economists whose objective is to better understand the causes, character and consequences of contemporary unemployment and sociologists seeking to understand contemporary society's perceptions and responses to joblessness have devoted increasing attention to this his torical episode. Like many issues in economic history, this one can be approached in a variety of ways using different theoretical approaches, tools of analysis and levels of disaggregation. Much of the recent literature on the func tioning of labour markets in the Depression has been macroeconomic in nature and has been limited to individual countries. Debates from the period itself have been revived and new questions stimulated by modem research have been opened. Many such studies have been narrowly fo cused and have failed to take into account the array of historical evidence collected and anal~sed by contemporaries or reconstructed and re- inter preted by historians.
Book Synopsis Immigration and Freedom by : Chandran Kukathas
Download or read book Immigration and Freedom written by Chandran Kukathas and published by Princeton University Press. This book was released on 2021-03-16 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compelling account of the threat immigration control poses to the citizens of free societies Immigration is often seen as a danger to western liberal democracies because it threatens to undermine their fundamental values, most notably freedom and national self-determination. In this book, however, Chandran Kukathas argues that the greater threat comes not from immigration but from immigration control. Kukathas shows that immigration control is not merely about preventing outsiders from moving across borders. It is about controlling what outsiders do once in a society: whether they work, reside, study, set up businesses, or share their lives with others. But controlling outsiders—immigrants or would-be immigrants—requires regulating, monitoring, and sanctioning insiders, those citizens and residents who might otherwise hire, trade with, house, teach, or generally associate with outsiders. The more vigorously immigration control is pursued, the more seriously freedom is diminished. The search for control threatens freedom directly and weakens the values upon which it relies, notably equality and the rule of law. Kukathas demonstrates that the imagined gains from efforts to control immigration are illusory, for they do not promote economic prosperity or social solidarity. Nor does immigration control bring self-determination, since the apparatus of control is an international institutional regime that increases the power of states and their agencies at the expense of citizens. That power includes the authority to determine who is and is not an insider: to define identity itself. Looking at past and current practices across the world, Immigration and Freedom presents a critique of immigration control as an institutional reality, as well as an account of what freedom means—and why it matters.
