Labor Market Adjustments to Shocks in Australia. /

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) flexibil...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Mohommad, Adil (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2017]
Colección:IMF working paper ; WP/17/124.
Temas:
Manpower policy > Australia.
Labor supply > Australia.
Emploi > Politique gouvernementale > Australie.
Marché du travail > Australie.
BUSINESS & ECONOMICS > Labor.
POLITICAL SCIENCE > Labor & Industrial Relations.
Labor supply
Manpower policy
Australia
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • TABLE OF CONTENTS
  • Abstract
  • I. Introduction
  • II. Does Higher Long-Term Unemployment Indicate More Labor Market Frictions?
  • III. What Are the Implications Of Greater Labor Market Flexibility for Labor Market Slack and Wages?
  • IV. Have Sectoral Shifts in Labor Affected Labor Productivity?
  • V. How Did States' Labor Markets Adjust to the Commodity Price and Mining Investment Cycle?
  • VI. Summary and Conclusion
  • FIGURES
  • 1. Key Real Sector and Labor Market Developments
  • 2. Structural Unemployment
  • 3. Cyclical Adjustment in Labor Input
  • 4. Differences in Sectoral Cyclical Adjustment in Labor Input
  • 5. Part-time Work, Hours Worked, and Underemployment
  • 6. Wages and Labor Market Slack
  • 7. Share in Aggregate Hours Worked
  • 8. Sectoral Average Hours and Employment Changes
  • 9. Share in Aggregate Hours and Labor Productivity
  • 10. Labor Market Developments in States
  • 11A. Impulse Responses to 1% State-Specific Employment Shock
  • 11B. Impulse Responses to 1% Employment Shock
  • 12. Historical Decomposition of Employment Growth
  • APPENDICES
  • I. Fitting a Beveridge Curve for Australia
  • II. Cyclical Features of Labor Market Adjustment
  • III. Role of Migration in States' Labor Market Adjustment
  • References.

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