From Golden Age to Golden Age: Australia's "Great Leap Forward"?
Frijters, Paul & Gregory, Robert (2006) From Golden Age to Golden Age: Australia's "Great Leap Forward"? Economic Record, pp. 207-224.
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DOI: 10.1111/j.1475-4932.2006.00316.x
Abstract
The twenty-five years after WW 2 witnessed strong labour market institutions and beneficial labour market outcomes - high wage growth and integration of low-skilled immigrants. Then came the macro shocks of the mid 1970s. Labour market outcomes deteriorated as full-time employment population ratios fell, particularly among males; unemployment and welfare use increased; and real wages grew slowly. The golden age passed. In response, successive governments have increasingly begun to dismantle the institutional framework. We address this transition within a simple long run graphical framework to help us marshal facts and arguments and to discuss the likely impact of institutional reform.
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| ID Code: | 3626 |
|---|---|
| Item Type: | Journal Article |
| Keywords: | Australian labour market reforms, unemployment, wages, productivity distributions, minimum wages, industrial relations, skill, biased technological change |
| ISSN: | 0013-0249 |
| Divisions: | Current > QUT Faculties and Divisions > QUT Business School |
| Copyright Owner: | Copyright 2006 Blackwell Publishing |
| Copyright Statement: | The definitive version is available at www.blackwell-synergy.com |
| Deposited On: | 10 Jan 2007 |
| Last Modified: | 02 Feb 2012 20:06 |
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