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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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.

Impact and interest:

18 citations in Scopus
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11 citations in Web of Science®

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ID Code: 3626
Item Type: Journal Article
Refereed: Yes
Keywords: Australian labour market reforms, unemployment, wages, productivity distributions, minimum wages, industrial relations, skill, biased technological change
DOI: 10.1111/j.1475-4932.2006.00316.x
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 00:00
Last Modified: 25 Mar 2015 02:33

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