Please use this identifier to cite or link to this item:
Longitudinal Study: HILDA
Title: Changes in the Australian Labour Market over the Economic Cycle
Authors: Wheatley, T 
Yuen, K 
Rozenbes, D 
Mowbray, N 
Institution: Australian Fair Pay Commission
Publication Date: Jun-2009
Pages: 62
Keywords: Employment
Micro level
Economic growth
Inconsistent growth
Abstract: Submissions to Australian minimum wage-setting bodies have argued that a moderate increase in minimum wages is not inconsistent with continued growth in employment. Certainly, there have been extended periods of at least moderate economic growth where this result has proven to be the case. Other economic variables have been able to deliver an increase in employment independently of whether minimum wages are considered to increase, decrease or have no effect on employment at the micro level. This paper aims to distinguish the effects of wages and activity on employment at the aggregate level, by developing a model of employment which is then used for scenario analysis. The paper is structured as follows: Section 2 is an overview of labour market trends since the mid-1980s, including changes in aggregate wages and selected minimum wage rates. Section 3 is a brief literature review. Section 4 estimates a model of employment, while Section 5 simulates the effects of different output and wage scenarios on employment.
Keywords: Employment -- Labour markets; Employment; Income & Finance -- Income (Salary and Wages)
Research collection: Reports and technical papers
Appears in Collections:Reports

Show full item record

Page view(s)

checked on Jun 6, 2023
Google icon

Google ScholarTM


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.