Real Wages and Unemployment in Australia
Bibliographic Data
| ID | 9723392 |
|---|---|
| Authors | Christopher A Pissarides (0000-0002-0695-058X, corresponding author) |
| Year | 1991 |
| Volume | 58 |
| Issue | 229 |
| Pages | 35 |
| Publication date | 1991-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2554974 |
| OpenAlex | W2094267785 |
| Language | EN |
| Citations received | 2 |
| References cited | 4 |
This paper estimates a three-equation model of the Australian labour market, for employment, real wages and the participation rate. It uses the model to study the role of incomes policies in containing real wage growth and the reasons behind the changes in unemployment since 1970. It finds that incomes policies have not been important in controlling real wages; the rise in unemployment in the 1970s was due to the rise in tax rates and unemployment benefits; the changes in unemployment in the 1980s were connected with changes in investment and aggregate demand. -Author
Aggregate demand · Economics · Efficiency wage · Full employment · Investment (military) · Labour economics · Macroeconomics · Monetary policy · Politics · Real wages · Unemployment · Unemployment rate · Wage · Education Systems and Policy · Labor market dynamics and wage inequality · Labor Movements and Unions
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,06 |
| Citation span | 1995 - 1998 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |