Labor Market Adjustments To Shocks In Australia

Author : Mr.Adil Mohommad
Publisher : International Monetary Fund
Page : 33 pages
File Size : 47,9 Mb
Release : 2017-05-24
Category : Business & Economics
ISBN : 9781484301760

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Labor Market Adjustments to Shocks in Australia by Mr.Adil Mohommad Pdf

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) flexibility in labor input adjustment in response to demand shocks; (iii) changes in labor productivity in the wake of resource reallocation with the decline in mining investment, (iv) and the role of migration in adjusting to the commodity price and mining investment cycle. We find little evidence of increased labor market frictions with the decline in commodity prices. The relatively smooth transition has been assisted by increased flexibility in adjustment of worker hours over time. Labor productivity growth has sustained its historical average through the transition, despite some temporary drag as the economy rebalances. Finally, migration has played a key role in labor market adjustment through the commodity cycle.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 104 pages
File Size : 45,5 Mb
Release : 2017-02-10
Category : Business & Economics
ISBN : 9781475575880

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Australia by International Monetary Fund. Asia and Pacific Dept Pdf

This Selected Issues paper examines the adjustment of Australian labor markets to the recent adverse shocks. Australia’s labor markets were not severely impacted by the global financial crisis and are adjusting smoothly to the sizeable commodity prices bust and mining investment downturn. However, some labor market indicators suggest persistent weaknesses. There does not appear to be a significant increase in structural employment in the wake of the commodity prices bust and mining investment decline. Increased flexibility in average hours per worker has likely moderated employment reduction in downturns and prevented a larger increase in unemployment in the wake of the mining investment downturn. At the same time, elevated underemployment signals additional slack, and is likely weighing down wage growth.

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 104 pages
File Size : 45,9 Mb
Release : 2017-02-09
Category : Business & Economics
ISBN : 9781475575842

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Australia by International Monetary Fund. Asia and Pacific Dept Pdf

This Selected Issues paper examines the adjustment of Australian labor markets to the recent adverse shocks. Australia’s labor markets were not severely impacted by the global financial crisis and are adjusting smoothly to the sizeable commodity prices bust and mining investment downturn. However, some labor market indicators suggest persistent weaknesses. There does not appear to be a significant increase in structural employment in the wake of the commodity prices bust and mining investment decline. Increased flexibility in average hours per worker has likely moderated employment reduction in downturns and prevented a larger increase in unemployment in the wake of the mining investment downturn. At the same time, elevated underemployment signals additional slack, and is likely weighing down wage growth.

Author : Marcus Kunz
Publisher : wbv Media GmbH & Company KG
Page : 150 pages
File Size : 50,9 Mb
Release : 2012-01-10
Category : Social Science
ISBN : 9783763940509

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Regional unemployment disparities in Germany by Marcus Kunz Pdf

Weder empirische Daten noch die ökonomische Theorie geben klare Anhaltspunkte, wie sich regionale Disparitäten entwickeln und welche politischen Maßnahmen angebracht sind, um diese zu reduzieren. Dies gilt insbesondere für Deutschland, wo die Wiedervereinigung zwischen West- und Ostdeutschland im Jahr 1990 die regionalen Arbeitslosigkeitsunterschiede deutlich verstärkt hat. Vor diesem Hintergrund stellt Marcus Kunz drei zentrale Fragen: 1. Zeigen Arbeitslosenquoten in den Kreisen und Regionen Deutschlands regionale Konvergenz oder Divergenz? 2. Wie erfolgt die Anpassung von Kreisen und Regionen nach einem regionalen Arbeitsmarktschock? 3. Welche Faktoren sind für die regionalen Arbeitslosigkeitsunterschiede in Westdeutschland verantwortlich? Im Gegensatz zu anderen Studien über regionale Arbeitslosenquoten in Deutschland, die sich ausschließlich auf größere Regionen konzentrieren, zeichnet die Studie von Kunz ein detaillierteres empirisches Bild, da der Fokus auf der Entwicklung der Kreisebene liegt, wo die Unterschiede besonders ausgeprägt sind. Publikationssprache: Englisch

Author : OECD
Publisher : OECD Publishing
Page : 216 pages
File Size : 41,8 Mb
Release : 1999-03-18
Category : Electronic
ISBN : 9789264172609

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EMU Facts, Challenges and Policies by OECD Pdf

The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic ...

Author : OECD
Publisher : OECD Publishing
Page : 302 pages
File Size : 53,7 Mb
Release : 2012-06-27
Category : Electronic
ISBN : 9789264177185

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Free Movement of Workers and Labour Market Adjustment Recent Experiences from OECD Countries and the European Union by OECD Pdf

This publication presents recent evidence and analytical work on the impact and future perpectives of demographic trends in the workforce, taking also into account education, skills and geographical mobility.

Author : D. Greenaway,R. Upward,K. Wakelin
Publisher : Springer
Page : 243 pages
File Size : 54,7 Mb
Release : 2002-09-06
Category : Business & Economics
ISBN : 9781403920188

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Trade, Investment, Migration and Labour Market Adjustment by D. Greenaway,R. Upward,K. Wakelin Pdf

Globalization and the growing integration of national markets have had profound effects on the operation of markets, not least labour markets. In this book, a range of leading commentators on globalization and labour markets present original contribution on the interaction between these two areas. This book assesses the impact of globalization on trade, cross-border investment and migration from both a theoretical and econometric standpoint and discusses the possible applications of this analysis for both industrialized and developing countries.

Author : Daniel Werner
Publisher : wbv Media GmbH & Company KG
Page : 279 pages
File Size : 47,9 Mb
Release : 2013-08-15
Category : Social Science
ISBN : 9783763940769

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The evolution of regional labor market disparities by Daniel Werner Pdf

Zahlreiche Länder, so auch Deutschland, zeichnen sich durch ausgeprägte regionale Disparitäten auf dem Arbeitsmarkt aus. Regionalökonomische Studien liefern unterschiedlichste Ansätze, um die Existenz solcher Unterschiede zu erklären. Aber nur wenige Arbeiten geben Aufschluss über die Dynamik regionaler Arbeitsmarktdisparitäten: Nehmen diese im Zeitablauf zu, verringern sie sich oder bleiben sie stabil? Auch blenden die bisherigen Studien aus, welche Rolle Beschäftigtengruppen mit unterschiedlichem Qualifikationsniveau in diesem Prozess spielen. Die Arbeit von Daniel Werner schließt diese Lücken. Detailliert untersucht Werner zudem die Anpassungsprozesse nach regionalen Arbeitsmarktschocks. Sein Fazit: Die Mobilität der Arbeitskräfte - und hier insbesondere das Pendeln - ist der wichtigste Ausgleichsmechanismus.

Author : OECD
Publisher : OECD Publishing
Page : 194 pages
File Size : 42,7 Mb
Release : 2000-03-29
Category : Electronic
ISBN : 9789264181205

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EMU One Year on by OECD Pdf

This study assesses economic developments and policies during the inaugural year of Europe's single currency regime. It analyses the economic performance and prospects of the euro area as a whole, and highlights to what extent aggregate trends are shaped by convergence or divergence.

Author : OECD
Publisher : OECD Publishing
Page : 124 pages
File Size : 48,8 Mb
Release : 2018-12-10
Category : Electronic
ISBN : 9789264308596

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OECD Economic Surveys: Australia 2018 by OECD Pdf

Australia's long span of positive output growth continues, demonstrating the economy's resilience. In the absence of negative shocks, policy rates should start to rise soon, as wage growth and price-inflation pick up. Fiscal discipline will nevertheless still be required to bring balances to ...

Author : International Monetary Fund. Asia and Pacific Dept
Publisher : International Monetary Fund
Page : 73 pages
File Size : 41,7 Mb
Release : 2017-05-08
Category : Business & Economics
ISBN : 9781475599091

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New Zealand by International Monetary Fund. Asia and Pacific Dept Pdf

This 2017 Article IV Consultation highlights New Zealand’s economic expansion, which since early 2011 gained further broad-based momentum in 2016. GDP growth accelerated to 4 percent, and the output gap has roughly closed. Reconstruction spending after the 2011 Canterbury earthquake was an important catalyst, but the expansion has also been supported by accommodative monetary policy, a net migration wave, improving services exports, and strong terms of trade. There was some weakening of momentum in the fourth quarter of 2016, owing to softer private consumption and a sharp drop in exports, but it is expected to be temporary. Growth should rebound and then moderate toward trend in the medium term, in particular as net migration normalizes.

Author : Tamim Bayoumi,Barry Eichengreen,Mark P. Taylor
Publisher : Cambridge University Press
Page : 432 pages
File Size : 48,7 Mb
Release : 1996
Category : Business & Economics
ISBN : 9780521571692

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Modern Perspectives on the Gold Standard by Tamim Bayoumi,Barry Eichengreen,Mark P. Taylor Pdf

Currency crises in Europe and Mexico during the 1990s provided stark reminders of the importance and the fragility of international financial markets. These experiences led some commentators to conclude that open international capital markets are incompatible with financial stability. But the pre-1914 gold standard is an obvious challenge to the notion that open capital markets are sources of instability. To deepen our understanding of how this system worked, this volume draws together recent research on the gold standard. Theoretical models are used to guide qualitative discussions of historical experience, while econometric methods are used to help the historical data speak clearly. The result is an overview of the gold standard, a survey of the relevant applied research in international macroeconomics, and a demonstration of how the past can help to inform the present.

Author : Anonim
Publisher : World Bank Publications
Page : 404 pages
File Size : 41,8 Mb
Release : 1994
Category : Developing countries
ISBN : 0821326805

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Labor markets in an era of adjustment by Anonim Pdf

Author : John Benson,Chris Rowley
Publisher : Routledge
Page : 324 pages
File Size : 51,8 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781135304850

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Globalization and Labour in the Asia Pacific by John Benson,Chris Rowley Pdf

Globalization and labour market deregulation have had an impact on employment and workers, and brought pressure to bear on trade unions. This study looks at the challenges of globalization and deregulation in the Asia Pacific, and possible responses to them in a variety of ways.

Author : Guy Debelle,Jeff Borland
Publisher : Unknown
Page : 380 pages
File Size : 43,9 Mb
Release : 1998
Category : Political Science
ISBN : CORNELL:31924087554063

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Unemployment and the Australian Labour Market by Guy Debelle,Jeff Borland Pdf

Unemployment and the Australian labour market.