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Author: Mr.Adil Mohommad Publisher: International Monetary Fund ISBN: 1484301935 Category : Business & Economics Languages : en Pages : 33
Book Description
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: Mr.Adil Mohommad Publisher: International Monetary Fund ISBN: 1484301935 Category : Business & Economics Languages : en Pages : 33
Book Description
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 ISBN: 1475575882 Category : Business & Economics Languages : en Pages : 104
Book Description
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: Mr.Marcello M. Estevão Publisher: International Monetary Fund ISBN: 1451875649 Category : Business & Economics Languages : en Pages : 31
Book Description
Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional and other economic factors. However, part of this wage moderation may be linked to a composition effect because policies were targeted to low-paid individuals. Whether ALMPs are cost-effective from a budgetary perspective remains to be determined, but they are certainly not substitutes for comprehensive institutional reforms.
Author: Claire H. Hollweg Publisher: World Bank Publications ISBN: 1464802637 Category : Business & Economics Languages : en Pages : 123
Book Description
This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.
Author: David Greenaway Publisher: Wiley-Blackwell ISBN: 9781405131698 Category : Political Science Languages : en Pages : 176
Book Description
This volume investigates the ways in which firms and workers are adjusting to globalization. A collection of cutting-edge essays investigating the ways in which firms and workers are adjusting to globalization. Written by leading researchers in the field. Covers such issues as: outsourcing; the productivity effects of entry to export markets; job losses and wage insurance; and the protection of intellectual property. Presents original research on adjusting to globalization. Provides important insights into the microeconomics effects of globalization. Highlights key issues for policy makers.
Author: Russell T. Ross Publisher: SprintPrints ISBN: 9781442506916 Category : Collective bargaining Languages : en Pages : 293
Book Description
This book examines the key topics in contemporary labour economics It presents the background to current debates and defines the major concepts used by labour economists in an accessible and straighforward manner. The text adopts a pluralistic approach to theory and details government policy.
Author: Alison Preston Publisher: Routledge ISBN: 1351783130 Category : Business & Economics Languages : en Pages : 282
Book Description
This title was first published in 2001. Drawing on the fields of labour economics and industrial relations, this book simultaneously applies human capital theory and institutional analysis to an explanation of occupational and other wage differentials. This outstanding study contains a wealth of reference material on both the economic and normative determinants of wages. Destined to become a landmark study in the area of Australian wage determination, the book is an essential text for labour economists, industrial relations specialists, researchers and policy makers alike.
Author: OECD Publisher: OECD Publishing ISBN: 9264181202 Category : Languages : en Pages : 181
Book Description
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 ISBN: 9264172602 Category : Languages : en Pages : 210
Book Description
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: International Monetary Fund. Research Dept. Publisher: International Monetary Fund ISBN: 1484315448 Category : Business & Economics Languages : en Pages : 19
Book Description
The Summer 2017 issue of the IMF Research Bulletin highlights new research such as recent IMF Working Papers and Staff Discussion Notes. The Research Summaries are “Structural Reform Packages, Sequencing, and the Informal Economy (by Zsuzsa Munkacsi and Magnus Saxegaard) and “A Broken Social Contract, Not High Inequality Led to the Arab Spring” (by Shantayanan Devarajan and Elena Ianchovichina). The Q&A section features “Seven Questions on Fintech” (by Tommaso Mancini-Griffoli). The Bulletin also includes information on recommended titles from IMF Publications and the latest articles from the IMF Economic Review.
Author: Mr.Adil Mohommad
Author: Mr.Adil Mohommad
Author: International Monetary Fund. Asia and Pacific Dept
Author: Mr.Marcello M. Estevão
Author: Claire H. Hollweg
Author: David Greenaway
Author: Russell T. Ross
Author: Alison Preston
Author: OECD
Author: OECD
Author: International Monetary Fund. Research Dept.