Labor Market Adjustments to Shocks in Australia

Labor Market Adjustments to Shocks in Australia
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... READ MORE...

Publication date: May 2017
ISBN 9781484301760
$18.00

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