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http://hdl.handle.net/10419/33459
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| Title: | | From golden age to golden age: Australia's great leap forward?  |
| Authors: | | Frijters, Paul Gregory, Robert George |
| Issue Date: | | 2006 |
| Series/Report no.: | | IZA Discussion Papers 2068 |
| Abstract: | | The twenty-five years after WW 2 witnessed strong labour market institutions and beneficial labour market outcomes - high wage growth and integration of low-skilled immigrants. Then came the macro shocks of the mid 1970s. Labour market outcomes deteriorated as full-time employment population ratios fell, particularly among males; unemployment and welfare use increased; and real wages grew slowly. The golden age passed. In response, successive governments have increasingly begun to dismantle the institutional framework. We address this transition within a simple long run graphical framework to help us marshal facts and arguments and to discuss the likely impact of institutional reform. |
| Subjects: | | unemployment wage growth welfare use institutional reform Australia |
| JEL: | | J0 D6 E6 L5 O3 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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