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Title:From golden age to golden age: Australia's great leap forward? PDF Logo
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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