RDP 2016-06: Jobs or Hours? Cyclical Labour Market Adjustment in Australia
Equation
H
¯
t
S
,
c
f
=
H
¯
t
S
+
N
t
L
N
t
S
(
H
¯
t
L
−
H
¯
t
−
1
L
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaa0aaaeaacaWGibaaamaaDaaaleaacaWG0baabaGaam4uaiaacYcacaWGJbGaamOzaaaakiabg2da9maanaaabaGaamisaaaadaqhaaWcbaGaamiDaaqaaiaadofaaaGccqGHRaWkdaWcaaqaaiaad6eadaqhaaWcbaGaamiDaaqaaiaadYeaaaaakeaacaWGobWaa0baaSqaaiaadshaaeaacaWGtbaaaaaakmaabmaabaWaa0aaaeaacaWGibaaamaaDaaaleaacaWG0baabaGaamitaaaakiabgkHiTmaanaaabaGaamisaaaadaqhaaWcbaGaamiDaiabgkHiTiaaigdaaeaacaWGmbaaaaGccaGLOaGaayzkaaaaaa@4FC6@