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RBA Glossary definition for RBA

RBA – Reserve Bank of Australia. Australia's central bank, the body corporate successor to the Commonwealth Bank established in 1912; created under its new name by the Reserve Bank Act 1959.

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Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
Research Discussion Paper – RDP 2023-02 Did Labour Market Concentration Lower Wages Growth Pre-COVID? Jonathan Hambur. March 2023. 1.8. MB. 140. KB. Supplementary information. wages, labour market. Wages growth in Australia was lower than expected
https://www.rba.gov.au/publications/rdp/2023/2023-02.html

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
Much of the weakness could be explained by standard determinants. For example, Cassidy (2019) uses one of the RBA's standard models of wages growth to show that most of the
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html

Data

1 Mar 2023 RDP 2023-02
Jonathan Hambur
RDP 2023-02: Did Labour Market Concentration Lower Wages Growth Pre-COVID? 3. Data. Jonathan Hambur. March 2023. Download the Paper 1.8. MB. For the analysis, I use the LEED discussed in Appendix A of Andrews et al (2019). This dataset links the
https://www.rba.gov.au/publications/rdp/2023/2023-02/data.html

Appendix B: Regression robustness results

1 Mar 2023 RDP 2023-02
Jonathan Hambur
RDP 2023-02: Did Labour Market Concentration Lower Wages Growth Pre-COVID? Appendix B: Regression robustness results. Jonathan Hambur. March 2023. Download the Paper 1.8. MB. Table B1: Fixed effects – Local market model. Headcount. Wages. None.
https://www.rba.gov.au/publications/rdp/2023/2023-02/appendix-b.html

Conclusion

1 Mar 2023 RDP 2023-02
Jonathan Hambur
RDP 2023-02: Did Labour Market Concentration Lower Wages Growth Pre-COVID? 7. Conclusion. Jonathan Hambur. March 2023. Download the Paper 1.8. MB. Wages growth was surprisingly low during the pre-COVID period. Understanding whether or what
https://www.rba.gov.au/publications/rdp/2023/2023-02/conclusion.html

Appendix A: Additional charts and tables

1 Mar 2023 RDP 2023-02
Jonathan Hambur
RDP 2023-02: Did Labour Market Concentration Lower Wages Growth Pre-COVID? Appendix A: Additional charts and tables. Jonathan Hambur. March 2023. Download the Paper 1.8. MB. Figure A1: Employment by industry, LEED versus ABS LFS, 2002 to 2016. Notes:
https://www.rba.gov.au/publications/rdp/2023/2023-02/appendix-a.html

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
I would like to thank Cyrille Schwellnus, Dan Andrews, Jeff Borland, Sephorah Mangin, and seminar participants at the RBA, the RBA Quantitative Macroeconomics workshop, the OECD, Treasury and the ATO ALIFE
https://www.rba.gov.au/publications/rdp/2023/2023-02/sections.html

Literature

1 Mar 2023 RDP 2023-02
Jonathan Hambur
RDP 2023-02: Did Labour Market Concentration Lower Wages Growth Pre-COVID? 2. Literature. Jonathan Hambur. March 2023. Download the Paper 1.8. MB. Labour market, or monopsony, power is defined as the ability of a firm to influence the wage that it
https://www.rba.gov.au/publications/rdp/2023/2023-02/literature.html

References

1 Mar 2023 RDP 2023-02
Jonathan Hambur
Cassidy N (2019), ‘Low Wage Growth in Australia – An Overview’, Paper presented at the annual RBA conference on ‘Low Wage Growth’, Sydney, 4–5 April. ... Available at <https://www.rba.gov.au/speeches/2018/sp-gov-2018-06-13.html>. Manning A
https://www.rba.gov.au/publications/rdp/2023/2023-02/references.html

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
https://www.rba.gov.au/publications/rdp/2023/2023-02/read-me.html