Search: labour market

Sort by: Relevance Date
1–9 of 9 collapsed search results for labour market

RBA Glossary definition for labour market

labour market – A collective term for employment, unemployment, participation rates and wages.

Search Results

Explanations for Declining Output Volatility

31 Dec 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
One aspect of market reforms that has been somewhat overlooked is the combined effect of broad-based product and labour market reforms on an economy's responsiveness to shocks. ... Labour market reforms can reduce hiring and firing costs, including by
https://www.rba.gov.au/publications/rdp/2005/2005-08/explanations-declining-volatility.html

Appendix B: Data Descriptions, Sources and Summary Figures

31 Dec 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
Dependent on the industry, the features covered are: barriers to entry, public ownership, market structure, vertical integration and price controls. ... Constructed from the number of working days lost (from the International Labour Organisation) and the
https://www.rba.gov.au/publications/rdp/2005/2005-08/appendix-b.html

Results

31 Dec 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
case for days lost to labour market disputes, which is now significant. ... The point estimate suggests that the average decline in days lost to labour market disputes (from 252 to 47 days per thousand employed) implies a contribution to the decline in
https://www.rba.gov.au/publications/rdp/2005/2005-08/results.html

Methodology and Data

31 Dec 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
This shows a trend decline across most countries, which appears to be consistent with the variation in the extent of labour market reforms across countries. ... The Economic Freedom of the World Index provides an overall measure of labour market
https://www.rba.gov.au/publications/rdp/2005/2005-08/methodology-and-data.html

Appendix A: Factor Mobility and Output Volatility – A Simple Model

31 Dec 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
No labour market flexibility. 2.00. 0.67. Positive shock. 2. 1. 1. ... 0. 1. 1. 1. 1.00. Full labour market flexibility. 2.67. 0.89.
https://www.rba.gov.au/publications/rdp/2005/2005-08/appendix-a.html

Conclusions

31 Dec 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
We suggest that reforms in product and labour markets can reduce volatility of aggregate output by encouraging productive resources to shift more readily in response to differential shocks across firms and ... However, in the presence of time dummies,
https://www.rba.gov.au/publications/rdp/2005/2005-08/conclusions.html

Declining Output Volatility: What Role for Structural Change?

1 Oct 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2005/2005-08.html

Introduction

31 Dec 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
and labour markets across a range of industrialised countries. ... Section 2 provides a more detailed discussion of the mechanisms linking output volatility to the explanatory factors identified above; paying particular attention to the role of product
https://www.rba.gov.au/publications/rdp/2005/2005-08/introduction.html

References

31 Dec 2005 RDP 2005-08
Christopher Kent, Kylie Smith and James Holloway
Dawkins P (2000), ‘The Australian labour market in the 1990s’, in D Gruen and S Shrestha (eds),. ... Unemployment and the Australian labour market. , Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp 169–203.
https://www.rba.gov.au/publications/rdp/2005/2005-08/references.html