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1–4 of 4 collapsed search results for labour market

RBA Glossary definition for labour market

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

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The Model

1 Nov 1990 RDP 9006
Jerome Fahrer
is the nominal wage that clears the market for workers in cohort 1. ... Distortions in either domestic or foreign labour markets will cause β = 1.
https://www.rba.gov.au/publications/rdp/1990/9006/model.html

Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries

1 Nov 1990 RDP 9006
Jerome Fahrer
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1990/9006.html

Optimal Wage Contracts

1 Nov 1990 RDP 9006
Jerome Fahrer
O. , is the value of θ that makes the real product wage as close as possible to the labour market-clearing real product wage. ... Under the maintained hypothesis of optimal wage indexation, unions will rationally expect to set real wages to clear the
https://www.rba.gov.au/publications/rdp/1990/9006/optimal-wage-contracts.html

Introduction

1 Nov 1990 RDP 9006
Jerome Fahrer
These phenomena can both be viewed as prima facie empirical falsifications of the notion that the world consists of continuously clearing competitive markets. ... the levels that would have cleared the labour market in the period 1973–1988.
https://www.rba.gov.au/publications/rdp/1990/9006/introduction.html