Search: labour market

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RBA Glossary definition for labour market

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

Search Results

Alternative Measures of Labour Market Regulation

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
RDP 2007-04: Productivity Growth: The Effect of Market Regulations 5. Alternative Measures of Labour Market Regulation. ... flexible’ labour market as one in which employees can be matched with jobs in an efficient manner.
https://www.rba.gov.au/publications/rdp/2007/2007-04/alternative-measures-labour-market.html

Results

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
This contribution is larger the lower is labour market regulation, and the larger is the TFP gap. ... The estimated marginal effect of labour market deregulation on TFP growth is positive for values of PMR below 5.4.
https://www.rba.gov.au/publications/rdp/2007/2007-04/result.html

Productivity Growth: The Effect of Market Regulations

1 Jun 2007 RDP 2007-04
Christopher Kent and John Simon
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2007/2007-04.html

Data and Method

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
We examine the effects of product and labour market regulation on TFP growth in 18 OECD countries from 1974 to 2003. ... For example, Wooden and Sloan (1998) show that while Australia and the UK adopted different approaches to labour market reform, they
https://www.rba.gov.au/publications/rdp/2007/2007-04/data-method.html

Productivity Growth: The Effect of Market Regulations

1 Jun 2007 RDP 2007-04
Christopher Kent and John Simon
Research Discussion Paper – RDP 2007-04 Productivity Growth: The Effect of Market Regulations.
https://www.rba.gov.au/publications/rdp/2007/2007-04/

References

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
Elmeskov J, JP Martin and S Scarpetta (1998), ‘Key Lessons for Labour Market Reforms: Evidence from OECD Countries' Experience’, Swedish Economic Policy Review, 5(2), pp 205–252. ... and the Australian Labour Market, Proceedings of a Conference,
https://www.rba.gov.au/publications/rdp/2007/2007-04/references.html

Conclusion

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
Using data covering 18 OECD countries over the period 1974–2003, we explore the effects of product and labour market regulations on aggregate TFP growth for the business sector. ... However, these results are sensitive to changing the measure of labour
https://www.rba.gov.au/publications/rdp/2007/2007-04/conclusions.html

Introduction

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
We argue that, in addition, the interaction of product and labour market flexibility might also be important for TFP growth. ... Section 5 investigates the effects of using alternative measures of labour market regulation and Section 6 concludes.
https://www.rba.gov.au/publications/rdp/2007/2007-04/introduction.html

Literature Review

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
The common explanation for these different behaviours was differences in labour market institutions. ... Hornstein et al show that differences in labour market institutions affect the changes in unemployment and wage inequality arising from a technology
https://www.rba.gov.au/publications/rdp/2007/2007-04/literature-review.html

Appendix A: Data Description and Sources

31 Dec 2007 RDP 2007-04
Christopher Kent and John Simon
RDP 2007-04: Productivity Growth: The Effect of Market Regulations Appendix A: Data Description and Sources. ... where: α. it. is labour's share of income in country i at time t; CoE.
https://www.rba.gov.au/publications/rdp/2007/2007-04/appendix-a.html