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RBA Glossary definition for labour market

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

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Wages and concentration

20 Nov 2023 RDP 2023-02
Real wages growth has tended to be higher in local labour markets where the HHI has declined, providing some initial evidence that local labour market concentration is associated with lower wages. ... Errors clustered at the local market level. One
https://www.rba.gov.au/publications/rdp/2023/2023-02/wages-and-concentration.html

Labour Market Adjustment: Evidence on Interstate Labour Mobility

1 Dec 2009 RDP PDF 313KB
LABOUR MARKET ADJUSTMENT: EVIDENCE ON INTERSTATE LABOUR MOBILITY. Guy Debelle and James Vickery. ... The Queensland labour market has absorbed a large amount of labour over this time.
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9801.pdf

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
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Appendix A: The Specification of the Core Models

31 Dec 1977 RDP 1977-07
P.D. Jonson, R.W. Rankin and J.C. Taylor
k. real business fixed investment. L. demand for labour (employment). l. ... change in demand for labour. N. supply of labour (labour force).
https://www.rba.gov.au/publications/rdp/1977/7707/appendix-a.html
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Jobs or Hours? Cyclical Labour Market Adjustment in Australia

7 Sep 2017 RDP PDF 1259KB
Another possible explanation for the larger contribution of average hours to labour market. ... Hackworth 2010). Hiring costs are particularly high during periods of labour market tightness,.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-06.pdf

The Labour Market: Some Facts and Figures

31 Dec 1978 RDP 1978-02
P.D. Jonson, Ric Battellino and F. Campbell
RDP 1978-02: Unemployment: An Econometric Dissection 2. The Labour Market: Some Facts and Figures. ... A further influence on the labour market has been changes in output of goods and services.
https://www.rba.gov.au/publications/rdp/1978/7802/the-labour-market-some-facts-and-figures.html
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Appendix: Data Sources

1 Mar 1991 RDP 9102
Malcolm Edey and Jill Pleban
Labour force (ABS 6202.0), number employed, monthly, s.a. ANZ job vacancies series is a survey of the number of job advertisements appearing in major newspapers, published monthly by the
https://www.rba.gov.au/publications/rdp/1991/9102/appendix.html
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Explaining the Flattening Phenomenon

2 Oct 2008 RDP 2008-05
Ken Kuttner and Tim Robinson
account for the shift in labour's share of income that has occurred in the United States. ... Similarly, Borio and Filardo argue that increased openness of labour markets should attenuate the inflationary effects of output fluctuations.
https://www.rba.gov.au/publications/rdp/2008/2008-05/expl-flat.html
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Wage Growth Puzzles and Technology

1 Sep 2018 RDP 2018-10
Geoff Weir
This uncertainty or ‘fear of the unknown’ may itself be having an important impact on labour market behaviour. ... Declining union membership and labour market deregulation are common features across many western economies over recent decades.
https://www.rba.gov.au/publications/rdp/2018/2018-10/full.html
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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
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