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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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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
Much of this literature focuses on medium-run employment effects, stemming from labour market scarring for workers (e.g. ... A version of the Beckers (2020) shock that does not purge market expectations, which we call ‘Beckers’.
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects

21 Dec 2023 RDP 2023-10
Kim Nguyen and Jonathan Hambur
investment, labour market, machine learning, productivity. This paper examines the factors associated with the adoption of cloud computing and artificial intelligence/machine learning, two emerging digital general-purpose technologies (GPT), as
https://www.rba.gov.au/publications/rdp/2023/2023-10.html
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References

19 Dec 2023 RDP 2023-09
Hambur J (2023), ‘Did Labour Market Concentration Lower Wages Growth Pre-COVID?’, RBA Research Discussion Paper No 2023-02. ... Morlacco M and D Zeke (2021), ‘Monetary Policy, Customer Capital, and Market Power’, Journal of Monetary Economics, 121
https://www.rba.gov.au/publications/rdp/2023/2023-09/references.html

The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey

27 Nov 2023 RDP 2023-08
Tanya Livermore, Jack Mulqueeney, Thuong Nguyen and Benjamin Watson
These questions will help inform policy as the Reserve Bank seeks to increase competition and reduce costs in the debit card market. ... LCR can lower merchants' payment costs and encourages competition in the debit card market.
https://www.rba.gov.au/publications/rdp/2023/2023-08/full.html
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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

Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

21 Sep 2023 RDP 2023-09
Jonathan Hambur
He produces two main measures: a preferred measure that also accounts for market expectations for the policy rate, and another version that does not. ... with access to international capital markets may be relatively more exposed to overseas credit
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html
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Firms' Price-setting Behaviour: Insights from Earnings Calls

11 Sep 2023 RDP 2023-06
Callan Windsor and Max Zang
DFD growth. 0.26 (contemporaneous). Labour costs. earnings calls sentiment. survey of labour costs. ... 10. Import costs. 21–23. 0.1. 1.5. 1.2. 11. 8. Labour costs.
https://www.rba.gov.au/publications/rdp/2023/2023-06/full.html
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Read me file

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
Input dataVAR data‘orthog_series.csv’. – Unemployment rate – ABS Labour Force Statistics, Australia, seasonally adjusted, %. – Employment – ABS Labour Force Statistics, Australia, seasonally adjusted, log100. – ... He C (2021), ‘Monetary
https://www.rba.gov.au/publications/rdp/2023/2023-04/read-me.html
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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia

22 Mar 2023 RDP 2023-03
Jonathan Hambur and Dan Andrews
e61 2022). Firms and product markets have become more stagnant: firms are less likely to enter and exit, the largest firms in industries have become more entrenched, and market concentration and ... And labour markets have also become less fluid: job
https://www.rba.gov.au/publications/rdp/2023/2023-03/full.html
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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? ... This may help explain surprisingly low wages growth pre-COVID, despite labour market concentration having remained constant.
https://www.rba.gov.au/publications/rdp/2023/2023-02.html
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