Search: labour market
RBA Glossary definition for labour market
labour market – A collective term for employment, unemployment, participation rates and wages.
Search Results
Appendix B: Local Labour Market Definitions
1 Aug 2021
RDP
2021-09
within each local labour market (and less correlated across different local labour markets). ... labour markets would comprise regions with less synchronised market conditions.
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-b.html
Data
1 Aug 2021
RDP
2021-09
Another option would be to use the ABS ‘Statistical Area’ classifications to represent local labour markets. ... SA3s are also designed with administrative boundaries, rather than labour markets, in mind.
https://www.rba.gov.au/publications/rdp/2021/2021-09/data.html
Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
Standard models of the labour market also imply such nonlinearity (Petrosky-Nadeau and Zhang 2017). ... Our data cover 291 local labour markets at annual frequency over a 20-year period.
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
To help fill this gap, we study data on unemployment rates and wages growth across local labour markets over the past 20 years. ... The considerable variation in economic conditions across local labour markets allows us to infer the strength of the
https://www.rba.gov.au/publications/rdp/2021/2021-09.html
Robustness
1 Aug 2021
RDP
2021-09
This could affect our results if these compositional effects vary with the degree of labour market slack. ... observe in a tight labour market may simply reflect people working more hours on average, not increases in hourly wages.
https://www.rba.gov.au/publications/rdp/2021/2021-09/robustness.html
Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
https://www.rba.gov.au/publications/rdp/2021/2021-09/sections.html
Appendix C: Geographic Classifications and Robustness
1 Aug 2021
RDP
2021-09
Table C1: Robustness to Alternative Local Labour Market Classifications. Linear spline with kink at 4 per cent unemployment, 1998/99–2017/18. ... Our estimates are also robust to using SA4s to represent local labour markets (third column of Table C1).
https://www.rba.gov.au/publications/rdp/2021/2021-09/appendix-c.html
Non-technical summary for ‘Is the Phillips Curve Still a Curve? Evidence from the Regions’
31 Aug 2021
RDP
2021-09
To overcome this issue, we examine the relationship between wages growth and unemployment in 291 local labour markets across Australia over the past 20 years. ... data for local labour markets, so we restrict our analysis to the wages Phillips curve.
https://www.rba.gov.au/publications/rdp/2021/2021-09/non-technical-summary.html
Conclusion
1 Aug 2021
RDP
2021-09
The lack of historical experience of very low unemployment rates means that studying local labour markets in Australia is a fruitful way of understanding the nature of the Phillips curve at ... Although reliable CPI data are not available at the local
https://www.rba.gov.au/publications/rdp/2021/2021-09/conclusion.html
Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
SA2-level data on unemployment rates:. ‘Small Area Labour Markets’ statistics from the National Skills Commission, June quarter 2020 vintage. ... 5_labour_markets.do constructs our preferred classification of local labour markets, while 6_table_b1
https://www.rba.gov.au/publications/rdp/2021/2021-09/read-me.html