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1–10 of 11 collapsed search results for FWC

RBA Glossary definition for FWC

FWC – Fair Work Commission

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The Effect of Minimum Wage Increases on Wages, Hours Worked and Job Loss

1 May 2018 RDP 2018-06
James Bishop
The size of these adjustments is decided at a national level by the FWC. ... FWC (Fair Work Commission) (2017), ‘Decision – Annual Wage Review 2016–17’, [2017] FWCFB 3500.
https://www.rba.gov.au/publications/rdp/2018/2018-06/full.html

Results

6 May 2018 RDP 2018-06
James Bishop
I present separate estimates using the full sample and a sample that omits the first four FWC decisions (1998–2001). ... 2008. I find no evidence of any placebo effect when estimating the DDD model for the 2009 FWC decision (Table 4).
https://www.rba.gov.au/publications/rdp/2018/2018-06/results.html

Robustness Checks

6 May 2018 RDP 2018-06
James Bishop
k. control). A more flexible parametisation is to use separate dummy variables for each award wage decile prior to FWC decisions. ... My baseline results also assume that award wages are adjusted shortly after the FWC announcement.
https://www.rba.gov.au/publications/rdp/2018/2018-06/robustness-checks.html

Empirical Strategy

6 May 2018 RDP 2018-06
James Bishop
Download the Paper 1,216. KB. I focus on jobs paid exactly an award wage prior to each FWC decision. ... FWC. k. is the log change in award wages for wage group k due to the FWC decision.
https://www.rba.gov.au/publications/rdp/2018/2018-06/empirical-strategy.html

Introduction

6 May 2018 RDP 2018-06
James Bishop
Up until the late 2000s, the FWC was routinely announcing uniform dollar increases to all awards each year, regardless of their current level. ... The FWC is an independent body with responsibility for adjusting minimum and award wages.
https://www.rba.gov.au/publications/rdp/2018/2018-06/introduction.html

Discussion

6 May 2018 RDP 2018-06
James Bishop
These findings are consistent with the international evidence and the FWC's (2017) current assessment of that evidence base. ... Footnote. In its most recent review of award wages, the FWC (2017) cited international research that ‘modest and regular’
https://www.rba.gov.au/publications/rdp/2018/2018-06/discussion.html

Flat Dollar Adjustments over 1998–2008

6 May 2018 RDP 2018-06
James Bishop
For example, in May 2000, the FWC increased all award wages by 39 cents per hour. ... In 2010, the FWC began a process of consolidating 1,500 ‘pre-modern awards’ into 122 ‘modern awards’.
https://www.rba.gov.au/publications/rdp/2018/2018-06/flat-dollar-adjustments-over-1998-2008.html

Minimum Wages Policy in Australia

6 May 2018 RDP 2018-06
James Bishop
The size of these adjustments is decided at a national level by the FWC. ... In particular, I exploit changes to the entire distribution of minimum and award wages stemming from FWC decisions.
https://www.rba.gov.au/publications/rdp/2018/2018-06/minimum-wages-policy-in-australia.html

References

6 May 2018 RDP 2018-06
James Bishop
FWC (Fair Work Commission) (2017), ‘Decision – Annual Wage Review 2016–17’, [2017] FWCFB 3500.
https://www.rba.gov.au/publications/rdp/2018/2018-06/references.html

Previous Literature

6 May 2018 RDP 2018-06
James Bishop
Using administrative data for the period 2008 to 2013, they studied employment transitions around FWC decisions using a difference-in-differences strategy.
https://www.rba.gov.au/publications/rdp/2018/2018-06/previous-literature.html