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RBA Glossary definition for OECD

OECD – The Organisation for Economic Co-operation and Development (OECD) is an organisation of 34 countries that seeks to promote policies that will improve the economic and social well-being of people.

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Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
One explanation that has received attention in recent years is the possibility of decreasing competition and increasing concentration among employers (OECD 2020). ... Of particular interest to academics and policymakers is the role of concentration in
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html

Introduction

1 Mar 2023 RDP 2023-02
Jonathan Hambur
This caused increasing speculation among academics and policymakers about whether deeper structural factors were weighing on wages growth (Lowe 2018; Australian Treasury 2017; Andrews et al 2019; OECD 2020). ... One explanation that has received
https://www.rba.gov.au/publications/rdp/2023/2023-02/introduction.html

References

1 Mar 2023 RDP 2023-02
Jonathan Hambur
OECD (Organisation for Economic Co-operation and Development) (2020), Competition in Labour Markets, Background Note, OECD, Paris. ... Available at <https://www.oecd.org/daf/competition/competition-concerns-in-labour-markets.htm>. OECD (2021), The Role
https://www.rba.gov.au/publications/rdp/2023/2023-02/references.html

Did Labour Market Concentration Lower Wages Growth Pre-COVID?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
I would like to thank Cyrille Schwellnus, Dan Andrews, Jeff Borland, Sephorah Mangin, and seminar participants at the RBA, the RBA Quantitative Macroeconomics workshop, the OECD, Treasury and the ATO ALIFE
https://www.rba.gov.au/publications/rdp/2023/2023-02/sections.html

Literature

1 Mar 2023 RDP 2023-02
Jonathan Hambur
Of particular interest to academics and policymakers is the role of concentration in labour markets (OECD 2020). ... This has been documented for the US (Lipsius 2018; Benmelech et al 2022), UK (Abel et al 2018), Austria (Jarosch et al 2019) and in
https://www.rba.gov.au/publications/rdp/2023/2023-02/literature.html

How concentrated are Australian markets?

1 Mar 2023 RDP 2023-02
Jonathan Hambur
In the sample of European countries examined in OECD (2021), markets with an HHI above 0.25 account for around 20 per cent employment, on average.
https://www.rba.gov.au/publications/rdp/2023/2023-02/how-concentrated-are-australian-markets.html