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• W135536145 abstract "The Australian labour market is in a constant state of adjustment to external and internal shocks. Changes in aggregate demand, tastes and preferences, technology, institutions and government policies, and world trade conditions are examples of secular, cyclical and random forces for change. They induce changes in decisions of households to offer labour and acquire skills, and in decisions of firms to hire labour. Price, quantity and quality signalling mechanisms are involved in directing and co-ordinating labour market responses to the shocks. This paper reviews the literature on the underlying demand and supply functions, and the adjustment mechanisms for the Australian labour market in aggregate, and for components such as occupations, industries, skill levels, gender, age, regions and hours of work. In particular, it focuses on insights provided about unemployment and its composition." @default.
• W135536145 created "2016-06-24" @default.
• W135536145 creator A5007364235 @default.
• W135536145 date "1998-01-01" @default.
• W135536145 modified "2023-09-27" @default.
• W135536145 title "Microeconomics of the Australian Labour Market" @default.
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• W135536145 hasPublicationYear "1998" @default.
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