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- W1978407481 abstract "This article examines the linkages between long-term unemployment and two important recent debates in Australia: first, whether unemployment exhibits hysteresis tendencies; second, the nature of the relationship between unemployment and real wages. Our findings favour the hysteresis account in that the evidence rejects an equilibrium relationship between long-term and total unemployment. Also, the effect on real wages of an increase in the number of longterm unemployed is found to be both positive and significant." @default.
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- W1978407481 date "1991-10-01" @default.
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- W1978407481 title "The Macroeconomic Consequences of Long-Term Unemployment" @default.
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- W1978407481 doi "https://doi.org/10.1111/j.1467-8462.1991.tb00402.x" @default.
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