Research Repository

From Golden Age to Golden Age: Australia's 'Great Leap Forward'?*

Frijters, Paul and Gregory, Robert (2006) From Golden Age to Golden Age: Australia's 'Great Leap Forward'?*. The Economic Record, 82 (257). pp. 207-224. ISSN 0013-0249

Full text for this resource is not available from the Research Repository.

Abstract

The 25 years after World War II witnessed strong labour market institutions and beneficial labour market outcomes – high wage growth and integration of low-skilled immigrants. Then came the macro shocks of the mid-1970s. Labour market outcomes deteriorated as full-time employment–population ratios fell, particularly among men; unemployment and welfare use increased; and real wages grew slowly. The golden age passed. In response, successive governments have increasingly begun to dismantle the institutional framework. We address this transition within a simple long-run graphical framework to help us marshal facts and arguments and to discuss the likely impact of institutional reform.

Item Type: Article
Uncontrolled Keywords: ResPubID18413, Australian labour market reforms, wage growth, welfare use
Subjects: Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
FOR Classification > 1402 Applied Economics
SEO Classification > 9199 Other Economic Framework
Depositing User: VUIR
Date Deposited: 23 Apr 2012 04:05
Last Modified: 03 Dec 2014 23:06
URI: http://vuir.vu.edu.au/id/eprint/2971
ePrint Statistics: View download statistics for this item

Repository staff only

View Item View Item

Search Google Scholar