Melbourne Institute of Applied Economic and Social Research - Research Publications
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ItemLabour market models of unemployment in Australia( 2000-09)This paper reviews evidence on the equilibrium rate of unemployment and on causes of unemployment in Australia from empirical modelling of labour market outcomes. Three main types of models are reviewed - Phillips curve models; Multi-equation models; and Beveridge curve models. The paper begins with a simple review of labour market theory in order to provide some motivation for the empirical approaches that are examined. In the main part of the paper the three modelling approaches are reviewed. For each model the estimation methodology is described, main results on causes of unemployment from that approach are summarised, and an evaluation of the model is made.
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ItemDisaggregated models of unemployment in Australia( 2000-09)This paper reviews evidence on causes of unemployment in Australia from disaggregated modelling of the labour market. Three main types of modelling are considered. First, information on unemployment rates of labour force participants with different skills is presented, and analyses that seek to explain why unemployment varies between skill groups are described. Second, descriptive evidence on unemployment rates by state and neighbourhood is presented, and possible causes of regional differences in unemployment rates are assessed. Third, descriptive information on the distribution of unemployed persons by duration of unemployment spell is presented, and studies of the determinants of the duration of unemployment spells are summarised.