Melbourne Institute of Applied Economic and Social Research - Research Publications

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Start date: 2001 × End date: 2004 × Subject: Applied Economics ×

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Now showing 1 - 5 of 5
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    Temporary layoffs and split population models
    Mavromaras, KG ; Orme, CD (Wiley, 2004-01)
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    The labour market for nursing: a review of the labour supply literature
    Antonazzo, E ; Scott, A ; Skatun, D ; Elliott, RF (WILEY, 2003-06)
    The need to ensure adequate numbers of motivated health professionals is at the forefront of the modernisation of the UK NHS. The aim of this paper is to assess current understanding of the labour supply behaviour of nurses, and to propose an agenda for further research. In particular, the paper reviews American and British economics literature that focuses on empirical econometric studies based on the classical static labour supply model. American research could be classified into first generation, second generation and recent empirical evidence. Advances in methods mirror those in the general labour economics literature, and include the use of limited dependent variable models and the treatment of sample selection issues. However, there is considerable variation in results, which depends on the methods used, particularly on the effect of wages. Only one study was found that used UK data, although other studies examined the determinants of turnover, quit rates and job satisfaction. The agenda for further empirical research includes the analysis of discontinuities in the labour supply function, the relative importance of pecuniary and non-pecuniary job characteristics, and the application of dynamic and family labour supply models to nursing research. Such research is crucial to the development of evidence-based policies.
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    Learning and the monetary policy strategy of the European Central Bank
    Lim, GC ; McNelis, PD (Elsevier BV, 2004-11-01)
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    The effects of wealth and income on subjective well-being and ill-being
    Headey, B ; Wooden, M (WILEY, 2004-09)
    The accepted view among psychologists and, increasingly, economists is that household income has statistically significant but only small effects on measures of subjective well‐being. Income, however, is clearly an imperfect measure of the economic circumstances of households. Using data drawn from the 2002 wave of the Household, Income and Labour Dynamics in Australia (HILDA) Survey, this paper demonstrates that wealth, which can be viewed as providing a degree of economic security, is at least as important to well‐being and ill‐being as income.
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