Chancellery Research - Research Publications

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Subject: Applied Economics × Author: BUDDELMEYER, HIELKE ×

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    Low-Paid Employment and Unemployment Dynamics in Australia
    Buddelmeyer, H ; Lee, W-S ; Wooden, M (WILEY, 2010-03)
    This article uses longitudinal data from the Household, Income and Labour Dynamics in Australia (or HILDA) Survey to examine the extent to which the relatively high rates of transition from low‐paid employment into unemployment are the result of disadvantageous personal characteristics or are instead a function of low‐paid work itself. Dynamic random effects probit models of the likelihood of unemployment are estimated. After controlling for unobserved heterogeneity and initial conditions, we find that, relative to high‐paid employment, low‐paid employment is associated with a higher risk of unemployment, but this effect is only significant among women. We also find only weak evidence that low‐paid employment is a conduit for repeat unemployment.
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    Innovation and the determinants of company survival
    Buddelmeyer, H ; Jensen, PH ; Webster, E (OXFORD UNIV PRESS, 2010-04)
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    Innovation, Technological Conditions and New Firm Survival
    Jensen, PH ; Webster, E ; Buddelmeyer, H (WILEY-BLACKWELL, 2008-12)
    High neonatal mortality is one of the most salient ‘facts’ about firm performance in the industrial organisation literature. We model firm survival and examine the relative influence of firm, industry and macroeconomic factors on survival for new vis‐à‐vis incumbent firms in Australia. In particular, we focus on how the intensity of innovation in each industry relates to firm survival. Our results imply that while new firms thrive in risky and innovative industries, they are also more susceptible to business cycle effects such as changes in the rate of growth of industry profits and the availability of equity finance.