Cyclical flows in Australian labour markets

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

We show that Australian labour markets became more flexible after 1980, but most gains occurred before 1993. We find large and significant procyclical effects in the transition probabilities from unemployment to jobs, which contribute significantly to the variations of unemployment. Transitions from jobs to unemployment are countercyclical, but the effects are small and insignificant. Job-losing and job-finding are both important for the evolution of unemployment over the whole business cycle, but during recessions, job-finding is a bigger issue. For women, part-time transitions are more important.
Original languageEnglish
Title of host publicationProceedings of the 38th Australian Conference of Economists, 28-30 September 2009, University of Adelaide, Adelaide, South Australia.
EditorsJuan E. Guerrero
Place of PublicationAdelaide
PublisherEconomic Society of Australia
Pages1-32
Number of pages32
Publication statusPublished - 2009
EventAustralian Conference of Economists (38th : 2009) - Adelaide
Duration: 28 Sep 200930 Sep 2009

Conference

ConferenceAustralian Conference of Economists (38th : 2009)
CityAdelaide
Period28/09/0930/09/09

Keywords

  • labour market flows
  • unemployment
  • transition probabilities
  • business cycles

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