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The labor market in Australia, 2000–2016

Author

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  • Garry Barrett

    (University of Sydney, Australia, and IZA, Germany)

Abstract

Since 1991, the Australian economy has experienced sustained economic growth. Aided by the commodities boom and strong public finances, the Australian economy negotiated the global financial crisis without falling into recession. Over this period there were important structural changes, with increasing labor force participation among the elderly and the continuing convergence of employment and unemployment patterns for men and women. However, some recent negative trends include a rise in unemployment, especially long-term unemployment, a deteriorating youth labor market, and a stagnant gender earnings gap.

Suggested Citation

  • Garry Barrett, 2018. "The labor market in Australia, 2000–2016," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-11, July.
    • Handle: RePEc:iza:izawol:journl:2018:n:443
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    References listed on IDEAS

    as
    1. Greg Kaplan & Gianni La Cava & Tahlee Stone, 2018. "Household Economic Inequality in Australia," The Economic Record, The Economic Society of Australia, vol. 94(305), pages 117-134, June.
    2. Michael Coelli & Jeff Borland, 2016. "Job Polarisation and Earnings Inequality in Australia," The Economic Record, The Economic Society of Australia, vol. 92(296), pages 1-27, March.
    3. Richard Burkhauser & Markus Hahn & Roger Wilkins, 2015. "Measuring top incomes using tax record data: a cautionary tale from Australia," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 13(2), pages 181-205, June.
    4. Robert Breunig & Syed Hasan & Mosfequs Salehin, 2013. "The Immigrant Wage Gap and Assimilation in Australia: Does Unobserved Heterogeneity Matter?," The Economic Record, The Economic Society of Australia, vol. 89(287), pages 490-507, December.
    5. Jeff Borland & Michael Coelli, 2016. "Labour Market Inequality in Australia," The Economic Record, The Economic Society of Australia, vol. 92(299), pages 517-547, December.
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    Cited by:

    1. van Rens, Thijs, 2019. "Is Declining Union Membership Contributing to Low Wages Growth? Discussion," MPRA Paper 95413, University Library of Munich, Germany.

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    More about this item

    Keywords

    unemployment; real earnings; Australia;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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