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Aspects of Australian and US Living Standards: The Disappointing Decades 1970–1990

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  • R.G. GREGORY

Abstract

One theme documents the parallel US and Australian histories of real wages, employment and unemployment since 1950 and notes the break in relativities in the mid 1970s which began with a 30 per cent Australian real wage increase relative to the US. Since then Australian real wages have remained constant, unemployment increased fourfold and the male full‐time employment‐population ratio fallen 25 per cent The other theme relates to the widening dispersion of male real wages, the large job loss from the middle of the earnings distribution and rapid employment growth at low earnings

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  • R.G. Gregory, 1993. "Aspects of Australian and US Living Standards: The Disappointing Decades 1970–1990," The Economic Record, The Economic Society of Australia, vol. 69(1), pages 61-76, March.
    • Handle: RePEc:bla:ecorec:v:69:y:1993:i:1:p:61-76
    DOI: 10.1111/j.1475-4932.1993.tb01799.x
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    1. Sheila M Rimmer & David Bell & Russell Rimmer, 1992. "Earnings Inequality in Great Britain 1975-1990 The Role of Age," Working Papers 1992.01 EDIRC Provider-In, School of Economics, La Trobe University.
    2. Steven J. Davis, 1992. "Cross-Country Patterns of Change in Relative Wages," NBER Chapters, in: NBER Macroeconomics Annual 1992, Volume 7, pages 239-300, National Bureau of Economic Research, Inc.
    3. Levy, Frank & Murnane, Richard J, 1992. "U.S. Earnings Levels and Earnings Inequality: A Review of Recent Trends and Proposed Explanations," Journal of Economic Literature, American Economic Association, vol. 30(3), pages 1333-1381, September.
    4. King, J E & Rimmer, R J & Rimmer, S M, 1992. "The Law of the Shrinking Middle: Inequality of Earnings in Australia 1975-1989," Scottish Journal of Political Economy, Scottish Economic Society, vol. 39(4), pages 391-412, November.
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