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Aspects of Australian and U.S. Living Standards: The Disappointing Decades 1970-1990

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  • Gregory, R G

Abstract

One theme documents the parallel U.S. 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 percent Australian real wage increase relative to the United States. Since then, Australian real wages have remained constant, unemployment increased fourfold, and the male full-time employment-population ratio has fallen 25 percent. 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. Copyright 1993 by The Economic Society of Australia.

Suggested Citation

  • Gregory, R G, 1993. "Aspects of Australian and U.S. Living Standards: The Disappointing Decades 1970-1990," The Economic Record, The Economic Society of Australia, vol. 69(204), pages 61-76, March.
    • Handle: RePEc:bla:ecorec:v:69:y:1993:i:204:p:61-76
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    Citations

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    Cited by:

    1. Bob Gregory, 1999. "Children and the Changing Labour Market: Joblessness in Families with Dependent Children," CEPR Discussion Papers 406, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    2. David Ingles, 2000. "Rationalising the Interaction of Tax and social Security: Part II: Fundamental Reform Options," CEPR Discussion Papers 424, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    3. Robert G Gregory, 2012. "Living standards, terms of trade and foreign ownership: reflections on the Australian mining boom," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(2), pages 171-200, April.
    4. Frank Castles, 1999. "Decentralization and the Post-War Political Economy," CEPR Discussion Papers 399, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    5. 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.
    6. Peter Dawkins & John Freebairn, 1997. "Towards Full Employment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 30(4), pages 405-417.
    7. Keith A. Bender, 1998. "The Central Government‐Private Sector Wage Differential," Journal of Economic Surveys, Wiley Blackwell, vol. 12(2), pages 177-220, April.
    8. Kris Ivanovski & Sefa Awaworyi Churchill & John Inekwe, 2020. "Convergence in Income Inequality Across Australian States and Territories," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 148(1), pages 127-142, February.
    9. Longmire, Jim, 1995. "Changing Structure and Location of Australian Agriculture," 1995 Conference (39th), February 14-16, 1995, Perth, Australia 148803, Australian Agricultural and Resource Economics Society.
    10. James Vickery, 1999. "Unemployment and Skills in Australia," RBA Research Discussion Papers rdp1999-12, Reserve Bank of Australia.
    11. Gary Marks & John Ainley, 1999. "School Achievement and Labour Market Outcomes," CEPR Discussion Papers 408, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    12. Tom Valentine, 1993. "The Sources Of Unemployment: A Simple Econometric Analysis," Economic Papers, The Economic Society of Australia, vol. 12(4), pages 1-20, December.
    13. Ann Harding & Sue Richardson, 1998. "Unemployment and Income Distribution," RBA Annual Conference Volume (Discontinued), in: Guy Debelle & Jeff Borland (ed.),Unemployment and the Australian Labour Market, Reserve Bank of Australia.

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