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Australia's Unemployment Problem

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  • A.T. Le
  • P.W. Miller

Abstract

A number of Australian studies have provided microeconomic and macroeconomic perspectives on the causes of, and solutions to, Australia's unemployment problem. This paper provides an evaluation of these studies. Several important findings can be noted. First, from the cross‐sectional studies economists have gained a good understanding of the factors contributing to a high probability of unemployment. Effective use is currently being made of this information. Second, there is general consensus from the time‐series studies regarding the estimates of the aggregate labour demand wage and output elasticities. In addition, it has been widely acknowledged that lower real wages and economic growth would help reduce the high rate of unemployment. Despite the information available we are making slow progress towards reducing the unemployment rate. This may be due to political reasons or because we are unsure of how to deliver the wage cuts and faster rates of economic growth presented as solutions to the unemployment problem.
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  • A.T. Le & P.W. Miller, 2000. "Australia's Unemployment Problem," Economics Discussion / Working Papers 00-03, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:00-03
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    6. P. N. Junankar & Satya Paul & Wahida Yasmeen, 2010. "Are Asian Migrants Discriminated Against In The Labor Market? A Case Study Of Australia," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(04), pages 619-646.
    7. Halabi, Izdehar & kourani, Jana, 2021. "Determinants of Unemployment Status: Indicating College Majors that reduces the Unemployment Status in Lebanon," MPRA Paper 111702, University Library of Munich, Germany, revised 08 Feb 2022.
    8. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, December.
    9. K.W. Clements, 2000. "Lower Energy Costs and the WA Economy: A general equilibrium analysis," Economics Discussion / Working Papers 00-13, The University of Western Australia, Department of Economics.
    10. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.
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