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    The elasticity of demand for labour in Australia

    Access Status
    Fulltext not available
    Authors
    Lewis, Philip
    MacDonald, Garry
    Date
    2002
    Type
    Journal Article
    
    Metadata
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    Citation
    Lewis, Philip E. T. and MacDonald, Garry. 2002. The elasticity of demand for labour in Australia. Economic Record. 78 (240): pp. 18-31.
    Source Title
    Economic Record
    DOI
    10.1111/1475-4932.00036
    ISSN
    00130249
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/30214
    Collection
    • Curtin Research Publications
    Abstract

    The elasticity of demand for labour at the aggregate level is an important parameter for macroeconomic analysis. In particular, policy issues concerning the impact of wage falls on employment and unemployment hinge on the size of this parameter. It is argued in the present paper that previous work on the elasticity demand for labour in Australia has been unsatisfactory in a number of ways. A new set of estimates is provided that are derived using a better methodology than before.

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