The elasticity of demand for labour in Australia

Lewis, Philip; MacDonald, Garry

doi:10.1111/1475-4932.00036

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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.