Economics at your fingertips  

Labour market reform and the macroeconomic efficiency of the labour market in Australia

A. Stegman and T. Stegman
Authors registered in the RePEc Author Service: Alison Stegman ()

Cambridge Journal of Economics, 2004, vol. 28, issue 5, 743-766

Abstract: This paper assesses the effects of a decade and a half of labour market reform in Australia on labour market flexibility at the macroeconomic level. Increased labour market flexibility is interpreted as reduced structural unemployment and enhanced efficiency of matching. We use shifts in the Beveridge Curve as a measure of changes in labour market efficiency (following Solow, R., What is labour-market flexibility? What is it good for?, Keynes Lecture, British Academy, London, December, 1997). Time series analysis of unemployment, vacancies and other relevant variables strongly suggests that changes in the efficiency of labour market matching over the period reflect the cyclical effects of hysteresis rather than the effects of labour market reform. Copyright 2004, Oxford University Press.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press () and Christopher F. Baum ().

Page updated 2021-06-15
Handle: RePEc:oup:cambje:v:28:y:2004:i:5:p:743-766