From golden age to golden age
Subtitle: Australia's "great leap forward"?
By: by Paul Frijters, Bob Gregory
Contributors: Gregory, R. G. (Robert George)
Series: Discussion paper -- no. 2068; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2068
Publisher: IZA
Published: 2006
Place of publication: Bonn, Germany
Language: eng
Format: [electronic resource] :
Subjects: Economic conditions; Economic policy
Description: "The twenty-five years after WW 2 witnessed strong labour market institutions and beneficial labour market outcomes -- high wage growth and integration of low-skilled immigrants. Then came the macro shocks of the mid 1970s. Labour market outcomes deteriorated as full-time employment population ratios fell, particularly among males; unemployment and welfare use increased; and real wages grew slowly. The golden age passed. In response, successive governments have increasingly begun to dismantle the institutional framework. We address this transition within a simple long run graphical framework to help us marshal facts and arguments and to discuss the likely impact of institutional reform"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 4/6/2006.

Includes bibliographical references.

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Mode of access: World Wide Web.