The Economics of Australian Labour Markets |
Contents
The supply of labour | 1 |
The demand for labour | 26 |
Education and training | 42 |
Copyright | |
13 other sections not shown
Common terms and phrases
Aborigines adaptive expectations aggregate analysis argued Australia average award rates award wages bargaining cent changes Chapter demand curve demand for labour discrimination discussed distribution dual labour market effect elasticity employed employers equal equation equilibrium estimates example females Figure firms full employment rate growth of money hence hypothesis incomes policies indifference curves inflation rate influence internal labour markets isoquant labour economics labour force level of unemployment lower males manorial marginal cost marginal products marginal revenue measured money wages monopsony MRPL NAIRU occupations output over-award overtime participation rates period Phillips curve price expectations price inflation proportion rate of growth rate of inflation rate of price rate of return rate of unemployment rates of pay ratio real wage relative sector skills supply Table theory trade unions unem unemployed unemployment rate unionised vacancies variables W₁ wage increases wage inflation wage rate wages policy