The economics of Australian labour markets
This third edition of labour economics text has been expanded and extensively revised. Contains a new chapter on trade unions, and includes concepts for review and questions for discussion at the end of each chapter. Integrates theoretical material with data on Australian labour markets. Contains new sections on topics such as labour absence, reservation wages, implicit contract theory, efficiency wage theory, and the Accord. Includes an index. The author is Professor of Economics at Murdoch University.
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The supply of labour
Concepts for review
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31 March activity units age groups analysis Australia average total weekly award bargaining cent changes Chapter collective employment contracts decreased demand for labour discrimination distribution dual labour market duration economic effect efficiency wage elasticity Employment Contracts Act ended 31 March enterprise estimates example females Figure firm FTEs full-time equivalent growth higher Household Labour Force human capital income increase Index indifference curve Industrial Relations internal labour markets isocost isoquant labour costs labour economics labour force participation Labour Force Survey males marginal products marginal revenue maximising money wages MRPL negotiated occupations output overtime part-time percent percentage period PERSONS EMPLOYED Phillips curve population proportion qualifications rate of return real wage relative salary earners Section sector skills Source Statistics Statistics New Zealand stoppage supply Table theory trade unions unemployment rate wage and salary wage inflation wage rate weekly hours paid women workers Zealand