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 aggregate demand analysis Australia award cent changes Chapter characteristics competition cºn cºu decrease demand for labour discrimination discussed distribution dual labour market economic effect efficiency wage employed employers employment contracts estimates example expectations February females Figure firm FTEs full employment rate full-time full-time equivalent hence higher Household Labour Force human capital income increase Index indifference curve individual Industrial Relations internal labour markets isoquant labour costs labour economics Labour Force Survey males marginal products maximising money wages MRPL NAIRU occupations output overtime part-time participation rates percent percentage period persons Phillips curve population primary sector proportion rate of return rate of unemployment real wage relative secondary sector Section skills Source Statistics Statistics New Zealand stoppage supply Table theory trade unions unemployment rates wage and salary wage inflation wage rate wages policy weekly earnings weekly hours paid women workers Zealand