From golden age to golden age: Australia's great leap forward?

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 2068

Classification and Topics

• Classification: Wirtschaft
• Subject: unemployment ; wage growth ; welfare use ; institutional reform ; Australia ; Wirtschaftsreform ; Sozialreform ; Australien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Frijters, Paul ; Gregory, Robert George
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/33459
• Last update: 10.03.2025, 11:42 AM CET