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- Title
The Elasticity of Demand for Labour in Australia.
- Authors
Lewis, Philip E. T.; MacDonald, Garry
- Abstract
The elasticity of demand for labour at the aggregate level is an important parameter for macroeconomic analysis. In particular, policy issues concerning the impact of wage falls on employment and unemployment hinge on the size of this parameter. It is argued in the present paper that previous work on the elasticity of demand for labour in Australia has been unsatisfactory in a number of ways. A new set of estimates is provided that are derived using a better methodology than before.
- Subjects
AUSTRALIA; ELASTICITY (Economics); LABOR
- Publication
Economic Record, 2002, Vol 78, Issue 240, p18
- ISSN
0013-0249
- Publication type
Article
- DOI
10.1111/1475-4932.00036