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- Title
A Characterization of Australian Unemployment Compensation: An Analysis of Labour Market Adjustment.
- Authors
Gaston, Noel
- Abstract
This paper uses a labour contracting framework to analyze the macroeconomics of the Australian unemployment compensation system. We find that employers adjust labour inputs by using layoffs rather than shortened workweeks or work-sharing during economic recessions. Increases in government benefits tend to reinforce this results. Countervailing influences are shown to be the severity of the income test applying to benefits eligibility and the Family Allowance Supplement in its role as supplementing the income of low-income families.
- Subjects
AUSTRALIA; UNEMPLOYMENT insurance; LABOR contracts; ECONOMETRIC models
- Publication
Economic Record, 1992, Vol 68, Issue 202, p247
- ISSN
0013-0249
- Publication type
Article
- DOI
10.1111/j.1475-4932.1992.tb01771.x