Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 48-56 |
| Number of pages | 9 |
| Journal | Australian Economic Review |
| Volume | 24 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 1991 |
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The Macroeconomic Consequences of Long‐Term Unemployment. / Flatau, Paul; Lewis, Philip E.T.; Rushton, Allison.
In: Australian Economic Review, Vol. 24, No. 4, 1991, p. 48-56.Research output: Contribution to journal › Article
TY - JOUR
T1 - The Macroeconomic Consequences of Long‐Term Unemployment
AU - Flatau, Paul
AU - Lewis, Philip E.T.
AU - Rushton, Allison
PY - 1991
Y1 - 1991
N2 - This article examines the linkages between long‐term unemployment and two important recent debates in Australia: first, whether unemployment exhibits hysteresis tendencies; second, the nature of the relationship between unemployment and real wages. Our findings favour the hysteresis account in that the evidence rejects an equilibrium relationship between long‐term and total unemployment. Also, the effect on real wages of an increase in the number of longterm unemployed is found to be both positive and significant. Copyright © 1991, Wiley Blackwell. All rights reserved
AB - This article examines the linkages between long‐term unemployment and two important recent debates in Australia: first, whether unemployment exhibits hysteresis tendencies; second, the nature of the relationship between unemployment and real wages. Our findings favour the hysteresis account in that the evidence rejects an equilibrium relationship between long‐term and total unemployment. Also, the effect on real wages of an increase in the number of longterm unemployed is found to be both positive and significant. Copyright © 1991, Wiley Blackwell. All rights reserved
U2 - 10.1111/j.1467-8462.1991.tb00402.x
DO - 10.1111/j.1467-8462.1991.tb00402.x
M3 - Article
VL - 24
SP - 48
EP - 56
JO - Australian Economic Review
JF - Australian Economic Review
SN - 0004-9018
IS - 4
ER -