Modelling labour market transitions in Australia
This thesis investigates issues relating to two aspects of unemployment that has gained importance in recent years. The first aspect concerns the growing numbers of hidden unemployed in the economy. The implications of this phenomenon for economic analysis is demonstrated by its impact on the macroeconomic analysis of the unemployment-vacancy relationship. A simple stock-flow model is used to predict the effect of hidden unemployment on the UV loci. A systematic approach to estimation of...[Show more]
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