Modelling labour market transitions in Australia
Hui, Weng T
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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