A longer run perspective on Australian unemployment
Unemployment has been at unacceptable levels for at least twenty-five years and is probably Australia’s most serious economic and social problem. Emphasising the economics of the unemployment problem and focussing mainly on the labour market, a historical approach was used which viewed unemployment as consisting of two parts: a cyclical component and an underlying component, divided into three historical periods: 1950 to the early-mid 1970s; early-mid 1970s to the early 1980s and early 1980s...[Show more]
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