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Unemployment: still hoping for a miracle?

Quiggin, John

Description

The Australian unemployment rate has fallen to its lowest level since 1989, and looks likely to fall further, perhaps even reaching the rate of 5 per cent, widely regarded as "full employment". However, this relatively favourable outcome has been achieved only after a cyclical expansion so long and robust that it has been widely regarded as "miraculous". It is important, therefore, to consider whether recent reductions in unemployment will be maintained when the current expansion ends, and...[Show more]

dc.contributor.authorQuiggin, John
dc.date.accessioned2015-12-13T23:16:07Z
dc.date.available2015-12-13T23:16:07Z
dc.identifier.issn0143-7720
dc.identifier.urihttp://hdl.handle.net/1885/89240
dc.description.abstractThe Australian unemployment rate has fallen to its lowest level since 1989, and looks likely to fall further, perhaps even reaching the rate of 5 per cent, widely regarded as "full employment". However, this relatively favourable outcome has been achieved only after a cyclical expansion so long and robust that it has been widely regarded as "miraculous". It is important, therefore, to consider whether recent reductions in unemployment will be maintained when the current expansion ends, and whether alternative policies could produce stronger and more sustainable growth in employment.
dc.publisherMCB University Press
dc.sourceInternational Journal of Manpower
dc.subjectKeywords: Human capital theory; Public sector; Unemployment
dc.titleUnemployment: still hoping for a miracle?
dc.typeJournal article
local.description.notesImported from ARIES
local.description.refereedYes
local.identifier.citationvolume21
dc.date.issued2000
local.identifier.absfor140211 - Labour Economics
local.identifier.ariespublicationMigratedxPub19204
local.type.statusPublished Version
local.contributor.affiliationQuiggin, John, College of Business and Economics, ANU
local.bibliographicCitation.startpage374
local.bibliographicCitation.lastpage383
dc.date.updated2015-12-12T08:46:41Z
local.identifier.scopusID2-s2.0-0034371711
CollectionsANU Research Publications

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