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An analysis of unemployment : Australia, 1964-73


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Hart, DJ 1977 , 'An analysis of unemployment : Australia, 1964-73', Unspecified thesis, University of Tasmania.

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The objective of this thesis is to analyse the nature of
unemployment in the Australian labour market, particularly that
unemployment remaining when the economy is at or near full employment.
The key concepts and definitions embodied in the method of
approach to the study of unemployment are outlined in chapter 1.
Since the late 1950's there has been continued growth in the
literature relating to the study of unemployment other than demand-deficient
unemployment. A review of this literature, presented in
chapter 2, resulted in a decision to base the analysis of unemployment
largely on the unemployment-vacancy relationship and the use
thereof in estimating the level of non demand-deficient unemployment.
Chapter 3 presents the analytical framework for the analysis
of unemployment and includes an outline of the aggregate labour
market, testing of the unemployment-vacancy relationship, the relationship
between flows in the labour market and unemployment and unfilled
vacancies, aggregate supply and demand factors and testing the
sectoral determinants of non demand-deficient unemployment.
To undertake the analysis of unemployment and testing of relationships
outlined in chapter 3, data are required for the following :
unemployment and unfilled vacancies, supply and demand variables,
unemployment and vacancy flows, labour turnover, sectoral unemployment
and unfilled vacancies. Data requirements and availability for the
period 1964-73 are considered in chapter 4.
Preliminary observations indicated that changes in the position
of the aggregate unemployment-vacancy relationship and, thus in the
level of non demand-deficient unemployment, occurred in 1967 and 1972.
The aggregate unemployment-vacancy relationship was estimated and
tested for stability in chapter 5. This testing confirmed that two
changes in the position of the aggregate unemployment-vacancy relationship
took place in the period 1964-73, reflecting firstly a decrease
and subsequently an increase in the level of non demand-deficient
unemployment. Estimates of non demand-deficient unemployment are
presented in chapter 5 and a series on demand-deficient unemployment
is derived.
Chapter 6 examines the behaviour of the incidence and duration
of both unemployment and unfilled vacancies, labour turnover and
supply and demand variables. A general increase in the incidence of
both unemployment and unfilled vacancies is apparent for the period
1964-73 and this reflects an increase in labour turnover. The testing
of supply and demand variables produced unsatisfactory results.

A change in the position of the aggregate unemployment-vacancy
relationship may be the result of a redistribution of demand between
sectors, a change in the relative importance of sectors in the labour
force or changes in sectoral unemployment-vacancy relationships. Chapter
7 looks at sectors of the labour force ( age-sex, regions, occupations
and industries). The findings indicate that the changes in
the aggregate labour market are not uniform throughout the sectors and
that a combination of factors is responsible for changes in aggregate
non demand-deficient unemployment.
A summary of the findings of the analysis together with conclusions
that emerge from the study are presented in chapter 8.

Item Type: Thesis - Unspecified
Authors/Creators:Hart, DJ
Keywords: Unemployed, Employment (Economic theory)
Copyright Holders: The Author
Copyright Information:

Copyright 1977 the Author - The University is continuing to endeavour to trace the copyright owner(s) and in the meantime this item has been reproduced here in good faith. We would be pleased to hear from the copyright owner(s).

Additional Information:

Thesis (M.Ec.)--University of Tasmania, 1978. Bibliography: l. 337-344

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