Was There a Skills Shortage in Australia?

19 Pages Posted: 28 Dec 2009

See all articles by P. N. Raja Junankar

P. N. Raja Junankar

Western Sydney University - Department of Economics & Finance; University of New South Wales (UNSW) - Industrial Relations Centre; IZA Institute of Labor Economics

Abstract

The paper analyses the problem of a "skills shortage" in Australia. It begins with an analysis of the operation of a labour market in terms of stocks and flows of labour services and human capital acquisition. It discusses the definition of a skills shortage, why it persists, and then looks at evidence from Australia, in particular, the resource rich states of Queensland and Western Australia over the past decade. It discusses possible employer responses to a skills shortage. Finally, it discusses whether the government should intervene, and if so what policies may help to relieve a skills shortage.

Keywords: skill shortages, wage adjustments, migrants

JEL Classification: J24, J31, J48

Suggested Citation

Junankar, P. N. Raja, Was There a Skills Shortage in Australia?. IZA Discussion Paper No. 4651, Available at SSRN: https://ssrn.com/abstract=1528586 or http://dx.doi.org/10.2139/ssrn.1528586

P. N. Raja Junankar (Contact Author)

Western Sydney University - Department of Economics & Finance ( email )

Sydney, NSW 1797
Australia

University of New South Wales (UNSW) - Industrial Relations Centre

Kensington
High St
Sydney, NSW 2052
Australia

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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