The Elasticity of Demand for Labour in Australia

13 Pages Posted: 4 Jan 2003

See all articles by Phil Lewis

Phil Lewis

University of Canberra - School of Business and Government

Garry MacDonald

Curtin University - School of Economics and Finance

Abstract

The elasticity of demand for labour at the aggregate level is an important parameter for macroeconomic analysis. In particular, policy issues concerning the impact of wage falls on employment and unemployment hinge on the size of this parameter. It is argued in the present paper that previous work on the elasticity of demand for labour in Australia has been unsatisfactory in a number of ways. A new set of estimates is provided that are derived using a better methodology than before.

Suggested Citation

Lewis, Phil E. T. and MacDonald, Garry, The Elasticity of Demand for Labour in Australia. Economic Record, Vol. 78, pp. 18-30, 2002. Available at SSRN: https://ssrn.com/abstract=312215

Phil E. T. Lewis

University of Canberra - School of Business and Government ( email )

Canberra, ACT 2601
Australia

Garry MacDonald (Contact Author)

Curtin University - School of Economics and Finance ( email )

GPO Box U 1987
Perth, Western Australia 6845
Australia
+61 892267724 (Phone)

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