The outcomes of the labour market were the major economic and social problems of OECD countries. Inflation virtually disappeared, material standards of living on average were high, but 35 million people remained unemployed, inequality of earnings was rising and the establishment of regular employment was increasingly difficult for young people. In this 2000 book, a team of leading economists take Australia as a case study in which to examine whether regulation of the labour market assists or detracts from the achievement of desirable labour market outcomes. Attention is focused especially on the provision of adequate incomes and jobs for low-skilled workers, because this is the area in which labour markets around the world, including Australia, have failed most seriously in the past.
• Contributors are Australia's most prominent labour market economists • Illustrated by use of many tables and figures • Written in an engaging, lucid style
1. Regulation of the labour market Sue Richardson; 2. Labour market deregulation in Australia Keith Hancock; 3. Wage regulation, low-wage workers, and employment Jeff Borland and Graeme Woodbridge; 4. Poor workers? The link between low wages, low family income and the tax and transfer systems Sue Richardson and Ann Harding; 5. Labour market regulation and low wages: taking a lifetime perspective Deborah Mitchell; 6. Could increasing the skills of the jobless be the solution to Australian unemployment? Bruce J. Chapman; 7. Labour market deregulation, relative wages and the social security system R. G. Gregory, E. Klug and Y. M. Martin.