January 2024
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1 Read
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January 2024
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1 Read
January 2019
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6 Reads
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9 Citations
SSRN Electronic Journal
January 2018
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18 Reads
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3 Citations
SSRN Electronic Journal
January 2017
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14 Reads
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2 Citations
SSRN Electronic Journal
January 2016
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5 Reads
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1 Citation
SSRN Electronic Journal
January 2016
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7 Reads
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10 Citations
SSRN Electronic Journal
January 2016
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7 Reads
SSRN Electronic Journal
January 2014
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16 Reads
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3 Citations
SSRN Electronic Journal
This paper presents an analysis of labour market dynamics, in particular of flows in the labour market and how they interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market performance. Our analysis has two special features. First, apart from the two labour market states – employment and unemployment – we consider a third state – out of the labour force. Second, we study net rather than gross flows, where net refers to the balance of flows between any two labour market states. Distinguishing a third state is important because the labour market flows to and from that state are quantitatively important. Focussing on net flows simplifies the complexity of interactions between the flows and allows us to perform a dynamic analysis in a structural vector-autoregression framework. We find that a shock to the net flow from unemployment to employment drives the unemployment rate and the participation rate in opposite directions while a shock to the net flow from not in the labour force to unemployment drives the rates in the same direction.
January 2014
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5 Reads
SSRN Electronic Journal
January 2014
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15 Reads
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3 Citations
SSRN Electronic Journal
This paper presents an analysis of labour market dynamics, in particular of flows in the labour market and how they interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment - we consider a third state - out of the labour force. Second, we study net rather than gross flows, where net refers to the balance of flows between any two labour market states. Distinguishing a third state is important because the labour market flows to and from that state are quantitatively important. Focussing on net flows simplifies the complexity of interactions between the flows and allows us to perform a dynamic analysis in a structural vector-autoregression framework. We �find that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in opposite directions while a shock to the net flow from not in the labour force to unemployment drives the rates in the same direction.
... The complex relationship between agricultural production and employment in this sector has been a debated topic. Several studies, including Lim et al. (2021), Altunöz (2019), and Ibragimov and Ibragimov (2017), have found a connection between production output and employment. This study employs a time series analysis to investigate this relationship at the sectoral level. ...
January 2019
SSRN Electronic Journal
... In times of recessions, the Okun coefficient tends to be higher than in periods of economic expansion due to decisions of firm owners to escape any hesitation in the layoff of workers during a recession. On the other side, in times of economic expansion firm owners prefer to increase overtime working hours than to increase employment (Lim, et al., 2018). A country-level analysis for EU28 also indicates similar results, higher Okun In the literature several factors can be recognized as influential ones to the Okun coefficient: ...
January 2018
SSRN Electronic Journal
... Autor et al. (2017) also find an increasing industry concentration in several sectors over the period 1980-2010. De Loecker and Eeckhout (2017, as well as Dixon and Lim, (2017) use firm-level markups as another indicator for market power and they find significantly increasing average markups over the last few decades in the US. ...
January 2017
SSRN Electronic Journal
... In other words, investigating the gender economic inclusive response to economic growth is worthwhile in understanding if the recent growth resurgence of the country has benefited women in terms of their involvement in the formal economic sector. Moreover, building on the approach adopted by Dixon et al. (2017), an extension of this study would be to estimate Okun's relationship using unemployment rates disaggregated by age, gender, industry, and region. ...
January 2016
SSRN Electronic Journal
... It was a derogatory term applied to economics in the mid-19th century by Thomas Carlyle who opposed its laissez-faire, free market orientation, particularly with respect to mobilization of labor. Carlyle favored enslavement of Blacks in the West Indies over the hiring of free labor to perform the work required in colonial plantation agriculture (see Dixon 2006). 2. Anderson and Dunn (2006) provide a compelling illustration of Galbraith's want-creation hypothesis in the practices of the corporations making tobacco products. ...
Reference:
Alternatives to the scarcity principle
February 2007
... This rate is consistent with RBA estimates of the current NAIRU (Ellis 2019), although some estimates point to a value as low as 3.3 per cent (Lye and McDonald 2019). As a point of comparison, the estimated timevarying equilibrium unemployment rate was about 5.0 per cent prior to the GFC (Lim, Dixon and Tsiaplias 2009). ...
July 2013
Economic Record
... Several studies have focused on the urban-regional dichotomy of the labour market and noted, for example, that regional differences in participation and unemployment rates persist and that urban labour markets are growing both in size and diversity at faster rates than regional labour markets. (Dixon and Shepherd, 2011;Cunningham and Davis, 2011) Using multi-level survey and census data for Australian non-metropolitan regions Baum et al. (2008) observed that the risk of labour underutilisation in non-metropolitan regions was associated with a range of individual characteristics and circumstances together with the characteristics of the local labour market. Thus, policy designed to address issues of labour underutilisation needs to focus on both supply and demand-sides of the labour market in order to be effective. ...
June 2011
Australian Economic Review
... Although a number of people have examined flow probabilities between various labour market states (Fahrer and Heath (1992), Leeves (1997), Dixon, et al. (2003)) no one appears to have examined the net flows between states, at least over long periods. 2 The next section of the paper sets out how the data set has been constructed and its origins. To keep things straight-forward we look only at seasonally adjusted data for persons. ...
February 2002
... Similarly, Creedy and Dixon (1998) find that the welfare loss associated with monopoly power for 14 commodity groups (including food, beverages and housing costs) is 46% higher for the poorest decile compared to the richest decile in Australia. Creedy and Dixon (2000) also elicit a similar result for New Zealand. In Kenya, Argent and Begazo (2015) find that allowing sugar and maize prices to fall by 20% by relaxing government policies that restrict competition would lead to welfare gains for all income groups. ...
December 2000
New Zealand Economic Papers
... We found that the conclusions from the simple correlation method and the 'beta' method are very similar to those from our reported R 2 results from regression analysis. 22 These results for our full sample are in line with the findings of Dixon et al. (2007) for a 1979:3– 2007:3 sample. They demonstrate that shocks to the unemployment entry rate were more important for unemployment dynamics in Australia than shocks to the unemployment exit rate. ...
June 2006