Abstract
Over most of this century the Australian labour market has possessed two key institutional features: a high degree of craft trade unionism and a system of federal and state tribunals, which provide a centralised system of wage setting and dispute resolution. It is widely believed that these institutions exercise a considerable impact on the Australian labour market and impart a large degree of regulation and perhaps inflexibility.
R.G. Gregory anf J. Hagan, Department of Economics, Research School of Social Sciences, Australian National University. V. Ho is a graduate student at Stanford University. Most of the early work on unemployment duration was undertaken by L. McDermott in her honours thesis at Harvard University. The authors are grateful to Tim Hatton for constructive comments. Invaluable research assistance was provided by Eva Klug and Roslyn Anstie.
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Gregory, R.G., Ho, V., McDermott, L., Hagan, J. (1988). The Australian and US Labour Markets in the 1930s. In: Eichengreen, B., Hatton, T.J. (eds) Interwar Unemployment in International Perspective. NATO ASI Series, vol 43. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2796-4_11
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