Disequilibrium in the Australian aggregate labour market
The predictions and policy prescriptions of monetarism rest heavily on the assumption of equilibrium in the labour market. A neoclassical model of the labour market is applied to Australian aggregate data allowing a direct test of the equilibrium versus disequilibrium hypotheses.
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| Veröffentlicht in: | Economics letters 1983, Vol.11 (1), p.185-189 |
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| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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| Zusammenfassung: | The predictions and policy prescriptions of monetarism rest heavily on the assumption of equilibrium in the labour market. A neoclassical model of the labour market is applied to Australian aggregate data allowing a direct test of the equilibrium versus disequilibrium hypotheses. |
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| ISSN: | 0165-1765 1873-7374 |
| DOI: | 10.1016/0165-1765(83)90183-0 |