Why are recessions as deep as they are? The behaviour over time of the outflow from unemployment: a new perspective
AbstractThis paper addresses five related questions. What are the ‘stylised facts’ about the behaviour of flows into and out of unemployment and the Unemployment Rate in Australia, especially in recessions? Why does the number of persons flowing out of Unemployment rise in recessions? How does outflow behaviour affect the severity of recessions? What has been the history of the probability of any one unemployed person exiting unemployment and what is the elasticity of this probability with respect to the Unemployment Rate? What are the consequences of our findings for the likely future severity of recessions?
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Bibliographic InfoArticle provided by The Centre for Labour Market Research (CLMR), Curtin Business School in its journal Australian Journal of Labour Economics.
Volume (Year): 6 (2003)
Issue (Month): 1 (March)
Contact details of provider:
Web page: http://www.business.curtin.edu.au/business/research/journals-published-by-cbs/australian-journal-of-labour-economics
Macroeconomics; employment; Unemployment; Models;
Other versions of this item:
- Robert Dixon & John Freebairn & G. C. Lim, 2002. "Why Are Recessions As Deep As They Are? The Behaviour Over Time Of The Outflow From Unemployment: A New Perspective," Department of Economics - Working Papers Series 842, The University of Melbourne.
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Burgess, Simon M., 1994. "Matching models and labour market flows," European Economic Review, Elsevier, vol. 38(3-4), pages 809-816, April.
- Dixon, R. & Lim, G.C. & Thomson, J., 2001.
"Australian Gross Flows Data: The Labour Force Survey and the Size of the Population Represented by the Matched Sample,"
Department of Economics - Working Papers Series
810, The University of Melbourne.
- Robert Dixon & G.C. Lim, 2002. "Australian gross flows data: the labour force survey and the size of the population represented by the matched sample," Australian Journal of Labour Economics (AJLE), The Centre for Labour Market Research (CLMR), Curtin Business School, vol. 5(1), pages 1-21, March.
- Dixon, R., 2001. "Australian Labour Force Data: How Representative is the 'Population Represented by the Matched Sample'?," Department of Economics - Working Papers Series 772, The University of Melbourne.
- William Foster, 1981. "Gross Flows in the Australian Labour Market A First Look," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 14(4), pages 57-64.
- Poterba, James M & Summers, Lawrence H, 1995. "Unemployment Benefits and Labor Market Transitions: A Multinomial Logit Model with Errors in Classification," The Review of Economics and Statistics, MIT Press, vol. 77(2), pages 207-16, May.
- Burda, Michael C & Wyplosz, Charles, 1993.
"Gross Worker and Job Flows in Europe,"
CEPR Discussion Papers
868, C.E.P.R. Discussion Papers.
- Jeff Borland, 1990. "Unemployment in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 23(1), pages 41-51.
- Robert Dixon & John Freebairn & G. C. Lim, 2004. "A Framework For Understanding Changes In The Unemployment Rate In A Flows Context: An Examination Net Flows In The Australian Labour Market," Department of Economics - Working Papers Series 910, The University of Melbourne.
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