Hidden Unemployment and Older Male Workers
AbstractA number of policy reforms have recently been announced by the Commonwealth government to encourage greater labour force participation by older people in the context of an ageing society. These policy reforms are generally supply side in orientation such as the removal of the Mature Age Allowance, or restrictions to the Disability Support Pension. In this paper it is argued that these pensions have historically been used to accommodate otherwise unemployed older male workers. A number of methods are used to quantify the level of hidden unemployment within the older male population over recent decades. Estimates of adjusted unemployment rates, which include hidden as well as official unemployment, reveal a very dramatic picture of unutilised older male labour beneath relatively modest official unemployment rates. It is argued that without complementary employment policy addressing the labour demand side these policy reforms will achieve little except to reveal the previously high levels of hidden unemployment in official unemployment statistics.
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Bibliographic InfoPaper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp04-02.
Length: 22 pages
Date of creation: 2004
Date of revision:
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Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
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hidden unemployment; older male workers; employment policy;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-16 (All new papers)
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