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Labour Market Outcomes in the UK, NZ, Australia and the US: Observations on the Impact of Labour Market and Economic Reforms

Author

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  • Bob Gregory

Abstract

In this paper, the author focuses on labour market and economic reforms and their impact on economic growth, employment and wage outcomes in the longer term. To make the task more manageable the paper described the economic growth experiences of four English speaking countries. The author looks at the impact of the Tatcher reforms in the UK, the Douglas Reforms in New Zealand, and the Hawke Accord period and subsequent labour market reform in Australia. The US is taken as a comparison country that has not been subject to substantial shifts in government introduced labour market and economic reforms, except, perhaps, in area of immigration and very recently in the area of welfare reforms.

Suggested Citation

  • Bob Gregory, 1999. "Labour Market Outcomes in the UK, NZ, Australia and the US: Observations on the Impact of Labour Market and Economic Reforms," CEPR Discussion Papers 401, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    • Handle: RePEc:auu:dpaper:401
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    File URL: https://www.cbe.anu.edu.au/researchpapers/CEPR/DP401.pdf
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    References listed on IDEAS

    as
    1. Lewis Evans & Arthur Grimes & Bryce Wilkinson, 1996. "Economic Reform in New Zealand 1984-95: The Pursuit of Efficiency," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1856-1902, December.
    2. Paul Conway & Ben Hunt, 1998. "Productivity growth in New Zealand: economic reform and the convergence hypothesis," Reserve Bank of New Zealand Discussion Paper Series G98/2, Reserve Bank of New Zealand.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Tim Hazledine & John Quiggin, 2005. "No More Free Beer Tomorrow? Economic policy and outcomes in Australia and New Zealand 1984-2003," Australian Public Policy Program Working Papers WP4P05, Risk and Sustainable Management Group, University of Queensland.
    2. W A Razzak, 2004. "Towards Building A New Consensus About New Zealand’s Productivity," GE, Growth, Math methods 0405002, University Library of Munich, Germany.
    3. Erasmus Kersting, 2008. "The 1980s Recession in the UK: A Business Cycle Accounting Perspective," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(1), pages 179-191, January.
    4. Michael Keating, 2003. "Earnings and Inequality," CEPR Discussion Papers 460, Centre for Economic Policy Research, Research School of Economics, Australian National University.

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    More about this item

    Keywords

    LABOUR MARKET ; ECONOMIC POLICY ; EMPLOYMENT ; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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