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Was there a Skills Shortage in Australia?

Author

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  • Junankar, Pramod N. (Raja)

    () (University of New South Wales)

Abstract

The paper analyses the problem of a "skills shortage" in Australia. It begins with an analysis of the operation of a labour market in terms of stocks and flows of labour services and human capital acquisition. It discusses the definition of a skills shortage, why it persists, and then looks at evidence from Australia, in particular, the resource rich states of Queensland and Western Australia over the past decade. It discusses possible employer responses to a skills shortage. Finally, it discusses whether the government should intervene, and if so what policies may help to relieve a skills shortage.

Suggested Citation

  • Junankar, Pramod N. (Raja), 2009. "Was there a Skills Shortage in Australia?," IZA Discussion Papers 4651, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp4651
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    References listed on IDEAS

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    1. Green, Francis & Machin, Stephen & Wilkinson, David, 1998. "The Meaning and Determinants of Skills Shortages," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 60(2), pages 165-187, May.
    2. Derby Voon & Paul W. Miller, 2005. "Undereducation and Overeducation in the Australian Labour Market," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages 22-33, August.
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    Cited by:

    1. repec:bla:econpa:v:36:y:2017:i:1:p:3-16 is not listed on IDEAS
    2. Horbach, Jens, 2014. "Determinants of labor shortage - with particular focus on the German environmental sector," IAB Discussion Paper 201422, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    3. Sharma, Kishor & Oczkowski, Edward & Hicks, John, 2016. "Skill shortages in regional Australia: A local perspective from the Riverina," Economic Analysis and Policy, Elsevier, vol. 52(C), pages 34-44.

    More about this item

    Keywords

    skill shortages; wage adjustments; migrants;

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J48 - Labor and Demographic Economics - - Particular Labor Markets - - - Particular Labor Markets; Public Policy

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