Unemployment Policy: Unemployment, Underemployment and Labour Market Insecurity
In this chapter we argue that Australia’s labour market features too much unemployment, underemployment or associated forms of labour market insecurity. The later term implies a weak or tenuous connection to the labour force through underemployment or involuntary casual or part-time work and/or low wages or other manifestations of weakness visà- vis employers. The direct and indirect costs of such malfunctions in the labour market are reflected in a range of economic, social, health and other costs (Watts 2000; Saunders and Taylor 2002). Estimates of the costs of unemployment and underemployment range from $20 to $40bn per annum in Australia (Watts 2000). A good deal of social policy is directed to problems emanating from the labour market and its various malfunctions. Accordingly, a good way to minimize the need for expensive and often difficult social policy interventions is to try and organize the labour market so that it provides reasonable jobs for those that seek them.
(This abstract was borrowed from another version of this item.)
|Date of creation:||Jan 2008|
|Date of revision:|
|Contact details of provider:|| Postal: Colin Clark Building, no 39, St. Lucia, Qld. 4072|
Phone: +61 7 3365 6601
Fax: +61 7 3365 6601
Web page: http://www.uq.edu.au/rsmg/index.htm
More information through EDIRC
References listed on IDEAS
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.:
- William F. Mitchell & Martin J. Watts, 1997. "The Path to full Employment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 30(4), pages 436-443.
- Fred Argy, 2005. "An Analysis Of Joblessness In Australia," Economic Papers, The Economic Society of Australia, vol. 24(1), pages 75-96, 03.
When requesting a correction, please mention this item's handle: RePEc:rsm:pubpol:p08_2. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David Adamson)
If references are entirely missing, you can add them using this form.