Regional Economic Disparities in Australia:
Australia''s remarkable economic performance during the 1990s has not resulted in a significant convergence of real per capita income, output, and employment levels across the country''s states and territories. This paper explores the role of certain economic rigidities that may...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2004
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 04/144 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Australia''s remarkable economic performance during the 1990s has not resulted in a significant convergence of real per capita income, output, and employment levels across the country''s states and territories. This paper explores the role of certain economic rigidities that may have contributed to the lack of convergence, including rigidities in labor markets and in the structure of federal government transfers to households and subnational governments. The analysis suggests that the wage awards system has restricted the adjustment of real wages to productivity differentials, thus contributing to higher unemployment rates in some states. Federal government transfers to households also appear to have adversely affected work incentives in high unemployment states by limiting participation in the labor force |
| Beschreibung: | 1 Online-Ressource (23 p) |
| ISBN: | 1451856474 9781451856477 |
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| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:33Z |
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| spelling | Ramakrishnan, Uma Verfasser aut Regional Economic Disparities in Australia Ramakrishnan, Uma Washington, D.C International Monetary Fund 2004 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 04/144 Australia''s remarkable economic performance during the 1990s has not resulted in a significant convergence of real per capita income, output, and employment levels across the country''s states and territories. This paper explores the role of certain economic rigidities that may have contributed to the lack of convergence, including rigidities in labor markets and in the structure of federal government transfers to households and subnational governments. The analysis suggests that the wage awards system has restricted the adjustment of real wages to productivity differentials, thus contributing to higher unemployment rates in some states. Federal government transfers to households also appear to have adversely affected work incentives in high unemployment states by limiting participation in the labor force Online-Ausg Cerisola, Martin D. Sonstige oth http://elibrary.imf.org/view/IMF001/05619-9781451856477/05619-9781451856477/05619-9781451856477.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Ramakrishnan, Uma Regional Economic Disparities in Australia |
| title | Regional Economic Disparities in Australia |
| title_auth | Regional Economic Disparities in Australia |
| title_exact_search | Regional Economic Disparities in Australia |
| title_exact_search_txtP | Regional Economic Disparities in Australia |
| title_full | Regional Economic Disparities in Australia Ramakrishnan, Uma |
| title_fullStr | Regional Economic Disparities in Australia Ramakrishnan, Uma |
| title_full_unstemmed | Regional Economic Disparities in Australia Ramakrishnan, Uma |
| title_short | Regional Economic Disparities in Australia |
| title_sort | regional economic disparities in australia |
| url | http://elibrary.imf.org/view/IMF001/05619-9781451856477/05619-9781451856477/05619-9781451856477.xml |
| work_keys_str_mv | AT ramakrishnanuma regionaleconomicdisparitiesinaustralia AT cerisolamartind regionaleconomicdisparitiesinaustralia |