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Unemployment and re-employment of displaced workers

By Greg Murtough and Matthew Waite

Abstract

Examines the incidence and adjustment experiences of workers who are displaced by economic change. Since the mid-1970s, the aggregate annual rate of retrenchment has fluctuated in a counter-cyclical pattern around a relatively stable long-term trend of about 5 per cent. The paper shows that the probability of retrenchment and the nature of post-retrenchment adjustment varies between different groups of workers and depends on general economic conditions.unemployment - re-employment - employment - displaced workers - labour - retrenchment - occupations - casual employment - job

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Citations

  1. (1993). A Single Factor Explanation of Inter-industry Wage Differentials,
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  4. (1991). Specific capital, mobility and wages: wages rise with job seniority’,
  5. (1999). Workplace characteristics and their effects on wages: Australian evidence’, Australian Economic Papers,

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