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Labour Market Programs and the Australian Beveridge Curve: 1978 to 1997
Author(s) -
WEBSTER ELIZABETH
Publication year - 1999
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1999.tb02576.x
Subject(s) - beveridge curve , ceteris paribus , economics , labour economics , work (physics) , macroeconomics , microeconomics , mechanical engineering , unemployment rate , engineering , unemployment
Labour market programs are often advocated on the basis that by re‐introducing unemployed people to the culture of the workplace, they will re‐skill and motivate them enough to make them suitable employees to prospective employers. Accordingly, total employment should rise and vacancy rates fall. If programs work in this manner, we should be able to detect a systematic relationship between labour market program expenditure and the distance of the Beveridge curve from the origin ceteris paribus. There are few studies in the world that have directly tried to assess the impact of labour market program expenditure on the Beveridge curve. Our estimates for Australia over the last 19 years give limited support to the view that most labour market programs nave moved the Beveridge curve inwards.