%0 Report
        %A Frijters, Paul
%A Gregory, Bob
        %T From Golden Age to Golden Age: Australia's "Great Leap Forward"?
        %D 2006
        %8 2006 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 2068
        %U https://www.iza.org/index.php/publications/dp2068
        %X The twenty-five years after WW 2 witnessed strong labour market institutions and beneficial labour market outcomes – high wage growth and integration of low-skilled immigrants. Then came the macro shocks of the mid 1970s. Labour market outcomes deteriorated as full-time employment population ratios fell, particularly among males; unemployment and welfare use increased; and real wages grew slowly. The golden age passed. In response, successive governments have increasingly begun to dismantle the institutional framework. We address this transition within a simple long run graphical framework to help us marshal facts and arguments and to discuss the likely impact of institutional reform.
        %K unemployment
%K wage growth
%K welfare use
%K institutional reform
%K Australia