TY  - RPRT
        AU  - Frijters, Paul
AU  - Gregory, Bob
        TI  - From Golden Age to Golden Age: Australia's "Great Leap Forward"?
        PY  - 2006/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2068
        UR  - https://www.iza.org/index.php/publications/dp2068
        AB  - 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.
        KW  - unemployment
KW  - wage growth
KW  - welfare use
KW  - institutional reform
KW  - Australia
        ER  -