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Book Cover
Author Ramakrishnan, Uma, author

Title Regional economic disparities in Australia / prepared by Uma Ramakrishnan and Martin Cerisola
Published [Washington, D.C.] : International Monetary Fund, [2004]
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Description 1 online resource (23 pages)
Series IMF working paper ; WP/04/144
IMF working paper ; WP/04/144
Summary 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
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Income -- Australia -- Regional disparities.
Labor supply -- Australia -- Regional disparities.
Unemployment -- Australia -- Regional disparities.
Wages -- Australia -- Regional disparities.
Form Electronic book
Author Cerisola, Martin.
International Monetary Fund. Asia and Pacific Department.
ISBN 1282036629