Hidden Bibliographic Details
| Other authors / contributors: | Cerisola, Martin.
International Monetary Fund. Asia and Pacific Department.
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| ISBN: | 1282036629
9781282036628
9781451901627
1451901623
9781451856477
1451856474
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| ISSN: | 2227-8885
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| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
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. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| 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.
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| Other form: | Print version: Ramakrishnan, Uma. Regional economic disparities in Australia. [Washington, D.C.] : International Monetary Fund, ©2004
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| Standard no.: | 10.5089/9781451901627.001
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