Lecture 6 (2) - ECOS3008 LABOUR ECONOMICS Week 7: 12 April...

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1 ECOS3008 LABOUR ECONOMICS Week 7: 12 April
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2 LABOUR MARKET DISADVANTAGE Concept of disadvantage (Section 6.1), Theories of disadvantage (Section 6.2), Youth (Section 6.3), Older Workers (Section 6.4), Indigenous Australians (Section 6.5), Migrants (Section 6.6), and Women (Chapter 7).
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3 The Nature and Extent of Disadvantage Labour Market Disadvantage: labour market status worse than the national average and bear a disproportionate share of the problems of labour market adjustment. Groups with these characteristics are commonly called ‘disadvantaged groups’ women, young people (especially teenagers), older workers, Indigenous people, and some groups within the migrant population.
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4 Four dimensions to labour market disadvantage 1. unemployment rate well above average. 2. Low occupational or industrial status. 3. average earnings below that for the workforce as a whole 4. degree of labour turnover which a group exhibits
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5 1. a rate of unemployment for the group in question which is well above the national average. conventional measures of unemployment are poor indicators of their joblessness as many members of disadvantaged groups become discouraged workers and are thereby excluded from the official counts of unemployment. What about underemployment?
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6 2. Low occupational or industrial status? either horizontal segregation of workers in a given group into low-paying occupations or industries or vertical segregation into the lower level jobs within a given industry or occupation. It is not so much the segregation which is the problem but the low status of the areas of the labour market in which the members of disadvantaged groups are predominantly located.
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7 3. Below average earnings Such comparisons often vary because of the adoption of differing measures of earnings. Is analysis based on earnings of (A). full-time workers only (B). all workers (full-time and part-time). high incidence of part-time and casual work among members of disadvantaged groups, means (A). usually gives a smaller differential. Does measure of earnings relate to total earnings or just ordinary-time earnings. The former generally increases the extent of disadvantage indicated.
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8 4. degree of labour turnover which a group exhibits the higher the level of turnover the more disadvantaged the group? Qualification: some turnover is beneficial to the
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This note was uploaded on 08/22/2011 for the course FINC 2011 taught by Professor Craigmellare during the Three '10 term at University of Sydney.

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Lecture 6 (2) - ECOS3008 LABOUR ECONOMICS Week 7: 12 April...

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