Lecture 7 - ECOS3008 LABOUR ECONOMICS Week 9 3 May 1 CASE...

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1 ECOS3008 LABOUR ECONOMICS Week 9: 3 May
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2 CASE STUDIES #1 and #2: Two Extremes of Working Age Population Young Workers and Older Workers Life Cycle picture of labour force disadvantage?
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3 CASE STUDIES #3 and #4: Two Extremes of Origin Indigenous Australians and Migrants Does it matter where you come from or end up?
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4 CASE STUDY #5: Gender Comparison of gender differences in labour force participation patterns What drives these?
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5 CASE STUDY #1: YOUTH (SECTION 6.3) key elements: focus on unemployment focus on nexus between participation in education and in labour force youth .v. teenager high level of unemployment among younger persons continues to be a public policy issue see Table 6.1
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6 Table 6.1: Unemployment Rates, August Aged 15-19 Aged 20-24 Aged 15+ 1970 3.2 1.6 1.4 1978 16.8 9.1 6.2 1986 18.9 10.4 7.8 1997 18.6 13.3 8.1 2000 15.3 9.4 5.9 2003 14.9 8.7 5.6 2005 14.0 6.6 4.7 2007 13.8 6.3 4.1 2008 10.8 5.3 3.9 2009 15.4 8.8 5.5
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7 Hidden Unemployment many discouraged job-seekers in this age group either return to, or remain in education would prefer to work. Stricker and Sheehan (1981): 25,000 persons aged 15-24 in hidden U. ABS survey (1981): 13,200 young persons could be classified as discouraged workers. ABS (2006) approx 21,000
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8 Education and Unemployment Estimates of the relationship between participation in education and the level of unemployment have offered similar estimates. Thus it would seem that hidden unemployment among young persons is significant (but not as important as for adult females.)
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9 Labour Force and Education Nexus, Teenagers: May 2009 (000’s) FT Study Not FT Study Employed Full-time 8.5 205.3 Employed Part-time 376.2 107.6 Unemployed, want FT 10.1 39.8 Unemployed, want PT 58.7 5.2 NILF 574.4 63.8 total 1028.0 447.7 Source: Table 1.4, ABS, cat 6105.0 (July 2009 edition)
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10 Nexus between Education and Labour Force Of those not in FT education; 1 in 2 in FTE 1 in 5 unemployed and wanting FTE Of those in FT education; 2 in 5 in PTE (1 in 3 in 2000!) 1 in 2 NILF 1 in 16 unemployed and wanting PTE note the nexus between education status and employment status
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11 Role of Part-time employment youth employment which was part-time = 7 per cent in 1971 16 per cent in 1981 35 per cent in 1995 45 per cent in 2008 . Full-time employment among teenagers only 535,700 in 1981 216,900 in 1995 252,100 in 2008 . Part-time employment among all youth 249,500 in 1981 547,600 in 1995 849,200 in 2008 .
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12 involuntary part-time employment? Young people exhibit above average levels of underemployment as well as abnormally high recorded and hidden unemployment. 31%
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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 7 - ECOS3008 LABOUR ECONOMICS Week 9 3 May 1 CASE...

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