Are you enjoying open access to policy and research published by a broad range of organisations?Please donate today so that we can continue to provide this service.
This paper introduces MARTIN – the Reserve Bank of Australia's current model of the Australian economy. MARTIN is an economy-wide model used to produce forecasts and conduct counterfactual scenario analysis.
Using data on Australian households over time, this article finds that workers' perceptions of their own job security have declined in recent years. These weaker job security perceptions have provided a small drag on wage growth.