The high rates of youth unemployment experienced in a number of OECD economies has raised concerns about the effect of this on subsequent earnings. Using the Australian Youth Survey (AYS) a longitudinal survey of Australian youth, Mathew Gray estimates the effects of unemployment on subsequent hourly and weekly earnings. The estimates suggest that, when unobserved...

In this paper William Mitchell, Martin Watts and John Burgess argue that governments that have followed the ideas embodied in the OECD approach to economic reform have successfully reduced inflation but worsened the economic outcomes for a vast number of disadvantaged workers.

In this paper Martin Watts and William Mitchell demonstrate that the measurable costs of the sustained high rate of unemployment in Australia are substantially higher than the alleged gains from neo-liberal (microeconomic) reforms.