Base Wage System in Australia

Insights into Low Wage Growth in Australia

Over recent years, Bank forecasts for wage growth have been persistently too strong (Graph 1). The forecast errors have been largely the result of there being more slack in the labour market than anticipated and the decline in the terms of trade being sharper than expected.1 However, even after taking these factors into consideration, wage growth has been surprisingly low. This raises the possi...

Individuals ’ Wage Changes in Australia 1997 - 2000

This paper examines Australian household data from over 4000 individuals to assess how downwardly flexible nominal wages have been during the period 1997 to 2000. The data indicate that there is considerable downward rigidity. Only 7.4 per cent of workers who are still working the same hours in the same job experienced a cut in pay over the previous year. People in lowincome households, unskill...

Inter-industry Wage Differentials in Australia, 1947–1954*

The wage premium of foreign education: New evidence from Australia

The Wage Premium of Foreign Education: New Evidence from Australia We study whether Australian employers recognise immigrants’ education acquired abroad, and if so how. Using data from the Longitudinal Surveys of Immigrants in Australia, we apply interval regression to model migrant hourly earnings. We find substantially higher returns from human capital obtained in Australia and other OECD cou...

MULTI-OBJECTIVE SEMI-ACTIVE BASE ISOLATION SYSTEM

Semi-active base isolation system has been proposed mainly to mitigate the base drift of isolated structures while in most cases, its application causes the maximum acceleration of superstructure to be increased. In this paper, designing optimal semi-active base isolation system composed of linear base isolation system with low damping and magneto-rheological (MR) damper has been studied for co...