participants in a seminar at the Reserve Bank of Australia for valuable input. The views expressed in this paper are those of the authors and not necessarily those of the Reserve Bank of Australia. Use of any results from this paper should clearly attribute the work to the authors and not to the Reserve Bank of Australia.

We investigate the interaction between labour and credit market imperfections for the determination of equilibrium unemployment within the framework of the "right-tomanage" approach. Our analysis highlights the critical role of labour mobility for the evaluation of the employment implications of intensified credit market competition. Without labour mobility increased bargaining power of banks w...

The paper addresses the link between productivity and labour mobility. The hypothesis tested is that technology is transmitted across industries through the movement of skilled workers embodying human capital. The embodied knowledge is then diffused within the new environment creating spillovers and leading to productivity improvements. The empirical analysis is based on household survey and in...

We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high capital mobility and low labour mobility. We show that high capital mobility amplifies the impact on the domestic unemployment rate of domestic fluctuations in total factor productivity, shortens the lag of the response to shocks and raises the variability of unemployment. But ave...

Economic conditions at the time of entering the labour market can induce wage differentials between entry cohorts. While there exists much empirical evidence on the existence and persistence of these cohort effects, little is known about their impact on employees’ mobility behaviour. Using a large data set derived from German administrative data, this paper analyzes the determinants of job mobi...

Economic conditions at the time of labour market entry can induce wage diff erentials between workers entering the labour market at diff erent points in time. While the existence and persistence of these entry wage diff erentials are well documented, little is known about their interaction with employees’ mobility behaviour. This paper contributes to this research area by analyzing the interact...