This third edition of labour economics text has been expanded and extensively revised. Contains a new chapter on trade unions, and includes concepts for review and questions for discussion at the end of each chapter. Integrates theoretical material with data on Australian labour markets. Contains new sections on topics such as labour absence, reservation wages, implicit contract theory, efficiency wage theory, and the Accord. Includes an index. The author is Professor of Economics at Murdoch University.

Economics of Australian labour markets.

Textbook on labour economics in Australia - covers labour demand and labour supply, labour market mechanisms, labour mobility, wages differentials, incomes policy, trade unions and the arbitration system, etc. Bibliography pp. 196 to 198, graphs, references and statistical tables.

Report of the proceedings of a seminar, Labour markets in Japan and Australia, held at ANU on 24 November 1980.

The global crisis has led to dramatic increases in unemployment rates over most of the countries of the OECD. This book provides alternative explanations of this phenomenon. Junankar begins with surveys of the labour market: labour demand, labour supply, and labour force participation. He argues that the growth of unemployment and long-term unemployment is mainly due to a lack of aggregated demand and not due to high unemployment benefits. Economics of the Labour Market shows that unemployment and long-term unemployment impose serious and significant costs on individuals, families, and society in general. Raja Junankar focuses on vital social issues arising from the malfunctioning of economies and this collection of essays tackles the real cost of unemployment.