AUSTRALIA RECONSTRUCTED: A EUROPEAN VIEW

NOTES AND REFERENCES

1. The departure of migrant workers from Austria led to a lower unemployment rate than would otherwise have been the case. Had the number of migrant workers in the early nineteen eighties remained at the level of the early nineteen seventies, this it has been predicted (K. Pichelmann and M. Wagner, ‘Labour supply as a signal for real wage adjustment: Australia 1968–83’; C.R. Bean, P.R.G. Layard and S. Nickell (eds), The Rise in Unemployment, Basil Blackwell, Oxford 1987), would have added some 3 per cent to the recorded unemployment rate.

2. Bruno M. and Sachs J.. 1985. . The Economics of Worldwide Stagflation . , Oxford : : Basil Blackwell. .

3. C.R. Bean, P.R.G. Layard and S.J. Nickell, ‘The rise in unemployment: a multi-country study’, in Bean, Layard and Nickell, op. cit., p. 18.

4. ibid., p. 19.

5. Weitzman M. L.. 1984. . The Share Ecoomy: Conquering Stagflation Harvard . , Boston , Mass. : : University Press. .