RBA paper on lessons from Australia's labour market since 2000

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A research paper published by the Reserve Bank of Australia on Tuesday says measures to reduce the number of hours worked during recessions served as a useful adjustment mechanism to the economy.

The paper, prepared for the Reserve Bank Conference on August 15 and 16, 2011 in Sydney, Australia, and authored by Jeff Borland, offers some insight into the Australian labour market during the 2000s.

Borland says a major development in the 2000s was a decrease in average hours worked during the two

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