We are very pleased to announce that we will have Dr. Gabriela Nodari from the Reserve Bank of Australia to give a talk about the COVID-19 and the labour market, which I believe will be topic that a lot of people will be interested with.

Please note for security reasons, you will need to register in advance for this meeting: https://macquarie.zoom.us/meeting/register/tZIkfuiprTktGtMLvQ1GA2roSlOlx0DIjTj6

After registering, you will receive a confirmation email containing information about joining the meeting.

Any questions, please feel free to contact: secretary.nswbranch@statsoc.org.au

Date: Tuesday, 16th November 2021

Time: 6:00pm - 7:00pm (AEST)

Dr. Gabriela Nodari, Reserve Bank of Australia

COVID-19 and Turnover in the Australian Labour Market

Abstract:
Job turnover in Australia fell sharply at the onset of the COVID-19 pandemic but rebounded quickly from late 2020 to be at its highest point in more than a decade. This analysis explores the drivers behind the recent pick-up in turnover. Our results show that the increase in turnover has been broad-based across occupations and sectors, but most prominent amongst professionals and in the business services and household services sectors. The most common reason for leaving a job is to find a better one or seek a change; this partly captures workers ‘catching-up’ on job changes that were put on hold in 2020, but could also reflect workers re-evaluating career choices and switching to more stable jobs. Consistent with this, some contact-intensive occupations and industries have seen larger increases in employee exits relative to pre-pandemic levels. The increase in job turnover, if persistent, could lead to higher wages growth and labour productivity.   

Biography:
Gabriela is a Senior Economist at the Reserve Bank of Australia. She joined the RBA in 2016 as a Research Economist and worked in the Research Department for almost two years. She then moved to the Economic Analysis department of the RBA and has worked in different teams including macroeconomic modelling, overseas economies and more recently prices, wages and the labour market. Gabriela holds a PhD in Economics from the University of Verona (Italy), and prior to working at the RBA she held a postdoctoral position at UNSW (Sydney). Gabriela’s research focuses on the empirical analysis of business cycle, nonlinearities of macroeconomic shocks and related stabilization policies.