New Zealand Labour Market Dynamics: Pre- and Post-global Financial Crisis

No 14/03, Treasury Working Paper Series from New Zealand Treasury

Abstract: A persistent increase in the unemployment rate ignites speculations about whether the changes to unemployment are structural or cyclical. The New Zealand economy has been through major restructuring since the mid-1980s. The labour market’s institutional changes were the last in the sequence of these reforms. As reforms began to take effect and expectations adjusted, unemployment in New Zealand has declined steadily and persistently since 1993-1994. Along the way, however, transitory increases in unemployment occurred. Major increases occurred after the Asian financial crisis and the global financial crisis with similar dynamics.

Keywords: Natural Rate of Unemployment; Speed of adjustment of the New Zealand labour market; estimation (search for similar items in EconPapers)
JEL-codes: C2 C3 J60 (search for similar items in EconPapers)
Pages: 42
Date: 2014-02
New Economics Papers: this item is included in nep-lab
References: Add references at CitEc
Citations:

Downloads: (external link)
https://treasury.govt.nz/sites/default/files/2014-02/twp14-03.pdf (application/pdf)

Related works:
Journal Article: New Zealand Labor Market Dynamics: Pre- and Post-global Financial Crisis (2016)
Working Paper: New Zealand Labour Market Dynamics Pre- and post-global financial crisis (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nzt:nztwps:14/03

Access Statistics for this paper

More papers in Treasury Working Paper Series from New Zealand Treasury New Zealand Treasury, PO Box 3724, Wellington 6140, New Zealand. Contact information at EDIRC.
Bibliographic data for series maintained by CSS I&T Web & Publishing, The Treasury ().