New Zealand Labour Market Dynamics Pre- and post-global financial crisis

MPRA Paper from University Library of Munich, Germany

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)
Date: 2013-12-24
New Economics Papers: this item is included in nep-lab
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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 (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:52462

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