Munich Personal RePEc Archive

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

Razzak, Weshah (2013): New Zealand Labour Market Dynamics Pre- and post-global financial crisis. Forthcoming in: New Zealand Treasury Working Papers (2014)

[img]
Preview
PDF
MPRA_paper_52462.pdf

Download (720kB) | Preview

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.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.