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The labor market in New Zealand, 2000−2021

Author

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  • David C. Maré

    (Motu Economic and Public Policy Research, New Zealand, and IZA, Germany)

Abstract

New Zealand is a small open economy, with large international labor flows and skilled immigrants. After the global financial crisis (GFC) employment took four years to recover, while unemployment took more than a decade to return to pre-crisis levels. Māori, Pasifika, and young workers were worst affected. The Covid-19 pandemic saw employment decline and unemployment rise but this was reversed within a few quarters. However, the long-term impact of the pandemic remains uncertain.

Suggested Citation

  • David C. Maré, 2022. "The labor market in New Zealand, 2000−2021," IZA World of Labor, Institute of Labor Economics (IZA), pages 427-427, August.
    • Handle: RePEc:iza:izawol:journl:2022:n:427
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    More about this item

    Keywords

    New Zealand; immigration; wages; unemployment; wage compression; GFC; Covid-19;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General

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