New Zealand: Selected Issues
May 5, 2005
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This Selected Issues paper analyzes the effect of international migration on unemployment in New Zealand. The empirical results in this paper suggest that net migration inflows give rise to a fall in the unemployment rate. The paper estimates a system of equations including the unemployment rate, real wage, net migration rate, and labor force participation rate, taking into account the interdependence of the variables. It also examines the impact of exchange rate volatility on export firms’ decisions to hedge foreign exchange exposure.
Subject: Aging, Consumption, Exchange rates, Foreign exchange, Labor, Migration, National accounts, Population and demographics
Keywords: Aging, Australia and New Zealand, boosting productivity, consumer spending, Consumption, CR, Exchange rates, household debt, interest rate, ISCR, Migration, migration inflow, OECD labor market data, OECD labor market Data., OECD standard, productivity
Pages:
48
Volume:
2005
DOI:
Issue:
153
Series:
Country Report No. 2005/153
Stock No:
1NZLEA2005002
ISBN:
9781451830309
ISSN:
1934-7685
