New Zealand Economic Papers articles from June 2004

New Zealand Economic Papers archives from June 2004

Population ageing in New Zealand: implications for living standards and the optimal rate of national saving.
June 1, 2004... 1. Introduction (1) Over coming decades, New Zealand's population will age substantially. Statistics New Zealand (2000) suggests, for instance, that the number of people aged 65 years and over could rise from the current level of about...

Wage and employment rates in New Zealand from 1991 to 2001.
June 1, 2004... 1. Introduction Policy makers, who are required to make informed decisions, need insight in the likely effects of various policies on labour market variables, such as labour force participation and individuals' wage rates. Therefore it is...

Would adopting the US dollar have led to improved inflation, output and trade balances, for New Zealand in the 1990s?
June 1, 2004... 1. Introduction There has been considerable debate recently on whether New Zealand should continue to maintain an independent currency, enter into a monetary union with Australia, or adopt the Australian or US dollar as its currency (1)....

Emotion, fear and superstition in the New Zealand stockmarket.
June 1, 2004... 1. Introduction A central paradigm of financial economics is the efficient markets hypothesis. This asserts that securities prices do not systematically deviate from those that can be justified by economic fundamentals; any divergence...

The transaction sector, the information economy, and economic growth in New Zealand: taking Hazledine seriously **.
June 1, 2004... 1. Introduction In a number of publications Hazledine has reported estimates of the size and growth of New Zealand (NZ)'s 'transaction sector' (Hazledine, 1998, 2001a,b). His analysis is mainly based on observed changes in the occupational...

The gender pay gap and the importance of job size: evidence from the New Zealand Public Service.
June 1, 2004... 1. Introduction It is a well-established fact that, hour for hour, men tend to average higher earnings than women. This is the gender pay gap, which is typically defined as the percentage point difference between average male and female...

McHouse prices, capital hoovering, and real exchange rate exposures.
June 1, 2004... 1 Introduction The positive correlation between NZ house prices and the real exchange rate has been known for some time. But while a considerable amount of research work has been done on house prices and their determinants over the last...

Phil Briggs, Looking at the Numbers: A View of New Zealand's Economic History.(Book review)
June 1, 2004... Phil Briggs, Looking at the numbers: A view of New Zealand's economic history, New Zealand Institute of Economic Research, (Inc.), Research monograph 69, Wellington, (2003). pp. ix, 140. With assistance from a number of people, associated...

Reinventing the Bazaar: A Natural History of Markets.(Book review)
June 1, 2004... Reinventing the Bazaar: A Natural History of Markets by John McMillan, W.W. Norton & Co, New York and London, 2002, x+278pp., ISBN 0-393-05021-1. Just what is this animal called the market? Is it like the elephant: hard to describe, but we...