The labor market in New Zealand, 2000−2021

David Maré

IZA World of Labor, 2022, No 427v2, 427

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.

Keywords: New Zealand; immigration; wages; unemployment; wage compression; GFC; Covid-19 (search for similar items in EconPapers)
JEL-codes: J01 R00 (search for similar items in EconPapers)
Date: 2022
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