tag:blogger.com,1999:blog-7342528022617501525.post2566843925357372895..comments2024-03-28T15:05:33.781+13:00Comments on Economics New Zealand: Hard core unemploymentDonal Curtinhttp://www.blogger.com/profile/03687495556590450225noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7342528022617501525.post-48977743533920969092016-09-06T21:28:31.756+12:002016-09-06T21:28:31.756+12:00Do they publish those statistics regionally? It wo...Do they publish those statistics regionally? It would be interesting to know if there is a geographic mismatch between un/underemployment and difficulty finding labour. I suspect part of your missing % may reflect a growing mismatch between the cities and the regions. <br /><br />As a long term city dweller, and someone who has moved my family between cities for work, I do wonder if it would ever be economically feasible to pay me what it would take to move away from (a) the ever increasing amenities of city life and (b) friends and family, in order to work in the Hawkes Bay or Marlborough, even though I love visiting both regions and their agreeable climates. Somewhere like Southland, Taranaki or the West Coast wouldn't stand a chance.<br /><br />On top of that, in no particular order, you would have to factor in the barriers to moving like: finding a job for my partner (dual income a must to buy a house these days), dislocation of the children, the actual costs of moving, the effort in acquiring information on an unknown region, and the human bias against change. Bennoreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-65878257986731844992016-09-06T19:04:00.625+12:002016-09-06T19:04:00.625+12:00Fair comment. And joking apart there's somethi...Fair comment. And joking apart there's something in the hysteresis story: I read somewhere that there's research showing that people who graduate when there's a recession on suffer a long-term hit to their lifetime earnings.<br />And it's probably true too (I should have squeezed it in somewhere) that our residual tail of hard-to-get-into-employment people is probably smaller than in a lot of other places. But we do have one, and I suspect it ties in with the tail of underperformance evident in secondary school outcomes: we do a good job for most, but there's a group that's already fallen through the cracks at that point.Donal Curtinhttps://www.blogger.com/profile/03687495556590450225noreply@blogger.comtag:blogger.com,1999:blog-7342528022617501525.post-78356110934405103262016-09-06T18:57:34.722+12:002016-09-06T18:57:34.722+12:00Hysteresis!
Seriously, though - NZ's not doin...Hysteresis!<br /><br />Seriously, though - NZ's not doing bad here. We've got one of the highest labour force participation rates in the OECD, and one of the lowest unemployment rates. So regardless of other ills in the NZ economy, labour market policy is probably reasonable.pnunnshttps://www.blogger.com/profile/09718627006326507101noreply@blogger.com