scholarly journals Local Job Flows in New Zealand

1970 ◽  
Author(s):  
David C Mare ◽  
Jason Timmins
Keyword(s):  
New Zealand ◽  
Employment Growth ◽  
Job Creation ◽  
Labour Markets ◽  
Job Flows ◽  
Local Labour Markets ◽  
Local Labour ◽  
Job Creation And Destruction

Small changes in the level of employment are generally the result of a large number of jobs being created and a roughly balancing number of jobs being destroyed In this paper we examine patterns of job creation and destruction for local labour markets in New Zealand between 1987 and 2003. The growth or decline of employment in local labour markets is far from homogeneous. The paper focuses on whether local labour markets experience greater employment growth following periods of high rates of simultaneous job creation and destruction (job churn). However, we find little evidence to support this hypothesis. The estimated effect of the level of job churn on future employment growth, within labour markets, was found to be statisticallyand economically insignificant.

scholarly journals The Wage Curve and Local Labour Markets in New Zealand

1970 ◽  
Author(s):  
Philip S. Morrison ◽  
Jacques Poot
Keyword(s):  
New Zealand ◽  
Labour Markets ◽  
Convex Curve ◽  
Grouped Data ◽  
Cross Sectional ◽  
Wage Curve ◽  
Essential Requirement ◽  
Local Labour Markets ◽  
Local Labour ◽  
Record Data

Blanchflower and Oswald argue in their 1994 book that there is a stable downward-sloping convex curve linking the level of pay to the local unemployment rate. They derived this so-called wage curve from measurements on individuals within regions (local labour markets) for several countries and periods. Other investigators have confirmed the robustness of this finding. In this paper we seek evidence for the wage curve in New Zealand drawing on data at the regional level by means of the /996 census of population and dwellings. New Zealand research is hampered by the inaccessibility of unit record data and the paper reports results based on publicly available grouped data. The results show that a cross-sectional wage curve does exist in New Zealand. The elasticity is in the range of-0.07 to -0.12, which is similar to results obtained for other countries. However, research to date has not been able to choose between competing explanations for this phenomenon. We argue that a better understanding of the dynamics of local labour markets is an essential requirement for further study of the wage curve.

scholarly journals Zombie Lending and Depressed Restructuring in Japan

2008 ◽  
Vol 98 (5) ◽  
pp. 1943-1977 ◽  
Author(s):  
Ricardo J Caballero ◽  
Takeo Hoshi ◽  
Anil K Kashyap
Keyword(s):  
Market Share ◽  
Employment Growth ◽  
Job Creation ◽  
Firm Level ◽  
Competitive Process ◽  
Lower Productivity ◽  
Zombie Lending ◽  
Job Creation And Destruction ◽  
Productivity Gap

Large Japanese banks often engaged in sham loan restructurings that kept credit flowing to otherwise insolvent borrowers (which we call zombies). We examine the implications of suppressing the normal competitive process whereby the zombies would shed workers and lose market share. The congestion created by the zombies reduces the profits for healthy firms, which discourages their entry and investment. We confirm that zombie-dominated industries exhibit more depressed job creation and destruction, and lower productivity. We present firm-level regressions showing that the increase in zombies depressed the investment and employment growth of non-zombies and widened the productivity gap between zombies and non-zombies. (JEL G21, G32, L25)

Managing Local Labour Markets and Making up New Spaces of Welfare

2007 ◽  
Vol 39 (12) ◽  
pp. 2958-2974 ◽  
Author(s):  
Allan Cochrane ◽  
David Etherington
Keyword(s):  
Labour Markets ◽  
Local Labour Markets ◽  
Local Labour

scholarly journals Age Effects in Swedish Local Labour Markets

2002 ◽  
Author(s):  
Oskar Nordstrom Skans
Keyword(s):  
Age Effects ◽  
Labour Markets ◽  
Local Labour Markets ◽  
Local Labour

scholarly journals An Evolutive Approach for the Delineation of Local Labour Markets

2006 ◽  
pp. 342-351
Author(s):  
Francisco Flórez-Revuelta ◽  
José Manuel Casado-Díaz ◽  
Lucas Martínez-Bernabeu
Keyword(s):  
Labour Markets ◽  
Local Labour Markets ◽  
Local Labour
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