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School of Economics and Finance · Te Kura Ohaoha Pūtea: Working Paper Series
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Browsing School of Economics and Finance · Te Kura Ohaoha Pūtea: Working Paper Series by Issue Date

Browsing School of Economics and Finance · Te Kura Ohaoha Pūtea: Working Paper Series by Issue Date

Now showing items 1-20 of 144

A boosted HP filter for business cycle analysis: evidence from New Zealand’s small open economy.

Hall, Viv B; Thomson, Peter (2022)

We investigate whether the boosted HP filter (bHP) proposed by Phillips and Shi (2021) might be preferred for New Zealand trend and growth cycle analysis, relative to using the standard HP filter (HP1600). We do this for ...
Motherhood Employment Penalty and Gender Wage Gap Across Countries: 1990–2010

Chu, Yu-Wei Luke; Cuffe, Harold E; Doan, Nguyen (2021)

In this paper, we employ twin birth as an instrument to estimate the effects of fertility on female employment using 72 censuses from 37 countries in 1990–2010. Next, we document a strong linear association between gender ...
Income and Extratropical Cyclones in New Zealand

Apurba, Roy; Ilan, Noy; Harold E., Cuffe (2021)

Aotearoa New Zealand is highly vulnerable to extratropical cyclones because of its unique location in the midlatitude south pacific region. This study empirically investigates the impact of the extratropical cyclones on ...
Economic consequences of pre-COVID-19 epidemics: A literature review

Noy, Ilan; Uher, Tomáš (2021)

In 2020, we all realized we should know more about the economic impacts of pandemics. Here, we summarize the contemporary research on the economic consequences of past epidemics and pandemics with a primary focus on highly ...
Do Struggling Students Benefit From Continued Student Loan Access? Evidence From University and Beyond

Chu, Yu-Wei Luke; Cuffe, Harold E (2020)

We estimate the effects of access to student loans on university students’ educational attainment and labor market returns in New Zealand. We exploit the introduction of a policy mandating a minimum pass rate of 50% for ...
Recent Changes in the Nature of Distribution Dynamics of US County Incomes

Park, Seonyoung; Shin, Donggyun (2020)

Analysis of US county per capita incomes from 1970 to 2017 reveals the emergence of bipolarizing distribution dynamics from the early 1990s. This bipolarization process is characterized by the vanishing middle income ...
Welfare consequences of rising wage risk in the United States: Self-selection into risky jobs and family labor supply adjustments

Park, Seonyoung; Shin, Donggyun (2020)

Wages in the United States have become more volatile since the early 1970s. This paper quantitatively demonstrates that the welfare cost caused by this change is substantially overstated when heterogeneity in individual ...
Influences on Sponsor Voluntary Contributions to Defined Benefit Pension Plans in the US

Tabassum, Tanjila; Ulm, Eric R. (2020)

Many financially insolvent private pension funds have put Defined Benefit (DB) plans under a microscope over the last few decades. Despite government imposed rules to ensure minimum required funding, sponsors might choose ...
Over-valued or over-looked? A theoretical and empirical investigation of agricultural land values against profitability in Aotearoa New Zealand

Allan, Corey; Kerr, Suzi; Owen, Sally (2020)

We investigate whether New Zealand’s rural land is over-valued when compared to its agricultural profitability. First, we develop a theoretical time-series framework showing that a positive profit shock in one agricultural ...
Effects of Sea Surface Temperature on Tuna Catch: Evidence from Countries in the Eastern Pacific Ocean

Mediodia, Hanny John P (2020)

Tuna move towards higher latitudes or deeper waters in response to ocean warming. The spatial redistribution of tuna will affect countries in the Eastern Pacific Ocean (EPO). We apply a production function approach to ...
Analytic Valuation of GMDB Options with Utility Based Asset Allocation

Ulm, Eric (2020)

A number of analytic solutions have been found for Variable Annuity Guaranteed Minimum Death Benefit (GMDB) option values under a variety of mortality laws. To date, the solutions are for Risk-Neutral valuation only. Where ...
Does Hamilton’s OLS regression provide a “better alternative” to the Hodrick-Prescott filter? A New Zealand Business Cycle Perspective

Hall, Viv B; Thomson, Peter (2020)

Within a New Zealand business cycle context, we assess whether Hamilton’s (H84) OLS regression methodology produces stylised business cycle facts which are materially different from HP1600 measures, and whether using the ...
Who cares? Future sea-level-rise and house prices

Filippova, Olga; Nguyen, Cuong; Noy, Ilan; Rehm, Michael (2019)

Globally, the single-most observable, predictable, and certain impact of climate change is sea level rise. Using a case study from the Kapiti Coast District in New Zealand, we pose a simple question: Do people factor in ...
Droughts and farms’ financial performance in New Zealand: A micro farm level study

Pourzand, Farnaz; Noy, Ilan; Sağlam, Yiğit (2019)

We quantify the impacts of droughts in New Zealand on the profitability of dairy, and sheep and beef farms. Using a comprehensive administrative database of all businesses in New Zealand, we investigate the impact of ...
Inflation and wage rigidity/flexibility in the short run

Park, Seonyoung; Shin, Donggyun (2019)

A recent literature uses accurate wage data from payroll records and provides compelling evidence against the conventional belief that nominal wages are downward sticky. This paper provides a unique contribution to this ...
Essays on modern economic issues in international trade, exchange rates and housing

Shaar, Karam (Victoria University of Wellington, 2019)

The common theme of the three papers in this thesis is the focus on the impact of data choices on empirical research in Economics. Such choices can be about the source of data; should we source the data from country A or ...
Students are Almost as Effective as Professors in University Teaching

Feld, Jan; Salamanca, Nicolas; Zolitz, Ulf (2019)

In a previous paper, we have shown that academic rank is largely unrelated to tutorial teaching effectiveness. In this paper, we further explore the effectiveness of the lowest-ranked instructors: students. We confirm that ...
Changes in New Zealand’s Business Insolvency Rates after the GFC

Hall, Viv; McDermott, John (2019)

We examine the question of whether the rate of business insolvencies in New Zealand is related to overall macroeconomic conditions. In particular, our interest is in whether the rate of business insolvencies changed in the ...
The Save More Tomorrow™ plan can boost retirement savings in New Zealand

Feld, Jan; Noy, Shakked (2019)

Save More Tomorrow is a retirement savings plan developed by Richard Thaler and Shlomo Benartzi that incorporates insights from Behavioural Economics. In this paper, we describe how the plan works and discuss how it can ...
Fiscal space and government-spending & tax-rate cyclicality patterns: A cross-country comparison, 1960-2016

Aizenman, Joshua; Jinjarak, Yothin; Nguyen, Hien Thi Kim; Park, Donghyun (2018)

The upward trajectory of OECD policy interest rates may impose growing fiscal challenges, thus testing the fiscal space of countries and their resilience. Against this background, we compare fiscal cyclicality across Asia, ...