New Zealand Labor Market Dynamics: Pre- and Post-global Financial Crisis

Determinants of ins and outs of unemployment

“…These flow rates reflect the probabilities that an employed worker becomes unemployed and that an unemployed worker finds a job. The dynamics of unemployment, its ins and outs, has been studied for the U.S. (Fujita and Ramey (2009); Yashiv (2007); Shimer (2012)), OECD countries (Elsby, Hobijn, and Şahin, 2013), UK (Smith (2011); Gomes (2012)), France (Hairault, Le Barbanchon, and Sopraseuth, 2015), Germany (Rahn and Weber, 2017), Japan (Lin and Miyamoto, 2012), New Zealand (Razzak, 2016) and Europe (Petrongolo and Pissarides, 2008). However, little is known about the driving forces behind the unemployment inflow and outflow rates.…”