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What Matters for Job Finding and Separation in the long-run?

Evidence from Labour Market Dynamics in New Zealand.

Guanyu Zheng, Gulnara Nolan, Christopher Ball, Siddharth Kothari and Yosuke Kido

Non-technical summary

This Discussion Paper analyses job finding rates and job separation rates in New Zealand. We find that individual characteristics, including age, gender, ethnicity and education have a significant impact on job finding and separation rates, even after controlling for other factors.  Further, we find that higher separation rates of young workers play a large role in explaining differences in employment outcomes across age groups, while differences in finding rates are more important in explaining differences by education level. Both finding and separation rate differences are important in explaining differences across ethnicities. The results underscore the importance of well-targeted labour market support policies.

About the research programme

The Reserve Bank carries out a wide range of research related to monetary policy. This research programme may or may not change our overall view of monetary policy - whether rates should be raised or cut and by how much. The Reserve Bank’s overarching aim is to promote the prosperity and well-being of all New Zealanders. With monetary policy, our core focus is to support maximum sustainable employment and low and stable inflation. Monetary policy remains an effective, but blunt, tool to achieve these goals.

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