Faculty of Business, Economics and Law

Permanent link for this community

https://hdl.handle.net/10292/10756
The Faculty of Business, Economics and Law is committed to conducting research that matters. Research that matters is both research of high academic quality and impact, and research of relevance and value for business, the professions, government and society. The Faculty of Business, Economics and Law, comprises The AUT Business School, The AUT Law School and The School of Economics as well as a research institute and five research centres.

Browse

Browsing Faculty of Business, Economics and Law by Subject "14 Economics"

Now showing 1 - 7 of 7
  • Thumbnail Image
    Item
    Basic Reading and Mathematics Skills and the Labour Market Outcomes of Young People: Evidence from PISA and Linked Administrative Data
    (Wiley, 2023-08-01) Meehan, Lisa; Pacheco, Gail; Schober, Thomas
    This paper uses Programme for International Student Assessment (PISA) data linked to administrative data to track the educational and labour market outcomes of young people. Students with lower skills have lower rates of participation in further education. While low-skilled men out-earn their higher-skilled counterparts when they are very young, their earnings are overtaken by those with higher skills when they are in their early 20s, and they earn around 15 per cent less by the age of 25. The differences among women are substantially larger – women with low skills earn approximately 35 per cent less than their higher-skilled counterparts by age 25.
  • Thumbnail Image
    Item
    Did Economic Cooperation Encourage Trade in Essential Medical Goods? Empirical Evidence from the Asia-Pacific During COVID-19
    (Wiley, 2024-03-19) Sen, Rahul; Basu Das, Sanchita
    Our paper empirically investigates the role of economic cooperation involving trade in coronavirus disease (COVID-19)-related essential medical goods—vaccines and their value chains, personal protective equipment, and diagnostic test kits—across 29 Asia and the Pacific economies. The paper incorporates vaccines and their global value chain products trade for the first time in the empirical literature. We further investigate whether trade facilitation, proxied by membership in regional trade agreements (RTAs), can help mitigate any adverse impact on trade in essential medical goods, applying a structural gravity framework. The results confirm that while trade is critical for Asian economies, its nature differs. Low-income economies are largely dependent on imports, whereas selected middle- and high-income economies are part of two-way trade and engaged in the low end of the vaccine value chain. We find that the onset of the pandemic has hurt exports of these goods. This adverse effect is found to be lowered for economies engaged in RTAs. This emphasizes the role of governments in committing to RTAs and implementing trade facilitation measures.
  • Thumbnail Image
    Item
    Parents’ Earnings Response to Youth Suicide: Evidence From New Zealand Administrative Records
    (Elsevier BV, ) Mertz, Mikkel; Mitchell, Livvy; Skov, Peer Ebbesen
    The loss of a child is one of the most devastating shocks a parent can experience. We provide the first estimates of the direct effect of youth suicide on parental labour earnings. We use mortality data in the New Zealand Integrated Data Infrastructure to identify youth who died from intentional self-harm, and birth records to identify affected parents and their wage and salary information. We graph the parental earnings profiles before and after the suicide event, and construct counterfactual earnings profiles for the affected parents, using a comparison group of parents hit by the same shock in the future. Our results show that labour earnings for affected households drop by approximately 6.5% compared to their counterfactual earnings following the child loss, and that the earnings drop persists for at least two years following the suicide.
  • Thumbnail Image
    Item
    Pricing Guaranteed Annuity Options in a Linear-Rational Wishart Mortality Model
    (Elsevier BV, 2024-01-22) Da Fonseca, José
    This paper proposes a new model, the linear-rational Wishart model, which allows the joint modelling of mortality and interest rate risks. Within this framework, we obtain closed-form solutions for the survival bond and the survival floating rate bond. We also derive a closed-form solution for the guaranteed annuity option, i.e., an option on a sum of survival (floating rate) bonds, which can be computed explicitly up to a one-dimensional numerical integration, independent of the model dimension. Using realistic parameter values, we provide a model implementation for these complex derivatives that illustrates the flexibility and efficiency of the linear-rational Wishart model.
  • Thumbnail Image
    Item
    Sexual Orientation and Earnings in New Zealand
    (Elsevier, 2023-12-13) Carpenter, Christopher; Dasgupta, Kabir; Plum, Alexander
    We provide the first evidence on sexual orientation and earnings in New Zealand (NZ), one of the most inclusive countries for LGBTQ+ people in the world. We use confidential linked census-tax data to compare outcomes for individuals in same-sex couples versus different-sex couples. We find patterns of earnings differentials in NZ that are strikingly similar to those documented in other developed countries: men in same-sex couples earn about 7 percent less than otherwise similar men in different-sex couples while women in same-sex couples earn about 6 percent more than otherwise similar women in different-sex couples.
  • Thumbnail Image
    Item
    The Effect of Late Payment Penalties on the Payment Timing of Owed Taxes
    (Elsevier BV, 2023-06) Skov, Peer Ebbesen
    This paper studies the effectiveness of a policy designed to influence the timing decision for payments of owed taxes. Owed taxes arise when the sum of the foregoing tax year’s preliminary tax payments falls short of the total tax liability. In 2009 the Danish tax authority (SKAT) introduced an annualised penalty rate of 4.6%. Using administrative tax data, I show that the penalty rate introduction led to a 50-day advancement of payments.
  • Thumbnail Image
    Item
    What Influences Demand for Buy Now, Pay Later Credit?
    (Elsevier BV, 2024-07) Chen, Tao; Marshall, Ben R; Nguyen, Nhut H; Visaltanachoti, Nuttawat
    We investigate the determinants of demand for Buy Now, Pay Later (BNPL) credit using a comprehensive database from New Zealand. We consider both absolute demand and relative to total personal lending demand. The results indicate that BNPL is more popular with single individuals, younger people, and those on lower incomes. There is a negative relation between absolute and relative BNPL demand and interest rates. BNPL demand was reduced during the period around responsible lending legislation changes, even though these were not specifically related to BNPL, while demand increased following the end of COVID-19 lockdowns.
Items in these collections are protected by the Copyright Act 1994 (New Zealand). These works may be consulted by you, provided you comply with the provisions of the Act and the following conditions of use:
  • Any use you make of these works must be for research or private study purposes only, and you may not make them available to any other person.
  • Authors control the copyright of their works. You will recognise the author’s right to be identified as the author of the work, and due acknowledgement will be made to the author where appropriate.
  • You will obtain the author’s permission before publishing any material from the work.