Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Treasury publishes five new Working Papers

Treasury publishes five new Working Papers

The Treasury published five new Working Papers today, covering analysis of making food GST-free, labour supply, wages, migration, and housing.

Food Expenditure and GST in New Zealand (WP 14/07) was written by Christopher Ball, John Creedy and Michael Ryan. This paper analyses the effects of zero-rating food in a goods and services tax. First, the poor targeting of a policy of zero-rating food is illustrated in a simple model where the revenue lost from zero-rating food is instead devoted to a universal transfer payment, with a larger effect on progressivity. Second, the paper investigates the welfare effects on New Zealand households of zero-rating food, for a range of household types. The analysis supports earlier studies suggesting that indirect tax exemptions and zero-rating provide a poor redistributive instrument compared with the use of direct taxes and transfers.

Estimation of Labour Supply in New Zealand (WP 14/08) was written by Joseph Mercante and Penny Mok. The paper finds the preference for work is significantly higher for partnered women with higher education, lower for those with more children, and lower for those with a youngest child between 0 and 3 years of age. The impact of children is not significant for partnered men. The preference for work for single men seems to be slightly different from single women. However when taking account of single men living with parents, it is found that their preference for work is also higher with higher education levels. The preference for work for single parents has been increasing over time, and is lower for single parents with more children. Single parents living with their parents tend to increase their preferences for work, indicating the possibility of obtaining childcare from their parents, although the effect is not significant.

Estimation of Wage Equations for New Zealand (WP 14/09) was written by Joseph Mercante and Penny Mok. This paper estimates wage equations based on pooled data from the Household Economic Survey from 2006/7 to 2010/11. Equations are estimated separately for couple men and women, single men and women, and sole parents. In estimating the wage equations the authors take account of education, ethnicity, geography and industry and occupation. They also take account of the trend in wages over time and the business cycle by including controls for the unemployment rate and a time trend variable. The paper finds that wage rates are positively related to age, education and experience but the wage rates are generally lower for non-Europeans and for people living outside Auckland.

Migration and Macroeconomic Performance in New Zealand: Theory and Evidence (WP 14/10) was written by Julie Fry. The paper considers a large number of the potential effects of immigration on the New Zealand macroeconomy. It concludes that the evidence points to modest positive effects from immigration in the labour market, on agglomeration and connectedness, and by mitigating the effects of population ageing. It also concludes that immigration has likely had moderate negative effects on the housing market, and may plausibly have contributed to New Zealand’s persistently high exchange and interest rates, although this isn’t established empirically. However, the author emphasises that the overall impacts of migration on the New Zealand macroeconomy are uncertain, and cautions against using the paper’s findings to determine migration policy.

Housing Affordability: Lessons from the United States (WP 14/11) was written by Mark Skidmore. This paper compares and contrasts New Zealand housing trends and policies with those of the United States. The paper summarises lessons learned from the United States and highlights data needs and research questions that may require further consideration in order to better understand housing markets in New Zealand.


Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: A Govt. Christmas Bad News Dump -The Skycity Convention Center Blowout & A Negative MBIE Review

If the government really did have good tidings of great joy you can bet it wouldn’t be strewing them about at Christmas time – which is, traditionally, the dumping ground for terrible news that the government fervently hopes the public will be too distracted to notice. And so verily this Christmas Eve we learn of (a) the explosion of costs to the taxpayer and ratepayer of the vile SkyCity convention centre in Auckland and that (b) the government’s flagship MBIE “super-ministry” run by its Minister of Everything is a disaster zone of incompetence and mismanagement. MBIE is a Titanic looking for an iceberg, or so it would seem. More>>

 

Parliament Adjourns:

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims

The heavily redacted report into the incident shows conflicting versions of events as told by Gerry Brownlee and the Christchurch airport security staff. The report disputes Brownlee’s claim that he was allowed through, and states that he instead pushed his way through. More>>

ALSO:

TAIC: Final Report On Grounding Of MV Rena

Factors that directly contributed to the grounding included the crew:
- not following standard good practice for planning and executing the voyage
- not following standard good practice for navigation watchkeeping
- not following standard good practice when taking over control of the ship. More>>

ALSO:

Gordon Campbell:
On The Pakistan Schoolchildren Killings

The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto something that’s become a pop cultural meme. Fans of the Homeland TV series will be well aware of the collusion between sections of the Pakistan military/security establishment on one hand and sections of the Taliban of the other… More>>

ALSO:

Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
‘Say what will sound most pleasant to the public’ is my main dictum:
And when in doubt attack someone who already is a victim More>>

ALSO:

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

ALSO:

Intelligence: Inspector-General Accepts Apology For Leak Of Report

The Inspector-General of Intelligence and Security, Cheryl Gwyn, has accepted an unreserved apology from Hon Phil Goff MP for disclosing some of the contents of her recent Report into the Release of Information by the NZSIS in July and August 2011 to media prior to its publication. The Inspector-General will not take the matter any further. More>>

ALSO:

Drink: Alcohol Advertising Report Released

The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

ALSO:

Other Report:

Leaked Cabinet Papers: Treasury Calls For Health Cuts

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news