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The macroeconomic impact of the age composition of migration

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Abstract

New Zealand is experiencing its largest inflow of net permanent and long-term migrants in 100 years, coinciding with relatively weaker domestic demand pressures. This paper assesses whether the age composition of migrants is an important factor to explain why economic pressures have been weaker than expected, given strong net immigration.

Suggested Citation

  • Tugrul Vehbi, 2016. "The macroeconomic impact of the age composition of migration," Reserve Bank of New Zealand Analytical Notes series AN2016/03, Reserve Bank of New Zealand.
    • Handle: RePEc:nzb:nzbans:2016/03
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    File URL: http://rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Analytical%20notes/2016/an2016-03.pdf
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    1. Andrew Coleman & John Landon-Lane, 2007. "Housing Markets and Migration in New Zealand, 1962-2006," Reserve Bank of New Zealand Discussion Paper Series DP2007/12, Reserve Bank of New Zealand.
    2. Gael Price, 2013. "Some revisions to the sectoral factor model of core inflation," Reserve Bank of New Zealand Analytical Notes series AN2013/06, Reserve Bank of New Zealand.
    3. Jed Armstrong & Chris McDonald, 2016. "Why the drivers of migration matter for the labour market," Reserve Bank of New Zealand Analytical Notes series AN2016/02, Reserve Bank of New Zealand.
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    Cited by:

    1. Adam Richardson, 2019. "New Zealand Wage Inflation Post-crisis," RBA Annual Conference Papers acp2019-02, Reserve Bank of Australia, revised Jul 2019.
    2. Neroli Austin & Geordie Reid, 2017. "NZSIM: A model of the New Zealand economy for forecasting and policy analysis," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 80, pages 1-14, January.
    3. Christie Smith & Christoph Thoenissen, 2018. "Migration and Business Cycle Dynamics," Working Papers 2018006, The University of Sheffield, Department of Economics.
    4. Bill Cochrane & Jacques Poot, 2019. "The Effects of Immigration on Local Housing Markets," Working Papers in Economics 19/07, University of Waikato.
    5. Smith, Christie & Thoenissen, Christoph, 2019. "Skilled migration and business cycle dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 109(C).

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