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Acknowledgements
We thank Bob Buckle, Simon Chapple, Sylvia Dixon, Roger Hurnard, Dave Maré, John Scott, Steve Stillman, Peter Wilson and seminar participants at Motu’s Understanding Adjustment and Inequality workshop and at the Treasury for helpful comments and discussions. Access to the data used in this study was provided by Statistics New Zealand under conditions designed to give effect to the security and confidentiality provisions of the Statistics Act 1975. Any views expressed are the sole responsibility of the authors and do not purport to represent those of the Treasury or Statistics New Zealand.
Disclaimer
The views, opinions, findings, and conclusions or recommendations expressed in this Working Paper are strictly those of the author(s). They do not necessarily reflect the views of the New Zealand Treasury. The Treasury takes no responsibility for any errors or omissions in, or for the correctness of, the information contained in these working papers. The paper is presented not as policy, but with a view to inform and stimulate wider debate.