AUT Business School
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The AUT Business School conducts disciplinary research that is at the fore front of international knowledge. Their researchers are recognised experts in their fields and produce research of relevance to their academic and non-academic stakeholders. The AUT Business School has particular research strength in: Accounting, Business Information Systems, Economics, Finance, International Business, Management (including Human Resource Management and Employment Relations), Marketing, Advertising, Retailing and Sales.
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Browsing AUT Business School by Subject "14 Economics"
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- ItemBasic 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, ThomasThis 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.
- ItemDid 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, SanchitaOur 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.
- ItemParents’ Earnings Response to Youth Suicide: Evidence From New Zealand Administrative Records(Elsevier BV, ) Mertz, Mikkel; Mitchell, Livvy; Skov, Peer EbbesenThe 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.
- ItemPricing Guaranteed Annuity Options in a Linear-Rational Wishart Mortality Model(Elsevier BV, 2024-01-22) Da Fonseca, JoséThis 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.
- ItemSexual Orientation and Earnings in New Zealand(Elsevier, 2023-12-13) Carpenter, Christopher; Dasgupta, Kabir; Plum, AlexanderWe 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.