The extent to which people are saving for retirement is a key element in formulating public policy toward saving and retirement incomes. This paper adopts a life cycle model of wealth accumulation to estimate the saving rates that people would need in order to have an adequate income in...

Immigrants are typically found to have less wealth and hold it in different forms than the native born. These differences may affect both the economic assimilation of immigrants and overall portfolio allocation when immigrants are a large share of the population, as in New Zealand. In this...

This paper uses data from the Survey of Family, Income and Employment to estimate saving by the household sector in New Zealand during 2004--2006. Even our most conservative estimate is that at least 14% of gross income was saved during this period. By contrast, the indirectly derived Household...

This paper presents a cohort analysis of household income, consumption and saving in New Zealand. It is based on an analysis of unit record data from March years 1984 to 1998 taken from the Household Economic Survey (HES). These data are a series of cross-sectional surveys rather than a true...

R&D is as an important source of productivity growth in New Zealand and Australian agriculture. In this paper trends in public investment in R&D and in productivity growth are reviewed. Investment in R&D has been flat in both countries until an upturn in recent years in New Zealand. Nevertheless...

Over the next 50 years, New Zealand's population will age substantially. There has been wide debate about whether New Zealand should prepare for population ageing by increasing national savings. This question is addressed by choosing time paths for consumption, savings and debt, through the use...

Globalization and its Discontents by Joseph Stiglitz (London, Allen Lane; New York, W.W. Norton, 2002), xxii + 282 pp., ISBN 0 713 99664 1.

New Zealand's persistent current account deficits and high external debt level remain central to ongoing economic policy debate. However, what is often overlooked is the potentially positive macroeconomic contribution made by foreign finance. This paper suggests that foreign capital inflows, the...

Many countries try to protect their poor during structural adjustment. Targeting is needed to prevent benefits leaking to the non-poor but screening for direct transfers may be too costly for developing countries. One solution is indirect targeting, based on the characteristics of the poor....