Do higher skills help mitigate the negative impact of economic crises? We study the effect of two major economic setbacks-the Global Financial Crisis (GFC) in 2007-09 and the COVID-19 lockdown in 2020-on wage progression for New Zealanders with different skill levels. For our analysis, we link...

Do higher skills help mitigate the negative impact of economic crises? We study the effect of two major economic setbacks–the Global Financial Crisis (GFC) in 2007-09 and the COVID-19 lockdown in 2020–on wage progression for New Zealanders with different skill levels. For our analysis, we...

Several studies have shown significant persistence in low pay, along with a greater probability of moving out of low pay and into higher pay in the future. Low-paid jobs are therefore often deemed stepping stones, rather than dead-ends. However, using point-in-time information past literature...