The Covid-19 outbreak is quickly developing into an economic crisis. A top priority for the Government now is to maintain employment and ensure firms can quickly recover when the lockdown ends. Read more
David joins The New Zealand Initiative as a Research Fellow after spending three years in the Economics Department of the Organisation for Economic Co-operation and Development (OECD) in Paris. Between 2003 and 2016 he worked in the New Zealand public sector, undertaking economic research and analysis for the Treasury, the Commerce Commission and the Electricity Authority.
David holds a PhD in economics from Victoria University of Wellington with a focus on policy evaluation in the areas of savings and housing.
Policy Point: Stay on Target (2020)
Policy Point: Short-time work to maintain employment (2020)
Phone: 04 494 9101
The Government’s response to the global coronavirus pandemic is expected to lead to a deep recession. Many companies are faced with laying off employees. While the Government has announced plans to assist people without jobs and companies in distress, our research fellow David Law says other plans maybe more helpful. He discusses the details with our chief editor Nathan Smith in this week's podcast. Read more
The pandemic-induced recession creates a strong case for the Government to support struggling workers with targeted assistance, rather than a Universal Basic Income (UBI), according to the new policy paper Stay on Target by The New Zealand Initiative. As the Government searches for fresh and innovative ideas to prepare for the worst economic effects of shutting down the country’s commerce over four weeks, it has tentatively proposed the introduction of a universal basic income scheme. Read more
The Covid-19 outbreak is quickly developing into an economic crisis. Maintaining employment and the ability of firms to recover quickly when the crisis abates is critically important given that labour markets in several European countries are yet to fully recover from the Global Financial Crisis (GFC) of 2008.The Government has already taken steps to avoid this happening in New Zealand, including multiple measures to help both firms and workers like wage subsidies. Read more
Many international institutions will be considering the economic consequences of Covid-19 and what to do about it.For three years, I worked in the Economics Department of the Organisation for Economic Co-operation and Development (OECD) and contributed to the production of its Economic Outlook – a publication looking at the growth prospects and policy challenges of member countries.So, I know the OECD has some important advantages and can draw on the experiences of how its 36 members dealt with potentially similar... Read more