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Acknowledgements
The authors thank Tayla Forward for excellent research assistance and Shuping Shi for providing helpful Matlab code.
Disclosure statement
No potential conflict of interest was reported by the author(s).
Notes
1 Fear of missing out.
2 Both pieces of legislation were motivated in part by concerns related to housing affordability. See Hansard debate 19 December 2017, https://www.parliament.nz/en/pb/hansard-debates/rhr/combined/HansDeb_20171219_20171219_16 and Hansard debate 8 September 2015, https://www.parliament.nz/en/pb/hansard-debates/rhr/document/51HansD_20150908/volume-708-week-27-tuesday-8-september-2015
Additional information
Funding
This work was supported by the Royal Society of New Zealand Marsden Fund [grant number 16-UOA-239]. Phillips acknowledges support from the Kelly Fund at the University of Auckland and the National Science Foundation [grant number SES 18-50860].
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