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Do gender and age impact the time‐varying Okun's law? Evidence from South Korea

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  • Myeong Jun Kim
  • Sung Y. Park

Abstract

This study investigates the time‐varying Okun's law for different age and gender cohorts in South Korea over the 1980–2014 period. We found that the absolute value of the estimated Okun coefficients for all age cohorts and both genders become larger in a recession than in an expansion. We also found that the youth cohort (15–24 years old) for both genders is more sensitive to a negative economic impact than are older cohorts. These differences imply that when policymakers try to find a way of reducing the unemployment rate, they should consider differences in behaviour among these groups. Furthermore, the policies should be combined with age‐specific policies.

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  • Myeong Jun Kim & Sung Y. Park, 2019. "Do gender and age impact the time‐varying Okun's law? Evidence from South Korea," Pacific Economic Review, Wiley Blackwell, vol. 24(5), pages 672-685, December.
    • Handle: RePEc:bla:pacecr:v:24:y:2019:i:5:p:672-685
    DOI: 10.1111/1468-0106.12288
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    Cited by:

    1. Mindaugas Butkus & Laura Dargenyte-Kacilevièiene & Kristina Matuzevièiute & Janina Šeputiene & Dovile Rupliene, 2023. "Age- and Gender-specific Output-employment Relationship across Economic Sectors," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 71(1), pages 3-22, January.

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