Age Effects in the Okun's Law within the Eurozone
AbstractWe estimate Okun coefficients for five different age cohorts for several Eurozone countries. We find a stable pattern for all countries: The relationship between business-cycle fluctuations and the unemployment rate is the strongest for the youngest cohort and gets smaller for the elderly cohorts.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by DIW Berlin, German Institute for Economic Research in its series Discussion Papers of DIW Berlin with number 1243.
Length: 8 p.
Date of creation: 2012
Date of revision:
Okun's law; labor market; youth unemployment;
Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-09-16 (Economics of Ageing)
- NEP-ALL-2012-09-16 (All new papers)
- NEP-DEM-2012-09-16 (Demographic Economics)
- NEP-EEC-2012-09-16 (European Economics)
- NEP-LAB-2012-09-16 (Labour Economics)
- NEP-MAC-2012-09-16 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Blinder, Alan S, 1997. "Is There a Core of Practical Macroeconomics That We Should All Believe?," American Economic Review, American Economic Association, vol. 87(2), pages 240-43, May.
- Brian Silverstone & Richard Harris, 2001. "Testing for asymmetry in Okun's law: A cross-country comparison," Economics Bulletin, AccessEcon, vol. 5(2), pages 1-13.
- Christian Pierdzioch & Jan-Christoph Rulke & Georg Stadtmann, 2011. "Do professional economists' forecasts reflect Okun's law? Some evidence for the G7 countries," Applied Economics, Taylor & Francis Journals, vol. 43(11), pages 1365-1373.
- Holmes, Mark J. & Silverstone, Brian, 2006.
"Okun's law, asymmetries and jobless recoveries in the United States: A Markov-switching approach,"
Elsevier, vol. 92(2), pages 293-299, August.
- Mark J. Holmes & Brian Silverstone, 2005. "Okun's Law, Asymmetries and Jobless Recoveries in the United States: A Markov-Switching Approach," Working Papers in Economics 05/06, University of Waikato, Department of Economics.
- Kaufman, Roger T., 1988. "An international comparison of Okun's laws," Journal of Comparative Economics, Elsevier, vol. 12(2), pages 182-203, June.
- Edward S. Knotek & II, 2007. "How useful is Okun's law?," Economic Review, Federal Reserve Bank of Kansas City, issue Q IV, pages 73-103.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek).
If references are entirely missing, you can add them using this form.