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.
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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.:
- 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.
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- 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.
- 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.
- 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.
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