Age Effects in the Okun's Law within the Eurozone
We 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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- 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 240-243, 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.
- 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. Full references (including those not matched with items on IDEAS)
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