Dixon, Robert, Lim, Guay, Van Ours, Jan, (2016), “Output gaps and unemployment by age and gender”, Voxeu, 3 Μαΐου
Okun’s law describes the positive empirical relationship between unemployment and the output gap. This column explores how this relationship differs depending on age and gender, taking into account different labour market institutions. Using data for 20 OECD countries over three decades, the authors find that the effect of Okun’s relationship decreases with age. Labour market institutions have similar effects on the unemployment rates of all groups, though magnitudes vary by age and gender.
Σχετικές Αναρτήσεις
- Papadopoulos, Orestis, (2016), “Economic crisis and youth unemployment: Comparing Greece and Ireland”, European Journal of Industrial Relations, 23 Φεβρουαρίου
- Saraceno, Francesco, (2016), “Unemployment: EMU Policymakers Focus On The Wrong Problem”, Social Europe Journal, 9 Φεβρουαρίου