| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11184 |
| DP11184 Revisiting Okun's relationship | |
| Jan C. van Ours; Robert Dixon; Guay Lim | |
| 发表日期 | 2016-03-22 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Our paper revisits Okun's relationship between observed unemployment rates and output gaps. We include in the relationship the effect of labour market institutions as well as age and gender effects. Our empirical analysis is based on 20 OECD countries over the period 1985-2013. We find that the share of temporary workers (which includes a high and rising share of young workers) played a crucial role in explaining changes in the Okun coefficient (the impact of the output gap on the unemployment rate) over time. The Okun coefficient is not only different for young, prime-age and older workers, it decreases with age. From a policy perspective, it follows that an increase in economic growth will not only have the desired outcome of reducing the overall unemployment rate, it will also have the distributional effect of lowering youth unemployment. |
| 主题 | Labour Economics |
| URL | https://cepr.org/publications/dp11184 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540001 |
| 推荐引用方式 GB/T 7714 | Jan C. van Ours,Robert Dixon,Guay Lim. DP11184 Revisiting Okun's relationship. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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