Dixon, Robert J.; Lim, Guay C.; Ours, Jan C. van - 2016
age. From a policy perspective, it follows that an increase in economic growth will not only have the desired outcome of …Our paper revisits Okun's relationship between observed unemployment rates and output gaps. We include in the … unemployment rate) over time. The Okun coefficient is not only different for young, prime-age and older workers, it decreases with …