-term estimate of Okun’s coefficient implying that the deviation in unemployment during the crisis resulted from a larger output gap … commentators have argued that the subsequent rise in unemployment exceeded previous estimates of the elasticity of the unemployment … rate with respect to output growth, a statistical relationship known as Okun’s law. In contrast, others find a stable, long …

The trade-off between output and unemployment has become an essential part of modern macroeconomics and is known as … Okun's law. However, in transition and emerging markets economies' context, the output-employment nexus has a much more … transition) countries to find out a discrepancy between the output and employment growth. Therefore, the employment elasticity …

-examination of Okun's law shows that informality dampens changes in unemployment accompanying output fluctuations. Moreover, we … commodity boom period led to important gains in employment and a fall in the unemployment rate as labor demand outpaced an … contribute to reducing informality and increasing the responsiveness of labor markets to output growth. However, looking at …

studies for West Germany and Germany, respectively. The authors find that the elasticity of employment with respect to output … Beschäftigung in Bezug auf den Output robust geschätzt wird und somit auf den Wert Eins restringiert werden kann. Die Elastizität …

could induce involuntary low-skilled unemployment. …

reduction of unemployment benefits on the other reduce unemployment? Using the recent labour market reform in Germany as … background we find that the role of unemployment benefit reduction for the reduction of unemployment is very modest (7% of the … the observed post-reform unemployment decline. If disincentive effects of PEA reforms had been avoided, the effect could …