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This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015052585
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …
Persistent link: https://www.econbiz.de/10010189833
This paper provides evidence for a positive effect of total factor productivity growth on unemployment in cross …-country regressions for OECD countries. The paper explains this empirical result with an exogenous growth model with unemployment due to … implies cross-country differences in unemployment rates due to differences in the steady-state capital-output ratios. In turn …
Persistent link: https://www.econbiz.de/10012728652
to zero in the long run. We show that these restrictions imply that unemployment due to automation is expected to …
Persistent link: https://www.econbiz.de/10012916066
unemployment rates for 25-39 year-olds and those with at least university degrees are the least affected groups. There is also … dynamics of labor force participation rates (LFPR) as a fundamental determinant of unemployment rate. According to the MS …
Persistent link: https://www.econbiz.de/10012592026
with the 1980s recession it is concluded that there is a high cross-country correlation of the unemployment rates over the …. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates … impact. To analyze how economic growth and labor market institutions have affected unemployment two types of models are …
Persistent link: https://www.econbiz.de/10013029525
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …
Persistent link: https://www.econbiz.de/10013075132
, it is known that there is a reverse relation between unemployment and growth known as Okun's Law. This relation …, suggesting that every 1 point decrease in unemployment induces a 3 point increase in growth, is tested for many countries. In … difference in coefficients. At the same time, long term relation between growth and unemployment is tested with the use of time …
Persistent link: https://www.econbiz.de/10013053730
Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10013320786
unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the …
Persistent link: https://www.econbiz.de/10014035504