Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the …

This paper provides a unified account of the trends in unemployment and labor force participation pertaining to the … the United States, (ii) the similar but more pronounced decline in Europe alongside rising unemployment rates and (iii …) differences across European countries in the role played respectively by unemployment and labor force participation. The model …

that households with a participating wife are better able to deal with unemployment of the husband. A supplementary … sensitive to his own unemployment income if the wife is nonparticipating. This implies that unemployment benefits have a …