Christl, Michael; Köppl-Turyna, Monika; Kucsera, Dénes - In: Danube : law and economics review 8 (2017) 2, pp. 97-110
We estimate the classic and the dynamic variant of Okun’s law for the Austrian labor market. We find that, for recent periods, the growth rate necessary to stabilize the unemployment rate equals 2.8 percent. Moreover, we find that the rate has been growing in recent quarters due to the...