Age Effects in the Okun's Law within the Eurozone

Oliver Hutengs and Georg Stadtmann

No 1243, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: We estimate Okun coefficients for five different age cohorts for several Eurozone countries. We find a stable pattern for all countries: The relationship between business-cycle fluctuations and the unemployment rate is the strongest for the youngest cohort and gets smaller for the elderly cohorts.

Keywords: Okun's law; labor market; youth unemployment (search for similar items in EconPapers)
JEL-codes: C23 E24 F50 (search for similar items in EconPapers)
Pages: 8 p.
Date: 2012
New Economics Papers: this item is included in nep-age, nep-dem, nep-eec, nep-lab and nep-mac
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