Okun's Law and Jobless Growth
Willi Semmler (),
Jeff Madrick and
Tarron Khemraj ()
No 2006-03, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School
This paper attempts to relate the recent discussion on jobless recovery, observed in the US economy since the 1990s, to the empirical studies on Okunâ€™s law, which postulates a specific empirical relationship between economic growth and the change in the rate of unemployment. Our general hypothesis is that if the Okun coefficient for the economy has weakened, it explains the jobless recovery.
Keywords: Okun's Law; Jobless Growth (search for similar items in EconPapers)
JEL-codes: D63 E21 H2 H30 (search for similar items in EconPapers)
Pages: 12 pages
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://www.economicpolicyresearch.org/images/docs/ ... 03_PN_Okun's_Law.pdf (application/pdf)
Working Paper: Okun's Law and Jobless Growth (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapn:2006_03
Access Statistics for this paper
More papers in SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School Contact information at EDIRC.
Bibliographic data for series maintained by Bridget Fisher ().