Output-unemployment asymmetry in Okun coefficients for OECD countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F21%3A39917594" target="_blank" >RIV/00216275:25410/21:39917594 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0313592620304513" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0313592620304513</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.eap.2020.12.004" target="_blank" >10.1016/j.eap.2020.12.004</a>
Alternative languages
Result language
angličtina
Original language name
Output-unemployment asymmetry in Okun coefficients for OECD countries
Original language description
Different asymmetries in Okun's law for 21 OECD countries over the period 1989-2019 are studied in the paper. To this end, an extended Okun equation accommodating possibly differentiated responsiveness to output and unemployment fluctuations is formulated applicable not only at the level of a whole economy, but also separately to gender-specific parts of the labor market in a system framework. For most of the countries, Okun's law asserts itself with a greater magnitude in years when output recedes than in those when it grows. In nearly all the countries, Okun's law is found stronger with decreases in unemployment and weaker or offset with rising unemployment. Finally, in the majority of the countries, male unemployment is more sensitive to output fluctuations than female unemployment, or there is no significant difference whatsoever. (c) 2020 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Economic Analysis and Policy
ISSN
0313-5926
e-ISSN
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Volume of the periodical
69
Issue of the periodical within the volume
March
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
17
Pages from-to
307-323
UT code for WoS article
000644970300020
EID of the result in the Scopus database
2-s2.0-85099205637