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On Okun’s law in OECD countries: An analysis by age cohorts

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  • Zanin, Luca

Abstract

This study investigates Okun’s law in OECD countries by examining estimates for male and female age cohorts for the period 1998–2012. We find that the estimated Okun coefficients are not always statistically significant for each subgroup of the population. Our results also highlight a general common pattern of higher Okun coefficients for the youngest cohorts. This suggests that the young population, and particularly the young male population, tends to be most exposed to the business cycle in both developed and emerging OECD countries.

Suggested Citation

  • Zanin, Luca, 2014. "On Okun’s law in OECD countries: An analysis by age cohorts," Economics Letters, Elsevier, vol. 125(2), pages 243-248.
    • Handle: RePEc:eee:ecolet:v:125:y:2014:i:2:p:243-248
    DOI: 10.1016/j.econlet.2014.08.030
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    References listed on IDEAS

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    More about this item

    Keywords

    Age cohorts; Economic growth; Labor market; OECD countries; Okun’s law;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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