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Gender asymmetry in Okun?s law in the four PIGS countries

Author

Listed:
  • Martin Bo?a

    (Matej Bel University in Banská Bystrica, Faculty of Economics)

  • Mariana Pova?anová

    (Matej Bel University in Banská Bystrica, Faculty of Economics)

Abstract

Centred on the four PIGS countries (Portugal, Italy, Greece and Spain) and using the quarterly data from Q2/1998 until Q4/2014, the paper investigates whether there exists gender asymmetries in Okun's law and whether male unemployment reacts identically to economic fluctuations as female unemployment does. Whilst the trend components of output, male and female unemployment are estimated with the aid of the HP filter, Okun's relationships are modelled in the SVAR framework assuming that cyclical fluctuations of the economy and the labour market with both male and female labour force are endogenous. It is established that gender is indeed a factor that makes the respective segments of the labour market respond slightly differently to changes in real output.

Suggested Citation

  • Martin Bo?a & Mariana Pova?anová, 2015. "Gender asymmetry in Okun?s law in the four PIGS countries," Proceedings of Economics and Finance Conferences 2204909, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:2204909
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    File URL: https://iises.net/proceedings/4th-economics-finance-conference-london/table-of-content/detail?cid=22&iid=012&rid=4909
    File Function: First version, 2015
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    Cited by:

    1. Irina SyssoyevaMasson & João Sousa Andrade, 2017. "Are PIIGS so Different? An Empirical Analysis of Demand and Supply Shocks," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 64(2), pages 189-222, March.

    More about this item

    Keywords

    Okun's law; gender; male unemployment; female unemployment; SVAR model.;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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