1 Department of Business and Economics, Faculty of Business and Social Sciences, SDU2 unknown3 Department of Business and Economics, Faculty of Business and Social Sciences, SDU
We estimate Okun's 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.
Applied Economics Letters, 2013, Vol 20, Issue 9, p. 821-825
Okun's law labour market youth unemployment Eurozone E24 F50 C23 OECD COUNTRIES CROSS-COUNTRY