Age- and Gender-Specific Unemployment and Okun's Law in CEE Countries. Issue 4 (4th July 2017)

• Record Type: Journal Article
• Authors: Dunsch, Sophie
• Is Part Of: Eastern European economics. Volume 55:Issue 4(2017)
• Page Start: 377
• Page End: 393
• Publication Date: 2017-07-04
• Subjects: CEE countries -- gender -- Okun's law -- youth unemployment; E24 -- E32 -- C23; Europe, Eastern -- Economic conditions -- Periodicals; 330.947
• DOI: 10.1080/00128775.2017.1338962
• Languages: English
• ISSNs: 0012-8775

Abstract

Abstract : Unemployment rates, especially youth unemployment rates, have increased in various countries of Europe over the last years. This article examines age- and gender-specific unemployment rates in Central and Eastern European countries by using Okun's law. It tests the hypothesis that young people are more vulnerable to business cycle fluctuations. Gender- and age-specific Okun coefficients for ten different countries plus the EU-15 are estimated. The results show that young people in the CEE countries are predominantly more sensitive to business cycle fluctuations, independent of gender.