Artikel
Okun's law in Austria
We estimate the classic and the dynamic variant of Okun's law for the Austrian labor market. We find that, for recent periods, the growth rate necessary to stabilize the unemployment rate equals 2.8 percent. Moreover, we find that the rate has been growing in recent quarters due to the increasing labor force size and the effects of the crisis. The latest prediction of the employment threshold lies above 3 percent, much above forecasted GDP growth up to 2017.
- Language
-
Englisch
- Bibliographic citation
-
Journal: DANUBE: Law, Economics and Social Issues Review ; ISSN: 1804-8285 ; Volume: 8 ; Year: 2017 ; Issue: 2 ; Pages: 97-110 ; Warsaw: De Gruyter
- Classification
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Wirtschaft
- Subject
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Unemployment
Growth
Okun's Law
Austria
- Event
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Geistige Schöpfung
- (who)
-
Christl, Michael
Köppl-Turyna, Monika
Kucsera, Dénes
- Event
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Veröffentlichung
- (who)
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De Gruyter
- (where)
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Warsaw
- (when)
-
2017
- DOI
-
doi:10.1515/danb-2017-0007
- Handle
- Last update
- 10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Christl, Michael
- Köppl-Turyna, Monika
- Kucsera, Dénes
- De Gruyter
Time of origin
- 2017
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