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Age Effects in the Okun's Law within the Eurozone

Discussion Papers 1243, 8 S.

Oliver Hutengs, Georg Stadtmann


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We estimate Okun 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.

JEL-Classification: E24;F50;C23
Keywords: Okun's law, labor market, youth unemployment
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