Okun's Law, Development, and Demographics : Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups /

The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and economy groups. First, unemployment is more th...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: An, Zidong
Άλλοι συγγραφείς: Bluedorn, John, Ciminelli, Gabriele
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2021.
Σειρά:IMF Working Papers; Working Paper ; No. 2021/270
Θέματα:
Διαθέσιμο Online:Full text available on IMF
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100 1 |a An, Zidong. 
245 1 0 |a Okun's Law, Development, and Demographics :   |b Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups /  |c Zidong An, John Bluedorn, Gabriele Ciminelli. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (22 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and developing economies. Second, youth's unemployment is twice as sensitive as that of adults'. Third, women's unemployment is significantly less sensitive to demand than men's in advanced economies. These findings point to the highly unequal impacts of the business cycle across worker and economy groups. 
538 |a Mode of access: Internet 
650 7 |a Aggregate Human Capital  |2 imf 
650 7 |a Aggregate Labor Productivity  |2 imf 
650 7 |a Employment  |2 imf 
650 7 |a Intergenerational Income Distribution  |2 imf 
650 7 |a Unemployment  |2 imf 
650 7 |a Wages  |2 imf 
700 1 |a Bluedorn, John. 
700 1 |a Ciminelli, Gabriele. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/270 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/270/001.2021.issue-270-en.xml  |z IMF e-Library