Okun S Law Development And Demographics Differences In The Cyclical Sensitivities Of Unemployment Across Economy And Worker Groups

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BOOK EXCERPT:

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.

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Genre : Business & Economics
Author : Zidong An
Publisher : International Monetary Fund
Release : 2021-11-12
File : 22 Pages
ISBN-13 : 9781616356040


Oecd Regions And Cities At A Glance 2022

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BOOK EXCERPT:

OECD Regions and Cities at a Glance presents indicators on individual regions and cities since the turn of the new millennium. It provides a comprehensive picture of past successes and likely challenges that regions and cities in OECD members and partner countries will face in their efforts to build stronger, more sustainable and more resilient economies.

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Genre :
Author : OECD
Publisher : OECD Publishing
Release : 2022-11-15
File : 135 Pages
ISBN-13 : 9789264733589