<abstract xmlns="http://www.w3.org/1999/xhtml"><p> 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.</p></abstract>

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.

Okun’s Law in Austria

DANUBE

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Okun\u2019s 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...

Okun’s Law in Austria

Published Online: Jul 12, 2017

Page range: 97 - 110

DOI: https://doi.org/10.1515/danb-2017-0007

Keywords
Unemployment, Growth, Okun’s Law, Austria

© by Michael Christl

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Okun’s Law in Austria

Published Online: Jul 12, 2017

Page range: 97 - 110

DOI: https://doi.org/10.1515/danb-2017-0007

KeywordsUnemployment, Growth, Okun’s Law, Austria

© by Michael Christl

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Unemployment, Growth, Okun’s Law, Austria