Okun’s Law and Youth Unemployment in Germany and Poland
Unemployment rates, especially among youth, have increased in various countries of Europe over the last years. This paper examines changes in youth unemployment in Germany and Poland with Okun’s law, testing that young employees are more vulnerable to the business cycle. I estimate country specific...
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| Format: | Article |
| Language: | English |
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Sciendo
2016-03-01
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| Series: | International Journal of Management and Economics |
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| Online Access: | https://doi.org/10.1515/ijme-2016-0003 |
| _version_ | 1811272790549987328 |
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| author | Dunsch Sophie |
| author_facet | Dunsch Sophie |
| author_sort | Dunsch Sophie |
| collection | DOAJ |
| description | Unemployment rates, especially among youth, have increased in various countries of Europe over the last years. This paper examines changes in youth unemployment in Germany and Poland with Okun’s law, testing that young employees are more vulnerable to the business cycle. I estimate country specific Okun coefficients for five different age cohorts. The results show that youth in Poland is more sensitive to business cycle fluctuations than adults, while in Germany the difference between the age cohorts is not that distinctive. In addition, cohort differences in Germany are not statistically significant, while they are significant in Poland but only with regard to the two oldest age cohorts. |
| first_indexed | 2024-04-12T22:46:38Z |
| format | Article |
| id | doaj.art-1413a68ab74647cebb6685f0bc8bfd48 |
| institution | Directory Open Access Journal |
| issn | 2299-9701 |
| language | English |
| last_indexed | 2024-04-12T22:46:38Z |
| publishDate | 2016-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | International Journal of Management and Economics |
| spelling | doaj.art-1413a68ab74647cebb6685f0bc8bfd482022-12-22T03:13:29ZengSciendoInternational Journal of Management and Economics2299-97012016-03-01491345710.1515/ijme-2016-0003ijme-2016-0003Okun’s Law and Youth Unemployment in Germany and PolandDunsch Sophie0Faculty of Business and Economics, European University Viadrina, Frankfurt (Oder), GermanyUnemployment rates, especially among youth, have increased in various countries of Europe over the last years. This paper examines changes in youth unemployment in Germany and Poland with Okun’s law, testing that young employees are more vulnerable to the business cycle. I estimate country specific Okun coefficients for five different age cohorts. The results show that youth in Poland is more sensitive to business cycle fluctuations than adults, while in Germany the difference between the age cohorts is not that distinctive. In addition, cohort differences in Germany are not statistically significant, while they are significant in Poland but only with regard to the two oldest age cohorts.https://doi.org/10.1515/ijme-2016-0003youth unemploymentokun’s lawpolandgermanye24j64 |
| spellingShingle | Dunsch Sophie Okun’s Law and Youth Unemployment in Germany and Poland International Journal of Management and Economics youth unemployment okun’s law poland germany e24 j64 |
| title | Okun’s Law and Youth Unemployment in Germany and Poland |
| title_full | Okun’s Law and Youth Unemployment in Germany and Poland |
| title_fullStr | Okun’s Law and Youth Unemployment in Germany and Poland |
| title_full_unstemmed | Okun’s Law and Youth Unemployment in Germany and Poland |
| title_short | Okun’s Law and Youth Unemployment in Germany and Poland |
| title_sort | okun s law and youth unemployment in germany and poland |
| topic | youth unemployment okun’s law poland germany e24 j64 |
| url | https://doi.org/10.1515/ijme-2016-0003 |
| work_keys_str_mv | AT dunschsophie okunslawandyouthunemploymentingermanyandpoland |