Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184526 
Year of Publication: 
2017
Citation: 
[Journal:] DANUBE: Law, Economics and Social Issues Review [ISSN:] 1804-8285 [Volume:] 8 [Issue:] 2 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2017 [Pages:] 97-110
Publisher: 
De Gruyter, Warsaw
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.
Subjects: 
Unemployment
Growth
Okun's Law
Austria
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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