Changes in cyclical patterns of the USA labor market: from the perspective of nonlinear Okun’s law
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DOI: 10.1080/02692171.2017.1339023
Abstract: The validity of Okun’s law has been debated because of the increase in cyclicality in aggregate hours after 1985. To investigate this, I measure Okun’s coefficients in three phases of the business cycle – recession,… read more here.
Keywords: usa labor; okun law; labor market; okun ... See more keywords