CHRISTL, MICHAEL, Köppl-Turyna M. , Kucsera D.

Si

Danube

Article

Científica

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✗

0.386

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85027988543&doi=10.1515%2fdanb-2017-0007&partnerID=40&md5=4428de03fb2c3c80f0b00bd2243a6be6

01/01/2017

2-s2.0-85027988543

10.1515/danb-2017-0007

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.

Austria; Growth; Okun's law; Unemployment

• MICHAEL CHRISTL