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标题：Okun coefficients and participation coefficients by age and gender
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作者：Andrew Evans
期刊名称：IZA Journal of Labor Economics
电子版ISSN：2193-8997
出版年度：2018
卷号：7
期号：1
页码：1-22
DOI：10.1186/s40172-018-0065-8
出版社：Springer Verlag
摘要：Estimates of the Okun coefficient are made for Australian workers grouped by age and gender using an unobserved components model. By analogy we define and estimate a participation coefficient which measures the cyclical response of the labour force participation rate to cyclical output shocks. The trend and cycle decomposition methodology used here leads to higher absolute estimates of the Okun coefficient than those typically found in the literature, although we find a pattern of variation in the coefficient by age and gender which is typical. We also find that, in aggregate, participating males in the middle age groups tend to stay in the labour force throughout the business cycle whereas females of the same age tend to participate procyclically. This has policy implications for attempts to increase the rate of participation of particular groups by age and gender following a cyclical downturn.
关键词：C32; E32; J21; Okun’s Law; Labour force participation; Trend and cycle decomposition