{"id":51491,"date":"2023-12-01T17:38:29","date_gmt":"2023-12-01T16:38:29","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/the-pyramid-of-okuns-coefficient-for-italy\/"},"modified":"2025-10-22T22:14:49","modified_gmt":"2025-10-22T20:14:49","slug":"the-pyramid-of-okuns-coefficient-for-italy","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/51491\/","title":{"rendered":"The pyramid of Okun's coefficient for Italy"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-51491","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Our aim is to propose a pyramid of Okun's coefficient by age and gender in the Italian labour force using a varying-coefficient model. The unemployment rate by age and gender \u2013 useful information for estimating Okun's relationship \u2013 is not available for Italy from official statistics. Therefore, we provide an estimation of the indicator using microdata for the 2005-2014 period from ISTAT, the Italian labour force survey. Okun's law is investigated using two measures of the unemployment rate: a traditional measure based on a labour force with and without work experience, and a new measure restricted to the labour force with experience. When Okun's relationship is estimated using the unemployment rate restricted to the labour force with experience, the young population is less sensitive to business cycles. As the workforce ages, this gap in sensitivity tends to shrink. We also found that there are no significant differences by gender in the magnitude of Okun's coefficient among the youngest population when considering the unemployment rate restricted to the labour force with experience.","onlinedate":"2018-02-01 01:00:00","lang":"English","publication_series":"","publication_date":"20180201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Binary generalised extreme value additive model\",\"Economic growth\",\"Okun's coefficient\",\"Unemployment rate\",\"Varying-coefficient model\"]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"http:\/\/www.springer.com\/10663","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"45","monthly_report_pages":"17-28","monthly_report_pages_sort":"17","issue":"1","journal":"Empirica","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3510],"collaboration":"","persons":[12781],"persons_data":"[{\"personId\":12781,\"personName\":\"Luca Zanin\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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