Okun revisited: Who benefits most from a strong economy?

Autor/inn/en	Aaronson, Stephanie R.; Daly, Mary C.; Wascher, William L.; Wilcox, David W.
Titel	Okun revisited: Who benefits most from a strong economy? Gefälligkeitsübersetzung: Okun neubetrachtet: Wer profitiert am meisten von einer starken Wirtschaft?
Quelle	In: Brookings papers on economic activity, (2019) Spring, S. 333-404 PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	0007-2303; 1533-4465
Schlagwörter	Frau; Einkommenshöhe; Konjunkturaufschwung; Wirtschaftswachstum; Arbeitslosenquote; Arbeitsmarktchance; Erwerbsbeteiligung; Qualifikation; Auswirkung; Benachteiligung; Konjunkturabhängigkeit; Hispanoamerikaner; Schwarzer; Weißer; USA
Abstract	"Previous research has shown that the labor market experiences of less advantaged groups are more cyclically sensitive than the labor market experiences of more advantaged groups; in other words, less advantaged groups experience a high-beta version of the aggregate fluctuations in the labor market. For example, when the unemployment rate of whites increases by 1 percentage point, the unemployment rates of African Americans and His-panics rise by well more than 1 percentage point, on average. This behavior is observed across other labor market indicators, and is roughly reversed when the unemployment rate declines. We update this work to include the post - Great Recession period and extend the analysis to consider whether these high-beta relationships change when the labor market is especially tight. We find suggestive evidence that when the labor market is already strong, a further increment of strengthening provides a modest extra benefit to some disadvan-taged groups, relative to earlier in the labor market cycle. In addition, we provide preliminary evidence suggesting that these gains are somewhat persistent for African Americans and women." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2020/3