unemployment is affected by different labour market institutions (LMI) such as labour taxes, unemployment benefits, employment …The development of the unemployment rate differs substantially between OECD countries. In recent years some countries … experienced a mild increase, other countries had a stable unemployment rate, while there are also 'successful' countries in which …

Our paper revisits Okun's relationship between observed unemployment rates and output gaps. We include in the … relationship the effect of labour market institutions as well as age and gender effects. Our empirical analysis is based on 20 OECD … unemployment rate) over time. The Okun coefficient is not only different for young, prime-age and older workers, it decreases with …