TY - BOOK ID - 135667847 TI - Okun's Law, Development, and Demographics: Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups AU - An, Zidong. AU - Bluedorn, John. AU - Ciminelli, Gabriele. PY - 2021 SN - 1616354968 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - United States KW - Macroeconomics KW - Economics: General KW - Labor KW - Women''s Studies' KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Informal Economy KW - Underground Econom KW - Demand and Supply of Labor: General KW - Labor Force and Employment, Size, and Structure KW - Particular Labor Markets: General KW - Unemployment: Models, Duration, Incidence, and Job Search KW - Labor Standards: Labor Force Composition KW - Economics of Gender KW - Non-labor Discrimination KW - Economic & financial crises & disasters KW - Economics of specific sectors KW - Labour KW - income economics KW - Gender studies KW - women & girls KW - Labor force participation KW - Cyclical unemployment KW - Women KW - Gender KW - Currency crises KW - Informal sector KW - Economics KW - Labor market KW - Economic theory KW - Income economics KW - Women & girls KW - Women's Studies UR - https://www.unicat.be/uniCat?func=search&query=sysid:135667847 AB - The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and developing economies. Second, youth’s unemployment is twice as sensitive as that of adults’. Third, women’s unemployment is significantly less sensitive to demand than men’s in advanced economies. These findings point to the highly unequal impacts of the business cycle across worker and economy groups. ER -