ON THE TIME-VARIATIONS OF OKUN’S LAW AND THE EFFECT OF LABOR’S SHARE

Material Information

Title:: ON THE TIME-VARIATIONS OF OKUN’S LAW AND THE EFFECT OF LABOR’S SHARE
Physical Description:: Book
Language:: English
Creator:: Baker, Gary Glenwood
Publisher:: New College of Florida
Place of Publication:: Sarasota, Fla.
Publication Date:: 2014

Genre:: Electronic Thesis or Dissertation
bibliography ( marcgt )
theses ( marcgt )
government publication (state, provincial, territorial, dependent) ( marcgt )
born-digital ( sobekcm )

Abstract:: In this thesis, I examine the stability in the post-war period of the gap version of the Okun relationship by estimating a time-varying parameter with a Kalman filter algorithm. I then propose labor’s share of income as a cointegrating series for our estimated time-series. Using post-war data for the United States, I find that the Okun coefficient has increased in absolute value significantly since 1980 and that much of the change can be explained by the fall in labor’s share of income during the same time period.
Statement of Responsibility:: by Gary Glenwood Baker
Thesis:: Thesis (B.A.) -- New College of Florida, 2014
General Note:: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography:: Includes bibliographical references.
General Note:: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
General Note:: Faculty Sponsor: Khemraj, Tarron