Table 1 Model estimation
From: Okun coefficients and participation coefficients by age and gender
Male | Female | ||
|---|---|---|---|
Common | Period (months) | 81.95 | 105.65 |
ρ | 0.9887 | 0.9898 | |
\(\sigma _{\kappa }^{2}\) | 0.0253 | 0.0272 | |
GDP (g t ) | \(\sigma _{\varepsilon g}^{2}\) | ||
\(\sigma _{\tau g}^{2}\) | 0.1262 | 0.1398 | |
ω g | 1.0000 | 1.0000 | |
Q(24) p val.* | 1.0000 | 0.9970 | |
Unemployment (u t ) | \(\sigma _{\varepsilon u}^{2}\) | 0.0067 | 0.0227 |
\(\sigma _{\tau u}^{2}\) | 0.0145 | 0.0143 | |
ω u | −0.7699 | −0.5246 | |
Q(24) p val. | 0.1360 | 0.8570 | |
Participation (p t ) | \(\sigma _{\varepsilon p}^{2}\) | 0.0170 | 0.0184 |
\(\sigma _{\tau p}^{2}\) | 0.0096 | 0.0171 | |
ω p | 0.1764 | 0.3437 | |
Q(24) p val. | 0.7360 | 0.1240 | |
Hours worked (h t ) | \(\sigma _{\varepsilon h}^{2}\) | 0.1510 | 0.1421 |
\(\sigma _{\tau h}^{2}\) | 0.0501 | 0.0089 | |
ω h | 1.4277 | 1.9391 | |
Q(24) p val. | 0.1130 | 0.1580 | |
Correl. Coeff. | r ε up | 0.7400 | 0.7846 |