{"id":"https://openalex.org/W2014706295","doi":"https://doi.org/10.1080/758530144","title":"Okun's Law and the asymmetric and changing cyclical behaviour of the USA economy","display_name":"Okun's Law and the asymmetric and changing cyclical behaviour of the USA economy","publication_year":1993,"publication_date":"1993-01-01","ids":{"openalex":"https://openalex.org/W2014706295","doi":"https://doi.org/10.1080/758530144","mag":"2014706295"},"language":"en","primary_location":{"id":"doi:10.1080/758530144","doi":"https://doi.org/10.1080/758530144","is_oa":false,"landing_page_url":"https://doi.org/10.1080/758530144","pdf_url":null,"source":{"id":"https://openalex.org/S50561683","display_name":"International Review of Applied Economics","issn_l":"0269-2171","issn":["0269-2171","1465-3486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5012301911","display_name":"Thomas I. Palley","orcid":"https://orcid.org/0000-0002-0319-3157","observed_orcids":["https://orcid.org/0000-0002-0319-3157"]},"institutions":[{"id":"https://openalex.org/I102179633","display_name":"The New School","ror":"https://ror.org/02tvcev59","country_code":"US","type":"education","lineage":["https://openalex.org/I102179633"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Thomas I. Palley","raw_affiliation_strings":["New School for Social Research, New York"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"New School for Social Research, New York","institution_ids":["https://openalex.org/I102179633"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5012301911"],"corresponding_institution_ids":["https://openalex.org/I102179633"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":67,"citation_normalized_percentile":{"value":0.21883969,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"7","issue":"2","first_page":"144","last_page":"162"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.9531000256538391,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.9531000256538391,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.04569999873638153,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/okun-s-law","display_name":"Okun's law","score":0.9010000228881836},{"id":"https://openalex.org/keywords/okun-s-coefficient","display_name":"Okun's coefficient","score":0.9079999923706055},{"id":"https://openalex.org/keywords/business-cycle-asymmetry","display_name":"business cycle asymmetry","score":0.8420000076293945},{"id":"https://openalex.org/keywords/job-creation","display_name":"job creation","score":0.47099998593330383},{"id":"https://openalex.org/keywords/female-labor-supply","display_name":"female labor supply","score":0.9070000052452087},{"id":"https://openalex.org/keywords/structural-breaks","display_name":"structural breaks","score":0.5400000214576721},{"id":"https://openalex.org/keywords/us-economy","display_name":"United States economy","score":0.625}],"concepts":[{"id":"https://openalex.org/C2777176714","wikidata":"https://www.wikidata.org/wiki/Q595592","display_name":"Okun's law","level":4,"score":0.9150606989860535},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.817908525466919},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.813818097114563},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.4469357430934906},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3938566744327545},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.3730809688568115},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.34001123905181885},{"id":"https://openalex.org/C2994488168","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment rate","level":3,"score":0.13218283653259277}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1080/758530144","doi":"https://doi.org/10.1080/758530144","is_oa":false,"landing_page_url":"https://doi.org/10.1080/758530144","pdf_url":null,"source":{"id":"https://openalex.org/S50561683","display_name":"International Review of Applied Economics","issn_l":"0269-2171","issn":["0269-2171","1465-3486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Applied Economics","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.7257999777793884,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[{"score":0.47999998927116394,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":7,"referenced_works":["https://openalex.org/W1501768213","https://openalex.org/W2012385988","https://openalex.org/W2050111105","https://openalex.org/W2085925457","https://openalex.org/W2116388354","https://openalex.org/W2155083623","https://openalex.org/W2795958704"],"related_works":["https://openalex.org/W3009656328","https://openalex.org/W1964791954","https://openalex.org/W7111491334","https://openalex.org/W4392492403","https://openalex.org/W2111995577","https://openalex.org/W7147322920","https://openalex.org/W2131079803","https://openalex.org/W6987702657","https://openalex.org/W2599949413","https://openalex.org/W3111085968"],"abstract_inverted_index":{"This":[0],"article":[1,17],"examines":[2],"the":[3,6,10,27,31,38,45,55,62,75],"impact":[4],"of":[5,9,26,30,37,77],"changing":[7],"composition":[8],"USA":[11,32],"economy":[12],"on":[13],"Okun's":[14,21],"Law.":[15],"The":[16,50],"begins":[18],"by":[19,100],"reformulating":[20],"Law":[22],"to":[23,72,87],"take":[24],"account":[25],"asymmetric":[28],"nature":[29],"business":[33],"cycle,":[34],"and":[35,60,86],"estimates":[36],"reformulated":[39],"model":[40],"confirm":[41],"a":[42,88],"break":[43],"in":[44,74,90],"Okun":[46,56],"coefficient":[47,57],"around":[48],"1974.":[49],"principal":[51],"findings":[52],"are":[53,70],"that":[54,61],"has":[58,64,81],"increased,":[59],"cycle":[63],"become":[65,82],"more":[66,83],"asymmetric.":[67],"These":[68],"changes":[69,73],"due":[71],"pattern":[76],"employment":[78],"growth":[79],"which":[80,95],"cyclically":[84],"sensitive,":[85],"change":[89],"female":[91],"labour":[92],"supply":[93],"behaviour":[94],"is":[96],"now":[97],"less":[98],"affected":[99],"downturns.":[101]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-08T09:06:37.294493","created_date":"2016-06-24T00:00:00"}