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How do sudden large losses in wealth affect labor force participation?

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  • Eric French
  • David Benson

Abstract

The authors assess whether the sudden large losses in household wealth due to recent declines in stock and home values have significantly affected the U.S. labor market. They find that the overall labor force participation rate would be 0.7 percentage points lower were it not for the declines in the values of stocks and houses over the 2006–10 period.

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Bibliographic Info

Article provided by Federal Reserve Bank of Chicago in its journal Chicago Fed Letter.

Volume (Year): (2011)
Issue (Month): Jan ()
Pages:

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Handle: RePEc:fip:fedhle:y:2011:i:jan:n:282

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Related research

Keywords: Labor mobility ; Wealth ; Labor market ; Households;

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Cited by:
  1. Weber, Jeremy G. & Key, Nigel, 2013. "Does proprietor wealth influence small business decisions? Land appreciation and farm business borrowing, land ownership, and output," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150408, Agricultural and Applied Economics Association.

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