Explaining the decline in the U.S. labor force participation rate
AbstractThe authors conclude that just under half of the post-1999 decline in the U.S. labor force participation rate, or LFPR (the proportion of the working-age population that is employed or unemployed and seeking work), can be explained by long-running demographic patterns, such as the retirement of baby boomers. These patterns are expected to continue, offsetting LFPR improvements due to economic recovery.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Chicago in its journal Chicago Fed Letter.
Volume (Year): (2012)
Issue (Month): Mar ()
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Monetary or fiscal stimulus can help only if unemployment is cyclical; otherwise, if unemployment is structural expansionary policies will lead only to inflation. Careful recent analyses indicate that unemployment is mainly cyclical in the US
by Blog Admin in British Politics and Policy at LSE on 2012-10-24 16:00:33
- Given the enormity of the short- and long-run fiscal challenges facing the US, the lack of policy detail from both presidential candidates is disappointing
by Blog Admin in British Politics and Policy at LSE on 2012-10-25 13:00:36
- Régis Barnichon & Andrew Figura, 2013.
"Declining labor force attachment and downward trends in unemployment and participation,"
Economics Working Papers
1397, Department of Economics and Business, Universitat Pompeu Fabra.
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- Julie L. Hotchkiss & M. Melinda Pitts & Fernando Rios-Avila, 2012. "A closer look at nonparticipants during and after the Great Recession," Working Paper 2012-10, Federal Reserve Bank of Atlanta.
- Edward P. Lazear & James R. Spletzer, 2012. "The United States Labor Market: Status Quo or A New Normal?," NBER Working Papers 18386, National Bureau of Economic Research, Inc.
- Edward P. Lazear & James R. Spletzer, 2012. "The United States Labor Market: Status Quo or A New Normal?," Working Papers 12-28, Center for Economic Studies, U.S. Census Bureau.
- Bullard, James B., 2014. "The rise and fall of labor force participation in the United States," Review, Federal Reserve Bank of St. Louis, vol. 96(1), pages 1-12.
- Regis Barnichon & Andrew Figura, 2013.
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727, Barcelona Graduate School of Economics.
- Régis Barnichon & Andrew Figura, 2010. "Labor market heterogeneity and the aggregate matching function," Economics Working Papers 1395, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2013.
- Michelle L. Barnes & Fabià Gumbau-Brisa & Giovanni P. Olivei, 2013. "Cyclical versus secular: decomposing the recent decline in U.S. labor force participation," Public Policy Brief, Federal Reserve Bank of Boston.
- John C. Williams, 2012. "The economic outlook: global and domestic challenges to growth," Speech 105, Federal Reserve Bank of San Francisco.
- Bullard, James B., 2014. "The rise and fall of labor force participation in the U.S," Speech 227, Federal Reserve Bank of St. Louis.
- repec:fip:fedfsp:y:2012:i:june6 is not listed on IDEAS
- Mark E Schweitzer & Murat Tasci, 2013. "What constitutes substantial employment gains in today’s labor market?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jun.
- Edward P. Lazear & James R. Spletzer, 2012. "The United States labor market: status quo or a new normal?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 405-451.
- Barnichon, Regis & Figura, Andrew, 2013. "Declining Labor Force Attachment and Downward Trends in Unemployment and Participation," Finance and Economics Discussion Series 2013-88, Board of Governors of the Federal Reserve System (U.S.).
- Leila Bengali & Mary Daly & Rob Valletta, 2013. "Will labor force participation bounce back?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may13.
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