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The shadow labor supply and its implications for the unemployment rate

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  • Davig, Troy A.

    ()
    (Federal Reserve Bank of Kansas City)

  • Mustre-del-Rio, Jose

    ()
    (Federal Reserve Bank of Kansas City)

Abstract

The number of people wanting work, but not looking for a job, has swelled in recent years. However, their flow rate back into unemployment has been declining, so they will likely only have a modest impact on the unemployment rate.

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File URL: http://www.kansascityfed.org/publicat/research/macrobulletins/mb13Davig-Mustre0819.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of Kansas City in its journal Macro Bulletin.

Volume (Year): (2013)
Issue (Month): (August)
Pages: 1-2

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Handle: RePEc:fip:fedkmb:00001

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Keywords: Unemployment;

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  1. Kimmel, Jean & Kniesner, Thomas J., 1998. "New evidence on labor supply:: Employment versus hours elasticities by sex and marital status," Journal of Monetary Economics, Elsevier, vol. 42(2), pages 289-301, July.
  2. Michael W.L. Elsby & Bart Hobijn & Ayseg├╝l Sahin, 2013. "On the importance of the participation margin for market fluctuations," Working Paper Series 2013-05, Federal Reserve Bank of San Francisco.
  3. Abowd, John M & Zellner, Arnold, 1985. "Estimating Gross Labor-Force Flows," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(3), pages 254-83, June.
  4. Willem Van Zandweghe, 2012. "Interpreting the recent decline in labor force participation," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 5-34.
  5. Regis Barnichon & Christopher J. Nekarda, 2013. "The ins and outs of forecasting unemployment: Using labor force flows to forecast the labor market," Finance and Economics Discussion Series 2013-19, Board of Governors of the Federal Reserve System (U.S.).
  6. Kim B. Clark & Lawrence H. Summers, 1979. "Labor Market Dynamics and Unemployemnt: A Reconsideration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 10(1), pages 13-72.
  7. Robert Shimer, 2012. "Reassessing the Ins and Outs of Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 127-148, April.
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