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Changing trends in the labor force: a survey

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  • Riccardo DiCecio
  • Kristie M. Engemann
  • Michael T. Owyang
  • Christopher H. Wheeler

Abstract

The composition of the American workforce has changed dramatically over the past half century as a result of both the emergence of married women as a substantial component of the labor force and an increase in the number of minority workers. The aging of the population has contributed to this change as well. In this paper, the authors review the evidence of changing labor force participation rates, estimate the trends in labor force participation over the past 50 years, and find that aggregate participation has stabilized after a period of persistent increases. Moreover, they examine the disparate labor force participation experiences of different demographic groups. Finally, they survey some of the studies that have provided explanations for these differences.

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Bibliographic Info

Article provided by Federal Reserve Bank of St. Louis in its journal Review.

Volume (Year): (2008)
Issue (Month): Jan ()
Pages: 47-62

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Handle: RePEc:fip:fedlrv:y:2008:i:jan:p:47-62:n:v.90no.1

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Related research

Keywords: Labor supply ; Labor market;

References

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  1. Julie L. Hotchkiss, 2004. "Employment growth and labor force participation: how many jobs are enough?," Working Paper, Federal Reserve Bank of Atlanta 2004-25, Federal Reserve Bank of Atlanta.
  2. Stephanie Aaronson & Bruce Fallick & Andrew Figura & Jonathan Pingle & William Wascher, 2006. "The Recent Decline in the Labor Force Participation Rate and Its Implications for Potential Labor Supply," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 37(1), pages 69-154.
  3. Jeremy Greenwood & Ananth Seshadri & Mehmet Yorukoglu, 2005. "Engines of Liberation," Review of Economic Studies, Oxford University Press, vol. 72(1), pages 109-133.
  4. Amitabh Chandra, 2000. "Labor-Market Dropouts and the Racial Wage Gap: 1940-1990," American Economic Review, American Economic Association, American Economic Association, vol. 90(2), pages 333-338, May.
  5. Alessandra Fogli & Laura Veldkamp, 2007. "Nature or nurture? learning and female labor force dynamics," Staff Report, Federal Reserve Bank of Minneapolis 386, Federal Reserve Bank of Minneapolis.
  6. Todd E. Clark & Taisuke Nakata, 2006. "The trend growth rate of employment : past, present, and future," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 43-85.
  7. Daniel Aaronson & Kyung-Hong Park & Daniel G. Sullivan, 2006. "The decline in teen labor force participation," Economic Perspectives, Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago, issue Q I, pages 2-18.
  8. Raquel Fernández & Alessandra Fogli & Claudia Olivetti, 2004. "Mothers and Sons: Preference Formation and Female Labor Force Dynamics," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 119(4), pages 1249-1299, November.
  9. Dan Black & Natalia Kolesnikova & Lowell J. Taylor, 2008. "The labor supply of married women: why does it differ across U.S. cities?," Working Papers, Federal Reserve Bank of St. Louis 2007-043, Federal Reserve Bank of St. Louis.
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Cited by:
  1. Silvio Contessi & Li Li, 2013. "From "man-cession" to "he-covery": same old, same old," Economic Synopses, Federal Reserve Bank of St. Louis.
  2. Lahiri, Kajal & Song, Jae & Wixon, Bernard, 2008. "A model of Social Security Disability Insurance using matched SIPP/Administrative data," Journal of Econometrics, Elsevier, Elsevier, vol. 145(1-2), pages 4-20, July.
  3. 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.
  4. Saridakis, George & Marlow, Susan & Storey, David J., 2014. "Do different factors explain male and female self-employment rates?," Journal of Business Venturing, Elsevier, vol. 29(3), pages 345-362.
  5. Landajo, Manuel & Presno, María José, 2010. "Nonparametric pseudo-Lagrange multiplier stationarity testing," MPRA Paper 25659, University Library of Munich, Germany.

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