The determinants of labor force participation : an empirical analysis
AbstractBefore the mid-1960's economists generally accepted, with two major exceptions, the neoclassical theory of aggregate labor supply, i.e., the theory that the number or workers supplied to the market varied with wages, population, and work preferences, with work preferences and population treated as exogenous and outside the realm of economics.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Richmond in its series Working Paper with number 79-03.
Date of creation: 1979
Date of revision:
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- George L. Perry, 1977. "Potential Output and Productivity," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 8(1), pages 11-60.
- Seater, John J., 1977. "A unified model of consumption, labor supply, and job search," Journal of Economic Theory, Elsevier, vol. 14(2), pages 349-372, April.
- Cullison, William E, 1975. "An Employment Pressure Index as an Alternative Measure of Labor Market Conditions," The Review of Economics and Statistics, MIT Press, vol. 57(1), pages 115-21, February.
- Santomero, Anthony M & Seater, John J, 1978. "The Inflation-Unemployment Trade-off: A Critique of the Literature," Journal of Economic Literature, American Economic Association, vol. 16(2), pages 499-544, June.
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