Labor Force Participation: Timing and Persistence
AbstractThis paper examines the relative importance of timing and persistence elements in explaining cyclical fluctuations in labor supply. Data from the natural experiment provided by World War I1 and cross-sectional data on American local labor markets, as well as aggregate time-series data are used in the empirical work. We find little evidence that timing effects play an important role in labor market dynamics. The evidence suggests that views emphasizing persistence are more accurate, and that previous employment tends to raise the probability of subsequent employment.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 0977.
Date of creation: Sep 1982
Date of revision:
Publication status: published as Clark, Kim B. and Lawrence H. Summers. "Labor Force Participation: Timingand Persistence." Review of Economic Studies, Vol. 49, (1982), pp. 825-84 4.
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Other versions of this item:
- Clark, Kim B & Summers, Lawrence H, 1982. "Labour Force Participation: Timing and Persistence," Review of Economic Studies, Wiley Blackwell, vol. 49(5), pages 825-44, Special I.
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