The shadow labor supply and its implications for the unemployment rate
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.
Volume (Year): (2013)
Issue (Month): (August)
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- 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.
- 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.).
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- 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.
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- Michael Elsby & Bart Hobijn & Aysegül Sahin, 2013. "On the importance of the participation margin for market fluctuations," Working Paper Series 2013-05, Federal Reserve Bank of San Francisco.
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- 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.
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