Explaining the decline in the U.S. labor force participation rate

The authors conclude that just under half of the post-1999 decline in the U.S. labor force participation rate, or LFPR (the proportion of the working-age population that is employed or unemployed and seeking work), can be explained by long-running demographic patterns, such as the retirement of baby boomers. These patterns are expected to continue, offsetting LFPR improvements due to economic recovery.

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Year of publication:	2012
Authors:	Aaronson, Daniel ; Davis, Jonathan ; Hu, Luojia
Published in:	Chicago Fed Letter. - Federal Reserve Bank of Chicago. - 2012, Mar, 296
Publisher:	Federal Reserve Bank of Chicago
Subject:	Labor market \| United States

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010725088