How do sudden large losses in wealth affect labor force participation?

The authors assess whether the sudden large losses in household wealth due to recent declines in stock and home values have significantly affected the U.S. labor market. They find that the overall labor force participation rate would be 0.7 percentage points lower were it not for the declines in the values of stocks and houses over the 2006–10 period.

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Year of publication:	2011
Authors:	French, Eric ; Benson, David
Published in:	Chicago Fed Letter. - Federal Reserve Bank of Chicago. - 2011, Jan, 282
Publisher:	Federal Reserve Bank of Chicago
Subject:	Labor mobility \| Wealth \| Labor market \| Households

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

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