This paper first documents trends in employment rates and then reviews what is known about the various factors that have been proposed to explain the decline in the overall employment-to-population ratio between 1999 and 2018. Population aging has had a large effect on the overall employment...

This paper first documents trends in employment rates and then reviews what is known about the various factors that have been proposed to explain the decline in the overall employment-to-population ratio between 1999 and 2016. Population aging has had a notable effect on the overall employment...

The inequality of labor market earnings in the U.S. has increased dramatically in recent decades. However, closer examination of the data reveals two distinct periods of rising inequality: 1973–89 and 1989–2005. The first period was one of diverging wages throughout the distribution, while...