Measuring Recovery: Why the Prime-Age EPOP Ratio Tells Us to Not Raise Interest Rates

Nicholas Buffie

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: Working people between the ages 25 to 54 are typically referred to as “prime-age” workers, meaning that most are old enough to be done with school but are too young to be retired. This is the period in people’s lives when they are most likely to be employed. By examining the employment-to-population (EPOP) ratio for prime-age Americans, we can eliminate the problems posed by the Bureau of Labor Statistics’ (BLS) definition of “unemployment” and the changing age distribution of the population.

Keywords: recovery; recession; EPOP; employment-to-population; ratio; prime-age; race; ethnicity; sex (search for similar items in EconPapers)
JEL-codes: E E5 E58 E6 J J0 J11 J15 J16 J2 J21 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2015-06
New Economics Papers: this item is included in nep-age and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2015-15

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