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

Daniel Aaronson, Jonathan Davis and Luojia Hu

Chicago Fed Letter, 2012, issue Mar, No 296

Abstract: 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.

Keywords: Labor; market; -; United; States (search for similar items in EconPapers)
Date: 2012
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