CBOâ€™s Projection of Labor Force Participation Rates: Working Paper 2018-04
No 53616, Working Papers from Congressional Budget Office
As part of its responsibility for producing baseline projections of the economy and the federal budget, the Congressional Budget Office regularly produces estimates and projections of labor force participation rates. Those projections serve as a key input to CBOâ€™s estimate of potential output and the agencyâ€™s macroeconomic forecasts and budget projections. This paper describes the methodology used to produce CBOâ€™s projections of labor force participation rates. The paper further examines the factors behind the recent trend decline in the overall and
JEL-codes: E17 E24 E27 J21 J22 (search for similar items in EconPapers)
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