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CBO’s Projection of Labor Force Participation Rates: Working Paper 2018-04

Joshua Montes

No 53616, Working Papers from Congressional Budget Office

Abstract: 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 CBO’s estimate of potential output and the agency’s macroeconomic forecasts and budget projections. This paper describes the methodology used to produce CBO’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)
Date: 2018-03-16
New Economics Papers: this item is included in nep-mac
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