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Declining Labor Force Attachment and Downward Trends in Unemployment and Participation
| Content Provider | Semantic Scholar |
|---|---|
| Author | Barnichon, Régis Figura, Andrew |
| Copyright Year | 2013 |
| Abstract | The U.S. labor market witnessed two apparently unrelated secular movements in the last 30 years: a decline in unemployment between the early 1980s and the early 2000s, and a decline in participation since the early 2000s. Using CPS micro data and a stock-flow accounting framework, we show that a substantial, and hitherto unnoticed, factor behind both trends is a decline in the share of nonparticipants who are at the margin of participation. A lower share of marginal nonparticipants implies a lower unemployment rate, because marginal nonparticipants enter the labor force mostly through unemployment, while other nonparticipants enter the labor force mostly through employment. |
| Starting Page | 1 |
| Ending Page | 37 |
| Page Count | 37 |
| File Format | PDF HTM / HTML |
| DOI | 10.2139/ssrn.2376368 |
| Alternate Webpage(s) | https://repositori.upf.edu/bitstream/handle/10230/21220/1397.pdf;jsessionid=CABB303794C6FC5265C0248B3333FF54?sequence=1 |
| Alternate Webpage(s) | https://www.barcelonagse.eu/sites/default/files/working_paper_pdfs/728.pdf |
| Alternate Webpage(s) | https://www.federalreserve.gov/pubs/feds/2013/201388/201388pap.pdf |
| Alternate Webpage(s) | http://research.barcelonagse.eu/tmp/working_papers/728.pdf |
| Alternate Webpage(s) | https://doi.org/10.2139/ssrn.2376368 |
| Volume Number | 2013 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
