THE LABOR FORCE PARTICIPATION RATE: DECLINES, IMPLICATIONS AND CAUSES

THE LABOR FORCE PARTICIPATION RATE: DECLINES, IMPLICATIONS AND CAUSES

Library of Congress Cataloging-in-Publication Data

CONTENTS

PREFACE

Chapter 1: THE LABOR FORCE PARTICIPATION RATE SINCE 2007: CAUSES ANDPOLICY IMPLICATIONS

INTRODUCTION AND EXECUTIVE SUMMARY

I. THE LABOR FORCE PARTICIPATION RATE OVER THE PAST 50 YEARS

II. LITERATURE ON THE LABOR FORCE PARTICIPATION RATE IN THE GREAT RECESSION AND SUBSEQUENT RECOVERY

III. EXPLAINING THE DECLINE IN THE PARTICIPATION RATE SINCE 2007

IV. CHANGES IN LABOR FORCE PARTICIPATION FOR DIFFERENT DEMOGRAPHIC GROUPS

V. THE OUTLOOK FOR THE PARTICIPATION RATE

VI. THE PRESIDENT’S AGENDA AND THE LABOR FORCE PARTICIPATION RATE

APPENDIX A. TIME SERIES ANALYSIS SPECIFICATIONS

REFERENCES

Chapter 2: RETURNING TO FULL EMPLOYMENT: WHAT DO THE INDICATORS TELL US?

SUMMARY

LABOR MARKET CONDITIONS DURING THE GREAT RECESSION AND CURRENT RECOVERY

A RISING NATURAL RATE OF UNEMPLOYMENT?

MACROECONOMIC POLICY IMPLICATIONS

Chapter 3: THE INCREASE IN UNEMPLOYMENT SINCE 2007: IS IT CYCLICALOR STRUCTURAL?

SUMMARY

INTRODUCTION

A FEW CONCEPTS BRIEFLY EXPLAINED

CYCLICAL VS. STRUCTURAL UNEMPLOYMENT

INDEX

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