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Declining labor force attachment and downward trends in unemployment and participation

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dc.contributor.author Barnichon, Régis
dc.contributor.author Figura, Andrew
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T10:50:14Z
dc.date.available 2017-07-26T10:50:14Z
dc.date.issued 2013-10-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1397
dc.identifier.uri http://hdl.handle.net/10230/21220
dc.description.abstract The US 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.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1397
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Declining labor force attachment and downward trends in unemployment and participation
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:15:53Z
dc.subject.keyword marginal participant
dc.subject.keyword want a job
dc.subject.keyword stock-flow decomposition.
dc.subject.keyword Macroeconomics and International Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess

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