Asset Details
Do you wish to reserve the book?
The Changing Cyclicality of Labor Force Participation
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
The Changing Cyclicality of Labor Force Participation
Do you wish to request the book?
The Changing Cyclicality of Labor Force Participation
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
The Changing Cyclicality of Labor Force Participation
2017
Overview
In this article, I examine whether the labor force participation rate has become more cyclical over time. I find that cyclical fluctuations in the participation rate have become more pronounced, but the most notable shift occurred around 1984—well before the most recent recession. Specifically, the correlation between cyclical components of labor force participation and real gross domestic product more than doubled from the 1948–83 period to the 1984–2017 period. The increased cyclicality of the participation rate reflects an increased cyclicality of employment that was only partly offset by countercyclical fluctuations in unemployment. Notably, the participation rate has not become more cyclical for all segments of the labor force. Although the participation rate of prime-age workers (25−54) has become more cyclical over time, the participation rate of older workers has become countercyclical.
