A comment on the Labor Force Participation Rate

Yesterday I was a guest on Bloomberg's What'd You Miss? talking about housing. One of the earlier guests was Professor J.W. Mason discussing the labor force participation rate (LFPR). Professor Mason argued that most of the decline in the LFPR is cyclical. I've written extensively about the LFPR, and I've argued that most of the decline is due to ongoing trends and demographics. Dr. Mason said that if you looked at each age group by sex, you could construct an "adjusted" LFPR. He presented the following graph: Click on graph for larger image. NOTE: I believe this approach is......(read more)

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