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Economic Quarterly

First Quarter 2013

A Cohort Model of Labor Force Participation

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We estimate a trend in the aggregate labor force participation rate using the age-gender and the birth cohort effects in the labor force participation rates of different demographic groups and the actual demographic composition of the population. We find that, in 2012, the aggregate labor force participation rate is close to its trend.

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Lisa Davis (804) 697-8179

Economic Quarterly

A Cohort Model of Labor Force Participation

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