Family needs affect U.S. labor participation of prime-age Workers(stlouisfed.org)

Family needs affect U.S. labor participation of prime-age Workers

https://www.stlouisfed.org/on-the-economy/2022/january/family-needs-affect-labor-participation-prime-age-workers

1 comments

42jd5 anni fa

> Our discussion here suggests that the reasons for the increase in nonparticipation are not strongly related to a weak economy or insufficient labor demand, but rather due to a change in individuals’ desire to supply labor in the market.

The most interesting tidbit from the article is that the data supports the very popular idea that people are withdrawing from the labor market as they just don’t want to work (for any reason eg low pay, hazardous conditions, etc)