Asymmetric labor force participation decisions over the business cycle
Subtitle: evidence from U.S. microdata
By: Julie L. Hotchkiss and John C. Robertson
Contributors: Robertson, John C.; Federal Reserve Bank of Atlanta
Series: Working paper series / Federal Reserve Bank of Atlanta -- 2006-8; Working paper series (Federal Reserve Bank of Atlanta : Online) -- 2006-8.
Publisher: Federal Reserve Bank of Atlanta
Published: 2006
Place of publication: Atlanta, Ga.]
Language: eng
Format: [electronic resource] :
Description: "The purpose of this paper is to explore the microfoundations of the observed asymmetric movement in aggregate unemployment rates. Using U.S. data, we find that individual labor force participation responds asymmetrically to changes in local labor market conditions, consistent with the pattern of movements in the aggregate unemployment rate. Differences in the asymmetry and sensitivity of labor force participation decisions are found across gender, age, and education groups, and these differences are used to anticipate changes in the aggregate movements as population characteristics change over time"--Federal Reserve Bank of Atlanta web site.
Notes: Title from PDF file as viewed on 07/27/06.

Includes bibliographical references.

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