Logo
Munich Personal RePEc Archive

The driving force of labor force participation in developed countries

Kitov, Ivan and Kitov, Oleg (2008): The driving force of labor force participation in developed countries.

[thumbnail of MPRA_paper_8677.pdf]
Preview
PDF
MPRA_paper_8677.pdf

Download (574kB) | Preview

Abstract

The evolution of labor force participation rate is modeled using a lagged linear function of real economic growth, as expressed by GDP per capita. For the U.S., our model predicts at a two-year horizon with RMSFE of 0.28% for the period between 1965 and 2007. Larger part of the deviation between predicted and measured LFP is explained by artificial dislocations in measured time series induced by major revisions to the CPS methodology in 1979 and 1989. Similar models have been developed for Japan, the UK, France, Italy, Canada, and Sweden.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.