{"product_id":"declining-labor-force-attachment-and-federal-reserve-board-9781503223684","title":"Declining Labor Force Attachment and Downward Trends in Unemployment and Participation","description":"The US labor market witnessed two apparently unrelated secular movements in the last 30 years: a decline in unemployment between the early 1980s and the early 2000s, and a decline in participation since the early 2000s. Using CPS micro data and a stock flow accounting framework, we show that a substantial, and hitherto unnoticed, factor behind both trends is a decline in the share of nonparticipants who are at the margin of participation. A lower share of marginal nonparticipants implies a lower unemployment rate, because marginal nonparticipants enter the labor force mostly through unemployment, while other nonparticipants enter the labor force mostly through employment.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Federal Reserve Board\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 150322368X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781503223684\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/14\/2014\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 26\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.19lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 11.00h x 8.50w x 0.05d","brand":"Federal Reserve Board","offers":[{"title":"Paperback","offer_id":48622973026559,"sku":"9781503223684","price":12.95,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/declining-labor-force-attachment-and-federal-reserve-board-9781503223684","provider":"WR Book House","version":"1.0","type":"link"}