Hobijn, Bart; Şahin, Ayşegül - National Bureau of Economic Research - 2021
We investigate the source, magnitude, and unevenness of the procyclical forces that shape labor force participation, i … forces can be analyzed in real time using a flow decomposition of the changes in the labor force participation rate. The … cyclical movements in labor force entry and exit rates. The magnitude of the participation cycle is large. Cyclical downward …