This paper examines empirically two facets of labor force participation dynamics that imply quite different interpretations of labor market fluctuations. The first, which underlies equilibrium business cycle models, is that workers time their participation to coincide with periods of high real...

We test for the short-run and long-run relationships between the Connecticut real gross state product and the U.S. real gross domestic product using quarterly data and a number of different statistical approaches. Quarterly observations on Connecticut real gross state product are not generally...