We conduct an accounting exercise of the changes in aggregate employment, unemployment, and out of labor force (OLF) among 25–64-year-old men from 1968–2010. We decompose the observed changes in these labor market outcomes into changes in the sociodemographic composition of the population...

We estimate a trend in the aggregate labor force participation rate using the age-gender and the birth cohort effects in the labor force participation rates of different demographic groups and the actual demographic composition of the population. We find that, in 2012, the aggregate labor force...

We conduct an accounting exercise of the changes in aggregate employment, unemployment, and out of labor force (OLF) among 25–64-year-old men from 1968–2010. We decompose the observed changes in these labor market outcomes into changes in the sociodemographic composition of the population...

We provide an explanation of how inflation of the price of housing services is measured by the Bureau of Labor Statistics and describe alternative approaches. We then describe the contribution of inflation of the price of housing services to inflation in the consumer price index during the Great...

Search models of the labor market suggest that a significant determinant of job creation decisions by firms is the expected value of the initial and future real wages that firms have to pay to workers in newly formed employment relationships. Until recently, the focus of the empirical literature...

Search models of the labor market suggest that a significant determinant of job creation decisions by firms is the expected value of the initial and future real wages that firms have to pay to workers in newly formed employment relationships. Until recently, the focus of the empirical literature...

In the U.S. labor market unemployed individuals that are actively looking for work are more than three times as likely to become employed as those individuals that are not actively looking for work and are considered to be out of the labor force (OLF). Yet, on average, every month twice as many...