Using matched March Current Population Surveys, we examine labor market transitions of husbands and wives. We find that the "added-worker effect" - the greater propensity of nonparticipating wives to enter the labor force when their husbands exit employment - is still important among a subset of...

We develop a dynamic factor model with Markov switching to examine secular and business cycle fluctuations in the U.S. unemployment rates. We extract the common dynamics amongst unemployment rates disaggregated for 7 age groups. The framework allows analysis of the contribution of demographic...