KITOV, Ivan O. - In: Journal of Applied Economic Sciences 3 (2008) 3(5)_Fall2008, pp. 203-222
The evolution of labor force participation rate is modeled using a lagged linear function of real economic growth, as expressed by GDP per capita. For the U.S., our model predicts at a two-year horizon with RMSFE of 0.28% for the period between 1965 and 2007. Larger part of the deviation between...
