ERIC Number: ED050242
Record Type: RIE
Publication Date: 1970
Reference Count: N/A
Labor Force Participation and Business Fluctuations: An Analysis by Cyclical Stages.
Wilson, Thomas Frederick
In order to analyze the timing of labor force entry and withdrawal during the business cycle, this dissertation divides cycles into stages and studies the change in participation between stages. Refuting the common assumption that labor force sensitivity is unaffected by the level of economic activity, the study shows that the timing of movements does not conform well to changes in aggregate demand. Although the overall participation rate responds positively to cyclical fluctuations in the state of demand in the labor market, the major impact of a cyclical contraction on the participation rate occurs after the economy begins to improve. The study demonstrates that older workers respond negatively to cyclical changes, implying that the average age of the labor force increases as the economy begins a downswing. (BH)
Descriptors: Business Cycles, Employment Level, Employment Opportunities, Labor Force Nonparticipants, Labor Market, Labor Supply
National Technical Information Service, Operations Division, Springfield, Virginia 22151 (PB 191 699, MF $0.95; HC $3.00)
Publication Type: N/A
Education Level: N/A
Sponsor: Manpower Administration (DOL), Washington, DC. Office of Manpower Research.
Authoring Institution: Columbia Univ., New York, NY.
Note: Ph.D. dissertation, Columbia University