Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70716
Authors: 
Hotchkiss, Julie L.
Robertson, John C.
Year of Publication: 
2006
Series/Report no.: 
Working Paper, Federal Reserve Bank of Atlanta 2006-8
Abstract: 
The purpose of this paper is to explore the microfoundations of the observed asymmetric movement in aggregate unemployment rates. Using U.S. data, we find that individual labor force participation responds asymmetrically to changes in local labor market conditions, consistent with the pattern of movements in the aggregate unemployment rate. Differences in the asymmetry and sensitivity of labor force participation decisions are found across gender, age, and education groups, and these differences are used to anticipate changes in the aggregate movements as population characteristics change over time.
Subjects: 
asymmetric labor force participation decision
unemployment rate
business cycle
gender
education
age
JEL: 
J21
J22
E24
E32
Document Type: 
Working Paper

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