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Adjusted Employment-to-Population Ratio as an Indicator of Labor Market Strength.
- Source :
-
Working Paper Series (Federal Reserve Bank of Atlanta) . Aug2014, Vol. 2014 Issue 8, preceding p1-26. 26p. - Publication Year :
- 2014
-
Abstract
- As a measure of labor market strength, the raw employment-to-population ratio (EPOP) confounds employment outcomes with labor supply behavior. Movement in the EPOP depends on the relative movements of the employment rate (one minus the unemployment rate) and the labor force participation rate. This paper proposes an adjustment to the calculation of the EPOP using individual microdata to account for both individual characteristics and the probability of labor force participation, which can used to assess the strength of the labor market. [ABSTRACT FROM AUTHOR]
- Subjects :
- *EMPLOYMENT
*POPULATION
*LABOR supply
*LABOR market
*UNEMPLOYMENT
Subjects
Details
- Language :
- English
- Volume :
- 2014
- Issue :
- 8
- Database :
- Academic Search Index
- Journal :
- Working Paper Series (Federal Reserve Bank of Atlanta)
- Publication Type :
- Report
- Accession number :
- 97571379