Working Paper

The determinants of labor force participation : an empirical analysis


Abstract: Before the mid-1960's economists generally accepted, with two major exceptions, the neoclassical theory of aggregate labor supply, i.e., the theory that the number or workers supplied to the market varied with wages, population, and work preferences, with work preferences and population treated as exogenous and outside the realm of economics.

Keywords: Labor supply;

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Provider: Federal Reserve Bank of Richmond

Part of Series: Working Paper

Publication Date: 1979

Number: 79-03