Tag: labor force participation rates
The labor force participation of prime-age workers has been declining steadily over the past two decades. One possible factor may be the concentration of employers in local labor markets. When firms possess greater bargaining power, they can drive down wages, which, in turn, discourages labor force participation. Employer “concentration” is a hot topic among economists…
Abstract In economic downturns prior to the Great Recession, workers over age 50 had escaped relatively unscathed. But the unemployment rate for older workers soared to record highs during the Great Recession. This paper projects how older workers will fare across a broad set of financial outcomes over the remainder of this decade. The mod…
