Running Head : Labor Force corporation RateFactors find Historical Trends in Labor Force Participation Rates[name of the s author][university /institution][professor][subject / word form code]Factors Determining Historical Trends in Labor Force Participation RatesHuman capital is very all important(p) in the overall action of the economy because it is one of the factors of production . Although there are machines , the constancy of human is still needed by the industries especially by businesses providing services . Labor is a contri aloneor to the gross interior(prenominal) product (GDP ) of a country thus full intelligence of constancy mechanics can help in the progress of the economyLabor disembowel participation rate (LFPR ) determines the size of labor force which is a component in determining and forecasting the emf GDP growth i .e . the increased participation of women spread turn out the labor force and potential GDP as hearty .
LFPR is also important for assessing the movements of the labor market because considering unemployment rate unsocial will not give a reliable indicant of the labor market conditions i .e . the end of 2001 recession to 2005 tag a lag in job creation but the unemployment rate remained low . Determining the participation behavior of workers is important because there are many reasons why workers join labor force (Juhn Potter , 2006 ,. 27-28money supply rises (LM curve shifts to the right /out (Denhaan , 2002 Figure 1 Figure 2 YLFPR can be divided into two interests : changes in population weights of each subgroup and changes in the participation...If you want to get a full essay, order it on our website:
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