Labour Economics

Running Head : Labor Force society RateFactors go over Historical Trends in Labor Force interest Rates[name of the s author][university /institution][professor][subject / crime syndicate code]Factors Determining Historical Trends in Labor Force Participation RatesHuman capital is very of import in the over on the whole writ of execution of the economy because it is one of the factors of production . Although there atomic number 18 machines , the childbed of human is still needed by the industries oddly by businesses providing services . Labor is a contrisolelyor to the gross municipal product (GDP ) of a country thus full study of tire mechanics can help in the hail of the economyLabor cast participation rate (LFPR ) determines the size of push military unit which is a component in determining and forecasting the probable GDP flummoxth i .e . the increased participation of women grow the labor force and potential GDP as carminative .

LFPR is also measurable for assessing the movements of the labor startet because considering unemployment rate all will not give a reliable mightiness of the labor market conditions i .e . the end of 2001 recession to 2005 mark a lag in job creation barely 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 r ight / strike (Denhaan , 2002 Figure 1 Figu! re 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: OrderCustomPaper.com

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