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- Title
The UK labour force participation rate: business cycle and trend influences.
- Authors
Schweitzer, Mark; Tinsley, David
- Abstract
This article presents information on the labor market in Great Britain. It is informed that the decision whether to participate in the labor market is subject to numerous long-term "trend" influences. In Great Britain, these long-term influences have included an increase in the number of students, as well as in the number of individuals who report themselves as long-term sick. But alongside these trend influences some aggregate business cycle effects are also likely to operate. This article investigates the extent to which the labor force participation rate is influenced by structural trends and by the business cycle.
- Subjects
UNITED Kingdom; LABOR market; LABOR supply; BUSINESS cycles; ECONOMIC history; LABOR
- Publication
Bank of England Quarterly Bulletin, 2004, Vol 44, Issue 3, p329
- ISSN
0005-5166
- Publication type
Article