Labor Force Participation: Timing and Persistence

51 Pages Posted: 8 Jun 2004 Last revised: 4 Sep 2010

See all articles by Kim B. Clark

Kim B. Clark

Harvard Business School; National Bureau of Economic Research (NBER); Brigham Young University Idaho

Lawrence H. Summers

Harvard University; National Bureau of Economic Research (NBER); Harvard University - Harvard Kennedy School (HKS)

Date Written: September 1982

Abstract

This paper examines the relative importance of timing and persistence elements in explaining cyclical fluctuations in labor supply. Data from the natural experiment provided by World War I1 and cross-sectional data on American local labor markets, as well as aggregate time-series data are used in the empirical work. We find little evidence that timing effects play an important role in labor market dynamics. The evidence suggests that views emphasizing persistence are more accurate, and that previous employment tends to raise the probability of subsequent employment.

Suggested Citation

Clark, Kim and Summers, Lawrence H., Labor Force Participation: Timing and Persistence (September 1982). NBER Working Paper No. w0977. Available at SSRN: https://ssrn.com/abstract=302555

Kim Clark (Contact Author)

Harvard Business School ( email )

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National Bureau of Economic Research (NBER)

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Lawrence H. Summers

Harvard University ( email )

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National Bureau of Economic Research (NBER)

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Harvard University - Harvard Kennedy School (HKS) ( email )

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