Declining Teen Employment: Minimum Wages, Other Explanations, and Implications for Human Capital Investment
Posted: 7 Jun 2018
Date Written: 02/07/2018
The labor force participation and employment rate of young adults in the United States have declined sharply in recent years, especially among teenagers. For example, from 1994 to 2015, the participation rate of teens (aged 16-19) fell from 52.7 to 34.0 percent, and the participation rate for 16-24 year-olds fell from 66.4 to 55.0 percent. This project will explore the factors that account for this decline, the potential implications for subsequent employment and earnings, and possible policy responses.
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