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Labor Force...

Labor Force. Economics 102, Winter 2009 B, E, F: Smitka. LF Measurements: U NILF. How to measure: concept Output (USSR) vs Welfare (work as choice) U vs NILF How to measure: method Current Population Survey (CPS). Using the measure. How to adjust Hours, Wages, Headcount

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Labor Force...

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  1. Labor Force... Economics 102, Winter 2009 B, E, F: Smitka

  2. LF Measurements: U NILF ... • How to measure: concept • Output (USSR) vs Welfare (work as choice) • U vs NILF • How to measure: method • Current Population Survey (CPS)

  3. Using the measure • How to adjust • Hours, Wages, Headcount • Labor costs = W x H x LF • Current examples: voluntary vs involuntary • Other issues & concepts • Frictional, Structural, Cyclical • Participation Rates • Trends by gender, age (retirement?!) • Age structure of population • What is missed: quality...

  4. Select data • Labor market

  5. Japanese Labor Force Participation by Age & Gender

  6. Mean age at first marriage Greece Italy Portugal Spain Japan

  7. Old-age (65-) share of population

  8. International Comparison, Women

  9. Post-WWII baby boom Echo of baby boom as the women of that generation became parents

  10. Total Fertility Rate in Japan and Southern Europe

  11. Fertility in China Peng Xizhe, working paper, Hitotsubashi University, 2006 Fertility Transitions and its Socioeconomic Impacts in China

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