@jonathanweisman @JedKolko Similar to conclusions of CEA last year http://blogs.wsj.com/economics/2014/07/17/white-house-economists-see-few-labor-force-dropouts-returning/ …
.@JedKolko sez of 4.2 percentage pt drop in labor force btwn 2000-14, roughly 2/3 due to aging pop, 1/3 wouldve happened w/o age shifts.
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Since 2008 LFP fell, holding age constant. But 2000-2008 drop due to age shifts.
@NickTimiraos@jonathanweismanpic.twitter.com/xN18M69d61
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Shifting age distribution explains more of the long-term decline in LFP than of the more recent decline.
@NickTimiraos@jonathanweisman - 1 more reply
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