Friday, January 8, 2010

Discouraged Workers or Motivated Students?

There's some data out on the age composition of labor force participation, as it might relate to unemployment and the "discouraged worker" effect. Turns out most of the people dropping out of the workforce are 16-24 years old. Seems to me like that's not "discouraged workers" but rather "going to school" or acquiring new skills in some way. At any rate, it seems like people in that age group are the most likely ones to be staying in, going back to, or refocusing their efforts on investing in education. It's a typical structural shift story. Then there's this guy:

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