Friday, May 4, 2018

Maybe dropouts from the labor force were a cause of the Great Recession rather than a result

The high rate of dropping out of the labor force we've become accustomed to since the Great Recession actually predates it by a decade, suggesting that dropping out may be a cause of the Great Recession rather than a result of it. Continued slow growth of GDP since the Great Recession can also be explained by the absence of these inputs.