Explaining the Decline in Teen Labor Force Participation
The authors provide an
overview of the decline in teen labor
force participation (LFP). After briefly
summarizing the facts, they discuss whether
the large recent drop in participation
is a temporary product of a labor market
that is weaker than the unemployment
rate would suggest, or a more permanent
drop driven by the increased attractiveness
of study, changes in college
financial aid, or something else.