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Define the labor force participation rate

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Reference no: EM131709280

https://www.nytimes.com/2017/09/19/business/economy/labor-shortage.html

After reading articles

  1. Define the labor force participation rate. (LFP rate).
  2. Draw an age pyramid for the US in 2017 and another age pyramid for 2027. Use them to explain why Mark Zandi thinks that the US labor force may shrink after 2027.
  3. What are some reasons given by Alan Krueger, Melissa Kearney, and Katharine Abraham (KKA) for the decline in the LFP rate? Explain how these reasons lead to fewer people working, don't just list them.
  4. What policies do KKA suggest to increase the number of people in the labor force? Which of these would encourage work by people 40 to 64?
  5. Why does Porter think that restricting immigration or imports would be bad policies?

Reference no: EM131709280

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