TITLE

LABOR-FORCE BEHAVIOR IN A FULL EMPLOYMENT ECONOMY

AUTHOR(S)
Butler, Arthur D.; Demopoulos, George D.
PUB. DATE
April 1971
SOURCE
Industrial & Labor Relations Review;Apr71, Vol. 24 Issue 3, p375
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article analyzes the labor-force participation in the fourth quarter of 1968 based on projections of earlier studies on labor-force behavior and the changes in the work attitudes of primary and secondary workers. Early labor-force behavior studies utilized regression equations fitted to data for the 1950s. However, there was an economic growth during the 1960s. It is possible that earlier regression equations will overestimate or underestimate the labor force for the fourth quarter of 1968. According to early labor-force behavior studies hidden unemployment among primary workers was found to be virtually absent and that their labor-force participation was inelastic to cyclical changes in labor market conditions.
ACCESSION #
4463292

 

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