CSPAN Key Capitol Hill Hearings February 12, 2014
Participation is structural and not cyclical. Are moving tors older ages where there is a dramatic dropoff in labor force participation. An aging population. We should expect to see a decline in labor force participation. As you noted, that has been going on for some time. Thats no doubt in my mind in an portioned important portion is structural. I am may also be and inclined to believe there are cyclical factors at work. The decline has a structural component and also a cyclical component. Theres no surefire way to separate that declined into those two components. But we are seeing declining ...