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Explaining the Decline in the U.S. Employment-to-Population Ratio: a Review of the Evidence

Katharine G. Abraham, Melissa S. Kearney

NBER Working Paper No. 24333
Issued in February 2018, Revised in August 2019

---- Acknowledgments ----

The paper has benefitted from comments from David Autor, Will Carrington, Steve Durlauf, Alex Gelber, Jason Furman, Judy Hellerstein, Chinhui Juhn, Gray Kimbrough, David Lindauer, Lawrence Mishel, Robert Moffitt, Matthew Notowidigdo, David Neumark, Michael Reich, Christopher Smith, and Aaron Sojourner, as well as five anonymous reviewers. We also received helpful comments from participants in seminars at the Brookings Institution, the Social Security Administration, the Congressional Budget Office and the Chicago Federal Reserve Bank. The authors are grateful to Elisa Jacome, Terry Pack, Colin Wick and George Zuo for excellent research assistance and to Sarah Flood for help with the IPUMS-CPS data. We gratefully acknowledge financial support from the Smith Richardson Foundation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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