NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Measuring Labor-Force Participation and the Incidence and Duration of Unemployment

Hie Joo Ahn, James D. Hamilton

NBER Working Paper No. 27394
Issued in June 2020

---- Acknowledgments ----

The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Board of Governors of the Federal Reserve System or of any other person associated with the Federal Reserve System. We thank Katharine Abraham, Alessandro Barbarino, Travis Berge, Michael Elsby, Andrew Figura, Glenn Follette, Ryan Michaels, Norm Morin, John Stevens and Robert Valletta for comments on earlier drafts of this paper and Jesse Wedewer for excellent research assistance. Data and software to reproduce results in this paper available at http://http://econweb.ucsd.edu/~jhamilton/AH2_code.zip. 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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