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Generations of Discontent: Labor Force Participation and Wages

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Abstract

After decades of decline, the labor force participation rates among men started rising in the middle and latter years of the 2010s and is currently at its highest level since 2010. This paper explores the potential role that the market wage and wage growth across generations of men could play in explaining, first, the decline, and then, the apparent reversal. This paper compares the experience of men to that of women, who had a much different labor force participation and wage experience than men across the generations.

Suggested Citation

  • Julie L. Hotchkiss, 2024. "Generations of Discontent: Labor Force Participation and Wages," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2024(9), pages 1-12, November.
    • Handle: RePEc:fip:a00068:99161
    DOI: 10.29338/ph2024-09
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    References listed on IDEAS

    as
    1. Julie L. Hotchkiss & Robert E. Moore & Fernando Rios-Avila & Melissa R. Trussell, 2017. "A tale of two decades: Relative intra-family earning capacity and changes in family welfare over time," Review of Economics of the Household, Springer, vol. 15(3), pages 707-737, September.
    2. Julie L. Hotchkiss, 2022. "Millennials: Maligned or miscreants?," Southern Economic Journal, John Wiley & Sons, vol. 88(4), pages 1248-1276, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    labor force participation rates; generation; cohort; reservation wage; wage growth;
    All these keywords.

    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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