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Puerto Rico's Shrinking Labor Force Participation

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Abstract

A key concern about Puerto Rico?s prospects is that its labor force participation rate, which is the percentage of the adult population either working or looking for work, has fallen sharply. Looking at the data shows that this decline cannot be attributed to any particular demographic segment. Instead, it is the consequence of an aging population, accelerated by a falling birth rate and outmigration of a relatively young cohort. Expected demographic trends will continue to put downward pressure on the participation rate over the medium term, creating a challenging headwind for the economy to overcome.

Suggested Citation

  • Jason Bram & Harry Wheeler, 2016. "Puerto Rico's Shrinking Labor Force Participation," Liberty Street Economics 20160810, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87145
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    More about this item

    Keywords

    Labor Supply; Puerto Rico; Labor Force; Participation Rate;
    All these keywords.

    JEL classification:

    • J00 - Labor and Demographic Economics - - General - - - General
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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