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Title: The Decline in Male Labor Force Participation: Comment
Resulting in 1 citation.
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Haveman, Robert H. Wolfe, Barbara L. |
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The Decline in Male Labor Force Participation: Comment Journal of Political Economy 92,3 (January 1984): 532-541. Also: http://www.jstor.org/stable/1837232 Cohort(s): Older Men Publisher: University of Chicago Press Keyword(s): Health/Health Status/SF-12 Scale; Social Security; Transfers, Financial; Transfers, Public; Unemployment; Welfare This article comments on Donald O. Parsons' "The Decline in Male Labor Force Participation" which concludes that the recent decline in labor force participation can be largely explained by the increased generosity of social welfare transfers, particularly Social Security disability payments. The magnitude of Parsons' estimate and its impact on the public debate over disability transfer policy require careful scrutiny of its basis. The authors describe Parsons' econometric model and construction of variables and test the robustness of Parsons' elasticity estimate by presenting alternative estimates based on corrections and extensions of his basic model. They conclude that Parsons' simulation says little about the causal relationships among these similar time-series patterns. Because of changes in the age composition of the labor force, labor market opportunities for older workers, the incidence of work-related impairments, the level of employment and earnings of spouses, the application of eligibility standards, and the coverage of private pensions, none of which are reflected in Parsons' simulation, his conclusion is unwarranted. |
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Bibliography Citation
Haveman, Robert H. and Barbara L. Wolfe. "The Decline in Male Labor Force Participation: Comment." Journal of Political Economy 92,3 (January 1984): 532-541.
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