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Opting Out of Work: What’s Behind the Decline in Labor Force Participation?
This article discusses the factors driving recent trends in labor force participation. Given that participation rates started to turn around in 2005, there is less concern about long-run trends than there was in the beginning of the year. Nonetheless, the experience in recent years has been unusual.
Link
http://www.dallasfed.org/research/swe/2005/swe0506a.html