Oregon State Labor Force Participation Rate: A Self-Fulfilling Prophecy
Faculty Sponsor(s)
Eric Schuck
Subject Area
Economics
Description
Multiple external factors influence a person's decision to enter the labor force, but are there also internal factors? Our research tests whether a worker’s impression of the economy will determine their participation in the labor force. Our economic model uses a time-series regression to consider the shocks that the pandemic and child care costs have had on the labor force, while still measuring the distinct impact that Consumer Sentiment Index has on future labor force participation rates. Understanding labor force participation and why people may not choose to go to work is important to governments and organizations that aim to support employees in the state of Oregon.
Recommended Citation
Horner, Jackson and Schmitt, Katelyn, "Oregon State Labor Force Participation Rate: A Self-Fulfilling Prophecy" (2023). Linfield University Student Symposium: A Celebration of Scholarship and Creative Achievement. Event. Submission 17.
https://digitalcommons.linfield.edu/symposium/2023/all/17
Oregon State Labor Force Participation Rate: A Self-Fulfilling Prophecy
Multiple external factors influence a person's decision to enter the labor force, but are there also internal factors? Our research tests whether a worker’s impression of the economy will determine their participation in the labor force. Our economic model uses a time-series regression to consider the shocks that the pandemic and child care costs have had on the labor force, while still measuring the distinct impact that Consumer Sentiment Index has on future labor force participation rates. Understanding labor force participation and why people may not choose to go to work is important to governments and organizations that aim to support employees in the state of Oregon.
