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Why Are Labor Force Participation Rates Declining?

Over the past 20 years, labor force participation rates have declined in the U.S. at a faster rate than other developed countries. A recent analysis by the Federal Reserve Bank of Dallas outlined several possible explanations for this discrepancy:

  • Higher incarceration rates compared with other OECD nations
  • Limited access to parental leave and child care options
  • Poor health outcomes, including obesity and opioid addiction

Read the full essay here.