KEITH HENNESSEY teaches Stanford MBA students about economic policy, American civics and the policy-making process. He also serves as the David Rubenstein Fellow at the George W. Bush Institute. He previously served as director of the National Economic Council for President George W. Bush.
This chapter aims to provide policy makers with a useful framework for thinking about the question: “Why are so many people deciding that seeking work isn’t worth it?” After reviewing relevant facts and trends about labor force participation in the United States, we consider plausible explanations for the causes of decline.
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