Projections of Age-Specific US Labor Force Participation Based on a Dynamic Microsimulation Model Accounting for Education and Health

The project will develop a dynamic microsimulation model for the US to project age-specific labor force participation while accounting for population changes in education and health. The model produces projections that account for changes in cohorts’ educational attainments and the dynamic effects of education on health and employment. A focus will be on the projection of the labor market participation of persons with health limitations in various policy settings. The analysis is embedded in an internationally comparative framework. Our project adapts a multi-country comparative microsimulation model, which is currently being developed for five European countries, for the US context. The creation of this model, combined with the analysis of participation behavior of different socio-demographic groups and of the impact of different policies for the inclusion of persons with health impairments, will allow us to project labor force participation in the US and to construct comparative what-if scenarios.

  • Organization Austrian Institute of Economic Research (WIFO), Johannes Kepler University, Linz, Austria
  • Funding: This 2020-2021 project is funded by the US Social Security Administration