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What is An Empirical Analysis of The Declining Labourforce about?

The document analyzes the decline in the labor force participation rate (LFPR) in Trinidad and Tobago from 2006 to 2016, attributing approximately half of this decline to demographic changes. It employs shift share analysis and cointegration to assess factors influencing LFPR, including real GDP growth, average weekly earnings, and transfers and subsidies. The authors recommend policy measures such as increasing the retirement age and subsidizing education to address the declining participation rate.

Author

justin

Language

EN