Out of work, out of the labour force? Attachment, search effort and participation flows

2026

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AI-generated summary

1) This paper investigates the factors influencing labor force participation and unemployment dynamics, particularly focusing on how workers' previous employment status impacts their attachment to the labor market and subsequent participation.

2) * Explores the procyclicality of labor force outflows from unemployment and its correlation with compositional shifts in the unemployment pool.
* Identifies previous labor force status as the strongest predictor of labor market attachment among the unemployed, independent of search effort.
* Develops and calibrates a search and matching model to analyze the role of heterogeneous labor market attachment in explaining unemployment volatility.

3) Labor force participation, Unemployment, Search and matching, Search intensity, Attachment

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