What affects labor force participation rates?

Question

Quizplus · Accepted Answer

Each of these factors can affect the labor force participation rate. The demographic structure of a population can impact participation rates as certain age groups, genders, and education levels may be more or less likely to participate in the labor force. The tax structure of an economy can also play a role, as high taxes on labor can discourage participation, while incentives such as tax credits can encourage it. Technological advances such as the birth control pill can impact participation rates by giving women greater control over their reproductive choices, which can lead to more women participating in the labor force.

What Affects Labor Force Participation Rates