What is likely to happen to labor force participation rate

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Reference no: EM131236667

For each of the following events, explain what is likely to happen to the labor force participation rate:

a. The federal minimum wage is abolished

b. The minimum legal working age is lowered from 16 to 14.

c. The economy is in the midst of a prolonged period of economic growth.

d. The federal government decreased the duration of unemployment benefits from a high of 99 weeks back to a maximum of 26 weeks.

e. The federal government lowers the minimum age requirement for collecting social security benefits.

Reference no: EM131236667

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