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Vol. 24, No. 4
Last Updated: 11/09/2000

The effect of the run-up in the stock market on labor supply

Ing-Haw Cheng, Eric French

This article presents estimates of the effect of the run-up in the stock market on labor supply. The authors find that, in the absence of a run-up in the stock market, aggregate labor force participation rates would have been about 1 percent higher than they are today.