What drives labor force participation rate variability? The case of West Virginia

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dc.contributor.authorBeverly, Joshen
dc.contributor.authorStewart, Shamar L.en
dc.contributor.authorNeill, Clinton L.en
dc.date.accessioned2025-01-31T14:48:08Zen
dc.date.available2025-01-31T14:48:08Zen
dc.date.issued2024-08-22en
dc.description.abstractThis study examines the dynamics of labor force participation rates across counties in West Virginia to better understand local labor market integration and the factors influencing fluctuations in participation. Drawing on county-level data from January 1990 to July 2020, the research employs a dynamic factor model to decompose labor force participation rates into latent factors at the state, metropolitan/non-metropolitan, and county levels. The findings reveal a general lack of labor market integration across West Virginia, highlighting potential opportunities for growth through enhanced integration. Further analysis using panel data models identifies key determinants of labor force participation, including personal income, education, infrastructure, and the prominence of industries such as agriculture and natural gas. The results underscore the necessity for targeted county-level policies to bolster employment and promote economic expansion within the state.en
dc.description.versionPublished versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1016/j.econmod.2024.106861en
dc.identifier.orcidStewart, Shamar [0000-0001-5958-3982]en
dc.identifier.urihttps://hdl.handle.net/10919/124458en
dc.identifier.volume140en
dc.language.isoenen
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectLabor force participationen
dc.subjectDynamic factor modelen
dc.subjectMetro/non-metroen
dc.subjectBayesian analysisen
dc.subjectTime series analysisen
dc.titleWhat drives labor force participation rate variability? The case of West Virginiaen
dc.title.serialEconomic Modellingen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dcterms.dateAccepted2024-08-16en
pubs.organisational-groupVirginia Techen
pubs.organisational-groupVirginia Tech/Agriculture & Life Sciencesen
pubs.organisational-groupVirginia Tech/Agriculture & Life Sciences/Agricultural & Applied Economicsen
pubs.organisational-groupVirginia Tech/All T&R Facultyen
pubs.organisational-groupVirginia Tech/Agriculture & Life Sciences/CALS T&R Facultyen

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