Economists have long struggled to explain why a growing proportion of men in the prime of their lives are not employed or looking for work. A new study has found that nearly half of these men are on painkillers and many are disabled.
The working paper by Alan Krueger, a Princeton economist, casts light on this population, which grew during the recession that started in 2007. As of last month, 11.4 percent of men between the ages of 25 and 54 — or about seven million people — were not in the labor force, which means that they were not employed and were not seeking a job. This percentage has been rising for decades (it was less than 4 percent in the 1950s), but the trend accelerated in the last 20 years.
Continue reading: Millions of Men Are Missing From the Job Market