The importance of frequency in estimating labour market transition rates
Gomes, Pedro (2015) The importance of frequency in estimating labour market transition rates. IZA Journal of Labor Economics 4 (1), ISSN 2193-8997.
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Abstract
Labour market transition rates are typically estimated using survey data, which are mainly carried out at monthly or quarterly frequency. I argue that rates from surveys at different frequencies are not comparable, even if corrected for time aggregation. I estimate labour market transition rates using monthly and quarterly frequency CPS data. I apply a time-aggregation correction to make them comparable. I find notable differences in terms of levels and volatilities. While the continuous time-aggregation correction does not alter the unemployment decomposition using the monthly survey, it does so when using the quarterly survey.
Metadata
| Item Type: | Article |
|---|---|
| Keyword(s) / Subject(s): | Job-finding rate, Job-separation rate, Transition rates, Time-aggregation correction, Unemployment decomposition |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Research Centres and Institutes: | Applied Macroeconomics, Birkbeck Centre for |
| Depositing User: | Pedro Gomes |
| Date Deposited: | 12 Oct 2017 09:26 |
| Last Modified: | 02 Aug 2023 17:36 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/20029 |
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