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    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.

    10.1186%2Fs40172-015-0021-9.pdf - Published Version of Record
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    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.


    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


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