The importance of frequency in estimating labour market transition rates

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA Journal of Labor Economics ; ISSN: 2193-8997 ; Volume: 4 ; Year: 2015 ; Pages: 1-10 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Mobility, Unemployment, Vacancies, and Immigrant Workers: General
• Subject: Job-finding rate ; Job-separation rate ; Transition rates ; Time-aggregation correction ; Unemployment decomposition

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gomes, Pedro
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2015

Further information

• DOI: doi:10.1186/s40172-015-0021-9
• Handle: http://hdl.handle.net/10419/152346
• Last update: 10.03.2025, 11:41 AM CET