Adjusting the Gross Changes Data: Implications for Labor Market Dynamics / James M. Poterba, Lawrence H. Summers.

Format:

Book

Author/Creator:

Poterba, James M.

Contributor:

National Bureau of Economic Research.

Summers, Lawrence H.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1436.

NBER working paper series no. w1436

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Adjusting the Gross Changes Data

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1984.

Summary:

This paper develops a procedure for adjusting the Current Population Survey gross changes data for the effects of reporting errors. The corrected data suggest that the labor market is much less dynamic than has frequently been suggested. Conventional measures sy understate the duration of unemployment by as much as eighty percent and overstate the extent of movement into and out ofthe labor force by several hundred percent. The adjusted data also throw demographic differences in patterns of labor market dynamics into sharp relief.

Notes:

Print version record

August 1984.