Measuring Employer-to-Employer Reallocation
Moscarini, Giuseppe Postel-Vinay, Fabien 2024 Fujita, Shigeru
Measuring Employer-to-Employer Reallocation - American Economic Journal: Macroeconomics 2024 - 01-51
We revisit measurement of employer-to-employer (EE) transitions in the monthly Current Population Survey. The incidence of missing answers to the question on change of employer sharply increases starting with the introduction of a new software instrument to conduct interviews in January 2007 and of the Respondent Identification Policy in 2008-2009. We document nonrandom nonresponse selection by observable and unobservable worker characteristics that correlate with EE mobility. We propose a selection model and a procedure to impute missing answers. Our imputed EE aggregate series no longer trends down after 2000 and restores a close congruence with the business cycle after 2007.
1945-7707
Aggregate Human Capital
Aggregate Labor Productivity, Business Fluctuations
Intergenerational Income Distribution
Wages
Intergenerational Mobility
Unemployment
Measuring Employer-to-Employer Reallocation - American Economic Journal: Macroeconomics 2024 - 01-51
We revisit measurement of employer-to-employer (EE) transitions in the monthly Current Population Survey. The incidence of missing answers to the question on change of employer sharply increases starting with the introduction of a new software instrument to conduct interviews in January 2007 and of the Respondent Identification Policy in 2008-2009. We document nonrandom nonresponse selection by observable and unobservable worker characteristics that correlate with EE mobility. We propose a selection model and a procedure to impute missing answers. Our imputed EE aggregate series no longer trends down after 2000 and restores a close congruence with the business cycle after 2007.
1945-7707
Aggregate Human Capital
Aggregate Labor Productivity, Business Fluctuations
Intergenerational Income Distribution
Wages
Intergenerational Mobility
Unemployment