TY  - BOOK
AU  -  Moscarini, Giuseppe
AU  -  Postel-Vinay, Fabien
AU  - 2024
AU  - Fujita, Shigeru
TI  - Measuring Employer-to-Employer Reallocation
SN  - 1945-7707
PB  - American Economic Journal: Macroeconomics
KW  -  Aggregate Human Capital
KW  -  Aggregate Labor Productivity, Business Fluctuations
KW  -  Intergenerational Income Distribution
KW  -  Wages
KW  - Intergenerational Mobility
KW  - Unemployment
N2  - 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
UR  - https://www.aeaweb.org/articles?id=10.1257/mac.20210076
ER  -