Working Paper
Measuring Employer-to-Employer Reallocation
Abstract: We revisit the measurement of Employer-to-Employer (EE) transitions in the monthly Current Population Survey. We detect sharp increases in the incidence of missing answers to the relevant question starting in 2007, when the U.S. Census Bureau introduced the Respondent Identification Policy. We show evidence of non response selection by both observable and unobservable worker characteristics that correlate with EE mobility. We propose a selection model and aprocedure to impute missing answers, thus EE transitions. Our imputed EE aggregate series restores a close congruence with the business cycle after 2007, including the COVID-19 recession, and exhibits no downward trend since 2000
https://doi.org/10.21799/frbp.wp.2021.22
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Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Working Papers
Publication Date: 2021-06-07
Number: 21-22