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Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …
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that the two dimensions of the extensive margin, the employment rate and the participation rate, explain the most of the … the number of hours worked per employee, has the smallest role. -- Hours of market work ; participation ; employment …
Persistent link: https://www.econbiz.de/10003778864
Using recent results in the measurement error literature, we show that the official U.S. unemployment rates substantially underestimate the true levels of unemployment, due to misclassification errors in labor force status in Current Population Surveys. Our closed-form identification of the...
Persistent link: https://www.econbiz.de/10008688999
Using recent results in the measurement error literature, we show that the official U.S. unemployment rates substantially underestimate the true levels of unemployment, due to misclassification errors in labor force status in Current Population Surveys. Our closed-form identification of the...
Persistent link: https://www.econbiz.de/10008652132
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