Measuring Employer-to-Employer Reallocation

• 成果类型: Article
• 署名作者: Fujita, Shigeru; Moscarini, Giuseppe; Postel-Vinay, Fabien
• 署名单位: Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; Yale University; Yale University; National Bureau of Economic Research; University of London; University College London; University of London; University College London; London School Economics & Political Science
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
• ISSN/ISSBN: 1945-7707
• DOI: 10.1257/mac.202100761
• 发表日期: 2024
• 页码: 1-51
• 关键词: job mobility; size

摘要

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 con-duct interviews in January 2007 and of the Respondent Identification Policy in 2008-2009. We document nonrandom nonresponse selec-tion by observable and unobservable worker characteristics that correlate with EE mobility. We propose a selection model and a pro-cedure 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. (JEL C83, E24, E32, J62)