On the robustness of alternative unemployment measures | |
Feng, Shuaizhang1; Hu, Yingyao2; Sun, Jiandong3 | |
刊名 | ECONOMICS LETTERS
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2018-05 | |
卷号 | 166页码:1-5 |
关键词 | True unemployment rate U-3 U-6 Misclassification error |
ISSN号 | 0165-1765 |
DOI | 10.1016/j.econlet.2018.02.003 |
英文摘要 | The unemployment rate is one of the most important economic indices. This article extends the work of Feng and Hu (2013) and examines the effects of potential misclassifications in labor force statuses on the different Bureau of Labor Statistics (BLS) unemployment measures. Compared to the official US unemployment rate U-3, the broader measure U-6 is more robust to such classification errors in the survey data that are used to calculate unemployment rates. If one prefers the definitions of U-3, then we offer an approach to use reported unemployment measures to proxy for the unobserved true U-3. (C) 2018 Elsevier B.V. All rights reserved. |
WOS研究方向 | Business & Economics |
语种 | 英语 |
出版者 | ELSEVIER SCIENCE SA |
WOS记录号 | WOS:000429761600001 |
内容类型 | 期刊论文 |
源URL | [http://10.2.47.112/handle/2XS4QKH4/630] ![]() |
专题 | 上海财经大学 |
通讯作者 | Hu, Yingyao |
作者单位 | 1.Jinan Univ, Inst Econ & Social Res, Guangzhou, Guangdong, Peoples R China; 2.Johns Hopkins Univ, Dept Econ, Baltimore, MD 21218 USA; 3.Shanghai Univ Finance & Econ, Sch Econ, Shanghai, Peoples R China |
推荐引用方式 GB/T 7714 | Feng, Shuaizhang,Hu, Yingyao,Sun, Jiandong. On the robustness of alternative unemployment measures[J]. ECONOMICS LETTERS,2018,166:1-5. |
APA | Feng, Shuaizhang,Hu, Yingyao,&Sun, Jiandong.(2018).On the robustness of alternative unemployment measures.ECONOMICS LETTERS,166,1-5. |
MLA | Feng, Shuaizhang,et al."On the robustness of alternative unemployment measures".ECONOMICS LETTERS 166(2018):1-5. |
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