Are Labor Market Indicators Telling the Truth? Role of Measurement Error in the U.S. Current Population Survey »
Series: IMF Working Papers
Author(s): Ippei Shibata
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 February 2019
Keywords: Persons not in labor force, Labor market policy, Labor force, Labor force participation, Labor markets, Gross Worker Flows, Current Population Survey, Classification Errors, Unemployment, Shimer
Labor market indicators are critical for policymakers, but measurement error in labor force survey data is known to be substantial. In this paper, I quantify the implications of classification errors in the U.S. Cu...