The measurement of labor supply using March CPS: A cautionary tale

Arash Nekoei

Economics Letters, 2022, vol. 216, issue C

Abstract: I document evidence of a systematic bias in the widely-used estimate of annual hours worked using the Current Population Survey. The bias stems from multiplying the number of weeks worked by the median – instead of the mean – of weekly working hours. Theoretical and empirical evidence suggests that this bias leads to an overestimation of annual hours.

Keywords: Labor supply (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:216:y:2022:i:c:s0165176522001331

DOI: 10.1016/j.econlet.2022.110512

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