Adjusted Estimates of Worker Flows and Job Openings in JOLTS
Steven Davis (),
Jason Faberman (),
John Haltiwanger and
No 14137, NBER Working Papers from National Bureau of Economic Research, Inc
We develop and implement a method to improve estimates of worker flows and job openings based on the Job Openings and Labor Turnover Survey (JOLTS). Our method involves reweighting the cross-sectional density of employment growth rates in JOLTS to match the corresponding density in the comprehensive Business Employment Dynamics (BED) data. To motivate our work, we compare JOLTS to other data sources and document large discrepancies with respect to aggregate employment growth, the magnitude of worker flows, and the cross-sectional density of establishment growth rates. We also discuss issues related to JOLTS sample design and nonresponse corrections. Our adjusted statistics for hires and separations exceed the published statistics by about one-third. The adjusted layoff rate is more than 60 percent greater than the published layoff rate. Time-series properties are also affected. For example, hires exhibit more volatility than separations in the published statistics, but the reverse holds in the adjusted statistics. The impact of our adjustment methodology on estimated job openings is more modest, raising the vacancy rate by about 8 percent.
JEL-codes: C82 J63 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec and nep-lab
Note: EFG LS
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (9) Track citations by RSS feed
Published as Adjusted Estimates of Worker Flows and Job Openings in JOLTS , Steven J. Davis, R. Jason Faberman, John C. Haltiwanger, Ian Rucker. in Labor in the New Economy , Abraham, Spletzer, and Harper. 2010
Downloads: (external link)
Chapter: Adjusted Estimates of Worker Flows and Job Openings in JOLTS (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:14137
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Series data maintained by ().