A new paper on measurement error in survey measures of earnings, specifically in the U.S. Current Population Survey data used to calculate the unemployment rate, from Chris Bollinger and Barry Hirsch.
My general feeling is that measurement error is ubiquitous, sometimes substantively important, and grossly understudied by economists and other social scientists.
This is meat and potatoes research that has potentially large spillovers across subject areas and disciplines. Research funding agencies would do well to fund it.
Who was my favorite student this term?
1 year ago