Labour Market Stocks & Flows Decomposition - Non-Steady-State (data last updated: 14/4/2016)
- A simple Excel workbook (no VBA) and instructions which replicates methodology to decompose labour market stocks and analyse the relative importance of flows over time as in Elsby et al. (2015: JME).
- Baseline example uses publicly available U.S. Bureau of Labor Statistics gross flows time series for 1990-2015.
- A further example is provided using U.K. ONS experimental gross flow statistics for 2002-2015.
- Includes how to apply time aggregation bias correction of flow probabilities from Elsby et al. (2015: JME) using either Real Statistics add-in or additional Matlab code.