cps_ch3: Labour Characterstics

In arubhardwaj/StockWatson: Collection of all datasets used in Introduction to Econometrics by James H. Stock and Mark Watson.

Description

Each month the Bureau of Labor Statistics in the U.S. Department of Labor conducts the ÒCurrent Population SurveyÓ (CPS), which provides data on labor force characteristics of the population, including the level of employment, unemployment, and earnings. Approximately 65,000 randomly selected U.S. households are surveyed each month. The sample is chosen by randomly selecting addresses from a database comprised of addresses from the most recent decennial census augmented with data on new housing units constructed after the last census. The exact random sampling scheme is rather complicated (first small geographical areas are randomly selected, then housing units within these areas randomly selected); details can be found in the Handbook of Labor Statistics and is described on the Bureau of Labor Statistics website (www.bls.gov). The survey conducted each March is more detailed than in other months and asks questions about earnings during the previous year. The statistics in Table 3.1 were computed using the March surveys. The CPS earnings data are for full-time workers, defined to be somebody employed more than 35 hours per week for at least 48 weeks in the previous year.

Usage

cps_ch3

Format

The data frame contains following variables

a_sex

1 = Male, 2 = Female

year

Year

ahe98

CPS earnings for full time workers

...

Source

Bureau of Labor Statistics in the U.S. Department of Labor conducts the ÒCurrent Population SurveyÓ (CPS),

arubhardwaj/StockWatson documentation built on Dec. 19, 2021, 5:34 a.m.