I’ve often heard economists talk about “full-time, year-round workers.” Data challenge: Can such workers also be officially “unemployed”? Answer tomorrow.
Jun 6 2014
Suppose that I made the following claim: The formula M*V = P*Y is a pure accounting identity. It can be applied to all societies in all periods of history, by definition. Though tautological, it should nevertheless be regarded as the first fundamental law of capitalism, because it expresses a simple, transparent relat...
Jun 6 2014
While there's much to like in Yoram Bauman's Cartoon Introduction to Climate Change, this page nicely captures my reservations about his approach: He's tolerant of economically illiterate action, but intolerant of economically literate inaction. (Click to enlarge).[Excerpted from The Cartoon Introduction to Clima...
Jun 5 2014
I've often heard economists talk about "full-time, year-round workers." Data challenge: Can such workers also be officially "unemployed"? Answer tomorrow.
READER COMMENTS
Andy
Jun 5 2014 at 3:56pm
Sure. The first is a Census/ACS question about whether the respondent reports both working 50-52 weeks in the previous 12 months AND usually working 35+ hours each week. The second is a CPS question (although I believe the ACS has a version now) about whether they don’t have a job at the time of the survey (and aren’t on temporary layoff) and have looked for work in the previous 4 weeks.
Ignoring respondent errors then people who just got laid off or quit from a full-time job and are looking for a new job could be correctly counted in both categories.
Comments are closed.