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Activity Number:
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212
- GOVT CSpeed 1
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Type:
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Contributed
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Date/Time:
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Tuesday, August 10, 2021 : 1:30 PM to 3:20 PM
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Sponsor:
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Government Statistics Section
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Abstract #318176
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Title:
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Using the American Community Survey to Construct a Labor Composition Measure Suitable for BLS MFP and the BEA-BLS Integrated Industry-Level Production Account
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Author(s):
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Jerin Varghese* and Jon D. Samuels and Michael Jadoo and Andrew Kato and Michael Sverchkov and Corby Garner and Justin Harper
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Companies:
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Bureau of Labor Statistics and Bureau of Economic Analysis and Bureau of Labor Statistics and Bureau of Labor Statistics and Bureau of Labor Statistics and Bureau of Labor Statistics and Bureau of Labor Statistics
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Keywords:
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labor composition;
small area estimation;
ACS;
CPS;
multifactor productivity;
production account
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Abstract:
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The official MFP measures produced by the Bureau of Labor Statistics employ estimates of labor composition (demographic information) largely based on the monthly Current Population Survey (CPS), while the measures used in the BEA-BLS integrated industry-level production account rely on updating benchmark labor composition data with information in the annual March supplement of the CPS. This paper presents work toward a new measure that serves the purposes of both the official BLS MFP accounts and the BEA-BLS integrated industry-level production account. We address sample size issues and approaches to deal with missing data.
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Authors who are presenting talks have a * after their name.
