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Activity Number: 517
Type: Contributed
Date/Time: Wednesday, August 6, 2014 : 10:30 AM to 12:20 PM
Sponsor: Government Statistics Section
Abstract #312753
Title: Education Expenditure Comparison Areas
Author(s): Satkartar Kinney*+
Companies: NISS
Keywords: wage index ; American Community Survey ; economic data ; education data
Abstract:

There are several metropolitan and micropolitan area definitions used by government agencies for policy and analysis purposes. In our use of the American Community Survey to develop a wage index controlling for uncontrollable differences in wages, we found that none of the existing definitions suited our purposes. We required a "labor market" definition that covered the entire country, including rural areas, adhered to county or township boundaries, and that had a sizable minimum population. We utilize spatial methods to cluster counties based on economic characteristics and proximity, such that the worker population in each labor market is large enough to yield a stable index with reasonable standard errors.


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