Using pseudo-panels to analyse labour market transitions
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Organización Internacional del Trabajo (OIT)
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| Natura: | Entrada de enciclopedia |
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International Labour Organization
2022
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| author | Rafael Perez. Ribas (Author) |
| author_facet | Rafael Perez. Ribas (Author) Rafael Perez. Ribas (Author) |
| contents | Using pseudo-panels to analyse labour market transitions Rafael Perez. Ribas (Author) This study describes and discusses methods that can be used to analyse labour market dynamics in the absence of true panel data. The so-called pseudo-panel models are particularly useful to investigate how the working conditions of different demographic groups change over time or due to aggregate shocks and policies. Three standard approaches are briefly described: the age-period-cohort model, to estimate lifecycle patterns and long-term trends of labour market indicators; the mobility model based on cohort means, to examine how the gap between demographic groups varies over time; and the differences-in-differences, to estimate the sensitivity of demographic groups to macro shocks and policies. Still, neither of these models can fully assess individual transitions. Some components of individual transitions, such as unemployment risk, income volatility, and within-cohort mobility, can only be measured using true panels. However, to examine how much individual mobility is potentially hidden in a pseudo-panel analysis, this paper also discusses the application of the synthetic panel approach, along with an exercise using data from Brazil. Finally, the paper presents methods to construct optimal-size cohorts and improve the accuracy of synthetic panels. Background paper (Building Partnerships on the Future of Work), no. 7, ILO publication.encyclopediaEntry |
| format | Entrada de enciclopedia |
| id | ilo_995354289602676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2022 |
| publisher | International Labour Organization |
| spellingShingle | Using pseudo-panels to analyse labour market transitions Rafael Perez. Ribas (Author) Using pseudo-panels to analyse labour market transitions Rafael Perez. Ribas (Author) This study describes and discusses methods that can be used to analyse labour market dynamics in the absence of true panel data. The so-called pseudo-panel models are particularly useful to investigate how the working conditions of different demographic groups change over time or due to aggregate shocks and policies. Three standard approaches are briefly described: the age-period-cohort model, to estimate lifecycle patterns and long-term trends of labour market indicators; the mobility model based on cohort means, to examine how the gap between demographic groups varies over time; and the differences-in-differences, to estimate the sensitivity of demographic groups to macro shocks and policies. Still, neither of these models can fully assess individual transitions. Some components of individual transitions, such as unemployment risk, income volatility, and within-cohort mobility, can only be measured using true panels. However, to examine how much individual mobility is potentially hidden in a pseudo-panel analysis, this paper also discusses the application of the synthetic panel approach, along with an exercise using data from Brazil. Finally, the paper presents methods to construct optimal-size cohorts and improve the accuracy of synthetic panels. Background paper (Building Partnerships on the Future of Work), no. 7, ILO publication.encyclopediaEntry |
| title | Using pseudo-panels to analyse labour market transitions |
| url | https://researchrepository.ilo.org/esploro/outputs/encyclopediaEntry/Using-pseudo-panels-to-analyse-labour-market/995354289602676 |