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Previous Variable Next VariableVariable Name | qwi_err |
Label | QWI: excess reallocation rate (churning) |
Codebook | National QWI |
Concept | |
Type | numeric |
Direct Link | qwi_err |
Summary Statistics
Full Description
We define the excess reallocation measured using the symmetric Excess Reallocation Rate (see variables "qwi_wrr" and "qwi_jrr" for further information):
`E\R\R_{agkst} =\ W\R\R_{agkst} -\ J\R\R_{agkst}`
which measures the difference between gross worker flow and gross job flow rates, sometimes called the labor market ?churning? rate. The `E\R\R` measures the rate of gross worker flow activity in each category in excess of the minimum rate required to account for the observed gross job reallocation. Separate inflow and outflow excess reallocation rates can be defined using the components of the `E\R\R`?specifically, the Excess Inflow Rate (`EIR`) and the Excess Outflow Rate (`EOR`):
where the additive and symmetric growth rate properties of the measure within categories continue to hold. Because of the net job flow identities, `EIR_{agkst} \equiv \ EOR_{agkst}`.