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Variable Name qwi_err
Label QWI: excess reallocation rate (churning)
Codebook National QWI
Concept
Type numeric
Direct Link qwi_err

Summary Statistics

vald   38340
invd   0
min   0.000876
max   4.792
mean   0.394
stdev   0.351

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`):

  • `EIR_{agkst} =\ AR_{agkst} -\ JCR_{agkst}`
  • `EOR_{agkst} =\ SR_{agkst} -\ JDR_{agkst}`

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}`.