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Variable Name vt_qwi_z_wh3
Label Total variation for QWI: average monthly earnings FQ new hires
Codebook National QWI
Concept
Type numeric
Direct Link vt_qwi_z_wh3

Summary Statistics

vald   37253
invd   1087
min   43.294
max   81789525.474
mean   26557.121
stdev   556928.591

Full Description

The total variation for a generic variable `X` is:

`T[\bar{X}_{agkt}] =\ 1/M sum_{l=1}^{M}V^{(l)}[\hat{X}_{agkt}] + (M+1)/M B[\bar{X}_{agkt}]`

where `V^{(l)}[\hat{X}_{agkt}]` and `B[\bar{X}_{agkt}]` are respectively the within implicate variance and the between implicate variance of `X`.