Any fruitful econometrics exercises people have with this (or other) data for undergrad students, e.g, labor or housing-mortgage?
On Sun, Apr 3, 2011 at 10:45 PM, Doug Henwood <dhenwood at panix.com> wrote:
> On Apr 3, 2011, at 10:19 PM, Paul Bartlett wrote:
> > You will of course want to use unadjusted data, generally the more years
> > better. BLS probably has some differences with the Census in their
> > customizations regarding specifically employment hiring behaviour. I
> > like to hear from Doug the differences of using CPS data (household
> > from BLS data. I would assume that BLS is better in employment data, and
> > CPS might be better at characterizing the unemployed.
> The BLS puts both of 'em out - you must be thinking of the household survey
> (which is done by Census for the BLS) vs. the establishment survey. The
> household survey is best for all the demographic data, but its employment
> numbers are sometimes better at cyclical turns. Generally, though, the
> standard error on the est survey is much smaller, given the gigando sample
> size of 300,000 (vs. 60,000, which is still enormous compared to a typical
> opinion poll).