Unemployment through the Filter of Memory
利用年度工作经历调查数据构建基于回忆的失业序列,与官方序列的比值反映失业的痛苦程度,发现该比值在过去二十年持续下降,约30%源于失业人口结构变化,其余源于年轻人和老年人痛苦程度下降。
This paper uses data from the annual Work Experience Survey to construct a new unemployment series based on respondents' recollection of unemployment over the previous year. It is argued that the ratio of this new series to the official series computed from the monthly Current Population Survey provides an index of the "salience" or painfulness of unemployment. Over the past two decades this ratio has declined secularly. About 30 percent of this decrease is due to shifts in the composition of unemployment toward demographic groups with low ratios of remembered to currently reported unemployment. The remainder is due to a secular decline in salience for younger and older people.